【Yodoko】Sale of Subsidiary Shares and Future Business Strategy | June 2026

Business Overview

Yodoko has decided to sell a portion of its investment in the Chinese company YSS located in Hefei, Anhui Province, and exclude it from the consolidation. YSS manufactures and sells galvanized steel sheets and color-coated steel sheets, with a capital of US$220 million. The post-sale shareholding ratio will be 5.00%. The sale price is approximately 23.27 million RMB, scheduled for early August 2026. This sale aims to focus management resources on overseas businesses and enhance corporate value.

Future Outlook and Impact

With the sale of YSS shares, the company will be excluded from consolidated subsidiaries, likely influencing future performance. In the disclosed materials from February 2026, gains from sales of associated company shares are recognized and incorporated into the earnings forecast for March 2027. Attention is being paid to stakeholder adjustments and strategic reviews related to the sale.