Ya-Man (TYO:6630) will sell its 35% stake in MACHERIE Beauty Technology, a Shanghai-based beauty equipment firm, resulting in the removal of MACHERIE from its equity-method affiliates, according to a Monday filing on the Tokyo Stock Exchange.
The transfer is expected to generate an extraordinary income of 960 million yen in the third quarter ending April 2025, attributed to the gain on the sale of shares.
YA-MAN, which established MACHERIE in 2019 to grow its China business, plans to focus on its direct sales channels via subsidiaries YA-MAN Shanghai and YA-MAN Zhejiang.
Details about the transferee and transfer price remain undisclosed due to confidentiality agreements.
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