News Release Dated February 29, 2024
Company: AOKI Holdings Inc.
Representative: Haruo Tamura, President
Stock code: 8214, TSE Prime
Contact: Satoshi Eguchi,
General Manager of IR/PR OfficeTel: +81-45-941-1388

Notice of Change in Consolidated Subsidiary (Sub-subsidiary)(Sale of Shares)
AOKI Holdings Inc. announces that its consolidated subsidiary RUNSYSTEM CO., LTD. (Stock code:3326, TSE Standard) has resolved at a meeting of its Board of Directors held on February 29, 2024 tosell all shares of RUNWELLNESS CO., LTD. held by RUNSYSTEM to MEIKO NETWORK JAPANCO., LTD. In addition, RUNWELLNESS will be excluded from the AOKI Holdings’ consolidation asa result of the sale of shares.
We believe that the impact of the sale of the RUNWELLNESS stock on the consolidated results ofoperations is negligible.
Outline of RUNSYSTEM(1)Company nameRUNSYSTEM CO., LTD.

(2)

Location

4-27-38, Sayamadai, Sayama-shi, Saitama(3)

Representative

Daisuke Hidaka, President(4)

Business(5)

CapitalManagement of complex café JIYU KUKAN and other facilities, sales,
maintenance and management of business systems and management ofreal estate properties
100 million yenAttachment
RUNSYSTEM’s disclosure material“Notice of Change in Consolidated Subsidiary (Sale of Shares) and Recording of Extraordinary
Income”February 29, 2024
Company:
Representative:

Contact:RUNSYSTEM CO., LTD.
Daisuke Hidaka, President
Stock code: 3326, TSE Standard
Managing Director Hideo Omodaka
Tel: +81-45-594-6411

Notice of Change in Consolidated Subsidiary (Sale of Shares) and Recording of Extraordinary
IncomeAt a meeting of the Board of Directors held today, RUNSYSTEM CO., LTD. resolved to sell all shares of its
consolidated subsidiary RUNWELLNESS CO., LTD.
RUNSYSTEM also announces that it plans to record an extraordinary income for the fiscal year ending March

31, 2024 as a result of this sale.
1. Reason for the sale of shares
RUNWELLNESS was established in October 2015 as a subsidiary of RUNSYSTEM. This subsidiary
operates mainly after-school day care facilities and child development support facilities in Kanagawa,
Saitama and Tokyo. Operations are based on the RUNSYSTEM Group’s management philosophy ofcontributing to the betterment of people, communities and society.
RUNSYSTEM has been considering the sale of RUNWELLNESS to enable us to utilize funds mainly in its
core entertainment and IT systems businesses. The decision has been made to sell RUNWELLNESS stock
to MEIKO NETWORK JAPAN CO., LTD. based on the conclusion that this sale will provide benefits for
RUNWELLNESS, RUNSYSTEM and MEIKO NETWORK JAPAN.
2. Outline of RUNWELLNESSRUNWELLNESS CO., LTD.
3-1-50 Kita-yamata, Tsuzuki-ku, Yokohama, Kanagawa
Hideo Omodaka, PresidentChild development support services
10 million yen
October 16, 2015
RUNSYSTEM CO., LTD.: 100%(1)Company name(2)

Location(3)

Representative(4)

Business(5)

Capital(6)(7)

Established(8)

Relationships between

CapitalRUNSYSTEM andRUNWELLNESS

Personnel

Major shareholders andshareholding ratios

Business

RUNSYSTEM holds 100% of the outstanding shares of
RUNWELLNESS.
Two directors and one corporate auditor of
RUNSYSTEM serve concurrently as directors of
RUNWELLNESS.
Not applicable.

1(9)Results of operations and financial position of RUNWELLNESS for the past three years
Fiscal years ended
June 2021
June 2022
March 2023note
Net assets (Thousands of yen)
(38,230)
4,004
24,216
Total assets (Thousands of yen)
178,876
175,433
198,774
Net assets per share (Yen)(38,230)
4,004
24,216
Net sales (Thousands of yen)442,865
470,541
381,436
Operating profit (Thousands of yen)
57,57761,50142,149Ordinary profit (Thousands of yen)
52,32952,32929,059Profit (Thousands of yen)
61,811
42,235
20,212
Net income per share (Yen)61,811
42,235
20,212
Note: The fiscal year ended March 31, 2023 is a nine-month period from July 1, 2022 to March 31, 2023 due
to a change in the fiscal year-end.
3. Outline of MEIKO NETWORK JAPAN (as of August 31, 2023)(1)

Company name(2)

Location(3)

Representative(4)

Business(5)

Capital

(6)
(7)
(8)
(9)

EstablishedNet assets
Total assets
Relationships between
RUNSYSTEM andMEIKO NETWORKJAPANMEIKO NETWORK JAPAN CO., LTD.
7-20-1 Nishi-Shinjuku, Shinjuku-ku, Tokyo
Kazuhito Yamashita, President & Representative Director
Tutoring school business
972 million yen
September 1984
11,203 million yen
15,811 million yen
CapitalNot applicable.
Personnel
Not applicable.
Business
Not applicable.
Related party
Not applicable.

4. Number of shares to be sold, selling price and the number of shares held before and after the sale(1)

Number of shares held before the sale(2)

Number of shares to be soldSelling price
Number of shares held after the sale

(3)
(4)

Common stock 1,000 shares(Percentage of voting rights: 100%)
Common stock 1,000 shares
380 million yen
0 shares (Percentage of voting rights: 0%)

5. Schedule
(1)
(2)
(3)

Date of the Board of Directors meeting
Date of signing of share sales agreement
Date of sale of shares

February 29, 2024
February 29, 2024
March 25, 2024 (tentative)

6. Extraordinary income (gain on sale of shares of subsidiaries and associates)
In the consolidated financial statements for the fiscal year ending March 31, 2024, RUNSYSTEM plans torecord 328 million yen as an extraordinary income (gain on sale of shares of subsidiaries and associates)from the sale of all shares of RUNWELLNESS.
7. Outlook
For the consolidated forecast for the fiscal year ending March 31, 2024, please see “Notice Concerning
Revision of Earnings Forecast” (Japanese version only) released today.
2