Komehyo Holdings Co.,Ltd. [2780.T]
TOKYO, May 14 (Pulse News Wire) – Komehyo Holdings CO.,LTD. (2780.T) announced on May 14 that its consolidated subsidiary, KOMEHYO BRAND OFF ASIA LIMITED, resolved to establish subsidiaries in Macau and Indonesia during a board meeting held on the same day.
The newly established companies will aim to expand the reuse culture within their respective regions and position themselves as key strategic locations for the group's global expansion in the overseas brand reuse market. Both subsidiaries will have capital amounts equivalent to more than 10% of Komehyo Holdings' own capital, qualifying them as significant subsidiaries according to regulatory requirements. In Macau, the subsidiary named BRAND OFF MACAU LIMITED (tentative name) plans to engage in the procurement and sale of bags, watches, jewelry, and precious metals. It is scheduled to be set up in August 2026 with a registered capital of approximately ¥10 million.
In Indonesia, PT KOMEHYO INDONESIA (tentative name) will undertake similar activities and is slated for establishment in October 2026 with a registered capital of approximately ¥1.6 billion. Both subsidiaries will operate on a fiscal year ending December 31. Komehyo Holdings holds a combined stake of 90% in the two subsidiaries through its direct holdings and those of its subsidiary companies. The company expects the impact on its performance for the fiscal year ending March 2027 to be minor but will disclose any necessary updates promptly if circumstances warrant.
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