(Code 2590 on the Tokyo Stock Exchange Prime Market)
Inquiries:
Naokazu Hasegawa, Corporate Officer
and General Manager of Corporate Communication Department
April 14, 2022
Notice regarding Russian business policy
DyDo Group Holdings is concerned by the situation in Ukraine and is taking it very seriously. We sincerely hope that this issue can be resolved as quickly as possible and that we will see a return to safety and peace for those living in the region.
Considering the recent circumstances, the Board of Directors determined our policy regarding our Russian business when they met earlier today.
1. Russian business policy
With the aim of expanding the vending machine business, DyDo Group Holdings established a wholly owned subsidiary, DyDo DRINCO RUS, LLC, in Moscow in December 2013, but on January 15, 2020, at a meeting of the Board of Directors, it was determined that the group would begin liquidation procedures.
Having considered the recent circumstances, the Board has not changed our policy of liquidating the subsidiary, but it is predicted that to do so will now require more time.
Most recently, we have been investigating establishing a sales base in Russia that would be run by the Turkish beverage business. Now, however, exports to Russia have been stopped and as it is entirely unclear when this situation will change, the Board has decided to end that investigation.
2. Impact on business performance
As the loss on liquidation of the subsidiary has already been accounted for in our FY2019 financial results, the impact on business performance from our withdrawal from DyDo DRINCO RUS, LLC is expected to be minimal.
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DyDo Group Holdings Inc. published this content on 14 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 April 2022 06:14:10 UTC.
DyDo Group Holdings, Inc., formerly DyDo DRINCO, INC. is a Japan-based company mainly engaged in the manufacture and sale of beverages. The Company operates through three business segments. The Beverage Sales segment is involved in the planning, development and sale of various soft drinks to consumers through convenience stores and vending machines. Through a consolidated subsidiary, this segment is also engaged in the manufacture and sale of drinkable preparations such as quasi drugs. The Contract Drink Manufacturing segment is engaged in the contract manufacture of drinkable preparations, including drugs and medicines, quasi drugs, as well as soft drinks. The Foods Manufacture and Sale segment is involved in the manufacture and sale of fruit jellies.
DYDO GROUP HOLDINGS, INC. 
