WISE Holdings SELLS YBFC SHARES TO YAMASHINA FOR STRATEGIC REORGANIZATION

TOKYO, Jul 31 (Pulse News Wire) – Wise Holdings CO.,LTD. (5955.T) announced today that it has decided to sell all shares of its subsidiary, Yamashina Bangkok Fastening Company Limited (YBFC), to another subsidiary, Yamashina Corporation, aiming to enhance operational efficiency and strengthen its global presence.

The transaction was approved during a board meeting held. Under this reorganization, Wise Holdings plans to consolidate management resources and decision-making functions related to fastener products within Yamashina Corporation, thereby improving overall competitiveness and operational efficiency across domestic and international operations. As part of the group's internal restructuring efforts, there will be no changes to the scope of consolidation for Wise Holdings. According to the company, the sale of YBFC’s shares will result in special gains of approximately ¥235 million being recognized in the individual financial statements for the fiscal year ending March 2027.

However, since this is an intra-group transaction, it will not affect the consolidated financial results. Key details of the involved companies include: YBFC - Established on June 05, 2002 - Capital: ¥23,000 thousand THB - Major shareholder: Wise Holdings CO.,LTD. (84%) Yamashina Corporation - Located in Kyoto City, Japan - Established on April 01, 2024 - Capital: ¥90 million - Major shareholder: Wise Holdings CO.,LTD. (100%) The share transfer agreement was signed and executed.

Wise Holdings emphasized that while the transaction will contribute to special gains in individual financial statements, it will not impact the consolidated financial performance due to its nature as an intra-group transaction.