The company established a new subsidiary, Renshou Fashion (Shanghai) Co., Ltd., in Shanghai, China on March 2, 2026, with capital of 25 million yuan (approximately 570 million yen). The subsidiary qualifies as a specified subsidiary (特定子会社) because its capital represents 10% or more of the parent company's capital, and the company holds 100% of voting rights.
¥570M
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Summary
The company established a new subsidiary, Renshou Fashion (Shanghai) Co., Ltd., in Shanghai, China on March 2, 2026, with capital of 25 million yuan (approximately 570 million yen). The subsidiary qualifies as a specified subsidiary (特定子会社) because its capital represents 10% or more of the parent company's capital, and the company holds 100% of voting rights.