Tiemco Sets Up China Subsidiary for Long-Term Growth

TOKYO, Jul 16 (Pulse News Wire) – TIEMCO LTD. (7501.T) announced today that it has decided to establish a subsidiary in China to support long-term growth strategies and sustainable expansion in the Chinese market.

The decision was made during a board meeting held on July 16, 2026. The subsidiary's primary purpose is to collaborate with major shareholder Nutri Synergy Investment Fund LP to develop a new management structure aimed at fostering future business development in China. It will focus on e-commerce and retail sales of fishing gear products within China and internationally. The capital investment is set at ¥1 million yuan (approximately ¥24 million, based on the exchange rate of 1 yuan = ¥23.97).

The establishment is scheduled for autumn 2026, with the headquarters located in Xiamen City, Fujian Province, China. Regarding the impact on the fiscal year ending November 2026, TIEMCO stated that estimating the effects reasonably is currently challenging. Therefore, the company maintains its previous stance on the annual performance forecast disclosed on July 10, 2026. Any significant developments related to this initiative will be communicated promptly.