GarageBank to join the KOMEHYO Holdings Group

GarageBank Corporation is pleased to announce that on July 16, 2026, it entered into a share transfer agreement with KOMEHYO HOLDINGS Co., Ltd. (Headquarters: Nagoya, Aichi; President and Representative Director: Takuji Ishihara; listed on the Tokyo Stock Exchange Standard Market and the Nagoya Stock Exchange Main Market: 2780; hereinafter "KOMEHYO HD"), under which GarageBank will join the KOMEHYO Holdings Group as a wholly owned subsidiary. The share transfer is scheduled to be executed on July 29, 2026.

Background and purpose

Since its founding in 2020, GarageBank has pursued the mission "Turn the value of goods into possibilities for everyone," providing a service through the cashari app that lets users complete everything from appraisal to cash conversion of their belongings on a single smartphone. The app has surpassed 400,000 cumulative downloads and is used by a large number of customers.

Built around our patent on the system that realizes the end-to-end process—appraisal, application, and contract management—required to provide a sale-and-leaseback service through a smartphone app, we have refined proprietary technologies for image-based appraisal and credit assessment, proposing to society a new form of asset utilization in which items can be converted into cash without being given up.

KOMEHYO HD, meanwhile, is the leading company in the reuse industry, with strengths in the exceptional appraisal expertise it has cultivated since its founding in 1947, an integrated value chain spanning purchase, commercialization, and sales, and the wealth of reuse data that this generates.

Through this participation in the group, we will combine GarageBank's technology and customer base with KOMEHYO HD's management resources—such as its real-time market-price database and its specialized personnel in the reuse field—to further advance the visualization of the value of goods and to achieve the expansion and enhanced reliability of cashari. By fusing the strengths of both companies, we aim to extend the boundaries of the conventional reuse market and create innovative buying and selling experiences.

Future developments

After joining the group, GarageBank will continue to provide the cashari brand and service. There will be no changes to existing customers' contract terms or conditions of service.

Going forward, we will leverage the management resources of the KOMEHYO HD Group to pursue the following initiatives:

• Further improving the accuracy of appraisal and credit assessment through integration with the market-price database
• Expanding the categories of items we handle and broadening the scope of our leaseback service
• Developing new services linked to the group's value chain

Comment from Yoshihito Yamamoto, Representative Director, GarageBank Corporation

Since our founding, we have worked toward our vision of building a world full of possibilities—creating a new experience of managing and utilizing goods as assets by putting in place a framework that fairly evaluates the value of goods and converts it into cash immediately. I am truly delighted that, as a member of KOMEHYO Holdings—a company that understands the value of goods more deeply than anyone and has led the reuse industry—we can take a step toward our next leap forward.

It is precisely because KOMEHYO HD holds such deep knowledge in evaluating the value of goods that this fusion becomes possible. By combining the appraisal expertise and data the company has cultivated over many years with our technology, we are confident that the value we can deliver to our customers will rise dramatically. cashari will continue to evolve. We look forward to your continued support.

About KOMEHYO HOLDINGS Co., Ltd.

- Address: 3-25-31 Osu, Naka-ku, Nagoya, Aichi
- Representative: Takuji Ishihara, President and Representative Director
- Listing: Tokyo Stock Exchange Standard Market / Nagoya Stock Exchange Main Market (Securities code: 2780)
- Business: Management planning, business-promotion support, and administration for a group engaged in the brand and fashion business, the tire and wheel business, and other businesses
- URL: https://komehyohds.com/