Triis sells subsidiary, revises earnings, to reclassify market listing

Triis Incorporated announced the decision to sell its entire stake in Hamano Co., Ltd., a consolidated subsidiary since November 2008, due to persistent underperformance and a focus on core operations. This divestiture is expected to result in a special loss of 153 million yen at the individual level (111 million yen consolidated) for the fiscal year ending December 2025. Consequently, Triis revised its individual earnings forecast for the period, with net profit now projected at 37 million yen, down from 135 million yen previously.

The sale is part of a broader strategic initiative, which includes Hamano being acquired by UKETUGI Co., Ltd. for 130 million yen. Concurrently, Triis also disclosed its decision to apply for a reclassification from the Growth Market to the Standard Market of the Tokyo Stock Exchange. This move aligns with a revised plan to meet listing maintenance standards.

Triis’s long-term goal of sustainable growth and increased corporate value remains unchanged, with efforts continuing across its construction consulting, fashion brand, and investment businesses. The company expects to achieve 2,882 million yen in net sales and 358 million yen in net income attributable to parent company shareholders for the fiscal year ending December 2025.