Artnature, the Tokyo-listed wig and hair-care company, plans to sell every share it owns in its Philippine manufacturing subsidiary, with the transfer scheduled for December 1, 2026. The company said the sale is part of a "fundamental review" of its production setup following the start of operations at its Bangladesh factory.
What the extraordinary report says
The board resolved on October 15 to sell the shares, and the company filed an extraordinary report with the Kanto Local Finance Bureau on October 22. The report is required under Article 24-5, paragraph 4 of the Financial Instruments and Exchange Act because the sale involves a change in a specified subsidiary. The December 1 date is marked as planned, so the transfer has not yet happened.
The subsidiary is Artnature Philippines Inc., based in San Pedro, Laguna Province, and its business is wig manufacturing. It has capital of 90,000 thousand Philippine pesos.
Full exit, not a partial stake sale
Artnature now holds 900,000 voting rights in the unit, or 100.0% of the total. After the transfer the report shows no holding. The company is therefore leaving the Philippine plant entirely, not trimming its stake.
What is not disclosed
The report does not name a buyer or a sale price. It also gives no figures on the Philippine unit's output, headcount or financial results, and no comparison of costs between the Philippines and Bangladesh. The only stated rationale is the production-system review tied to the Bangladesh factory's start-up.