Bookoff Group Holdings (TYO:9278) said Tuesday it will exit its reuse store joint venture in Kazakhstan by selling its 55% stake in J&K Trading to partner Kaz Agro Project, citing changes in the local business environment, according to a Tuesday filing on the Tokyo Stock Exchange.
The Tokyo-based company said the move does not mark a retreat from Kazakhstan, but a shift to a franchise-based model to enable faster, more flexible expansion while reducing risk.
It will continue to support operations through product supply, branding, and operational assistance, as part of its broader plan to grow its overseas "Jalan Jalan Japan" store network to 100 outlets by the fiscal year ending May 2033.
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