Yamada Holdings announced on the 24th that it will transfer its entire stake in a home appliance sales subsidiary in Shenyang, Liaoning Province, China, to a local company. The transfer price is 130 million yuan, or about 3 billion yen. The company had been considering disposing of the assets it held since closing the store in June 2020, and the two sides reached an agreement on terms. With this, all of its assets in the "electric appliance segment," including home appliances, held in the Chinese market will be eliminated. Although Yamada Holdings has not factored the impact of the transfer into its earnings forecast for the fiscal year ending March 2027, it expects the deal to boost net profit through tax effects and other factors, and said it will disclose any revision to the forecast promptly.
Yamada Holding Co., Ltd.Yamada Holdings is selling its Shenyang appliance sales subsidiary for ~3 billion yen, expecting a net profit boost from tax effects.
