SBC Medical Group to sell two subsidiaries to CEO Yoshiyuki Aikawa

SBC Medical Group (SBC) announced that it has decided to sell all shares of its subsidiaries, SBC Kijimadaira Resort and Skynet Academy. The decision to sell these subsidiaries was made to concentrate management resources on core medical services business. The shares will be sold to a company wholly owned by Yoshiyuki Aikawa, the CEO of the company. Since this transaction constitutes a related party transaction, it was deliberated and approved by the company’s board. To ensure the fairness of the transaction, an independent third-party organization conducted a valuation. The impact of this transaction on the company’s consolidated financial statements is expected to be minimal, with no significant changes to its financial position anticipated. The transaction is expected to close by the end of December, subject to standard closing conditions.