TOKYO, Mar 25 (Pulse News Wire) – Dream Vision CO.,LTD. (3185.T) announced today that its board of directors approved the renewal of a warehouse lease agreement and logistics service contract with parent company RIZAP Group Co., Ltd.
The agreements, originally signed on March 31, 2024, will now extend until March 31, 2027, with annual automatic renewals. Under the renewed lease agreement, Dream Vision will continue to sublet approximately 1,200 square meters of warehouse space from RIZAP Group. Monthly rent remains unchanged at March 25, 2026 per tsubo (tax-exempt).
Additionally, the logistics service contract, which involves managing inventory within the leased premises, will also remain on similar terms through March 31, 2027. Regarding minority shareholder protection, the company confirmed that the transaction adheres to its established guidelines aimed at safeguarding minority shareholders' rights. Independent outside directors reviewed the fairness and economic rationale behind the contracts, concluding that maintaining the existing conditions helps control rising logistics costs and ensures more economical arrangements compared to individual group companies negotiating separately.
The impact on future performance is expected to be minor, with no immediate effect on previously disclosed earnings forecasts.
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