TORICO Completes Establishment of a Dedicated Subsidiary to Strengthen Ethereum Business

TORICO, a company listed on the Tokyo Stock Exchange Growth, has announced the completion of the establishment procedures for its wholly-owned subsidiary, 'TORICO Ethereum Inc.' The company, established on the 26th, is headquartered in Chiyoda-ku, Tokyo, with a capital of 1 million yen. Mr. Junji Oshita has been appointed as the representative director. The company will engage in research, consulting, and marketing activities related to cryptocurrency, blockchain technology, and financial literacy. While TORICO states that the impact on this fiscal year's consolidated performance is minor, it expects that in the medium to long term, the marketing and PR activities of this subsidiary will lead to an expansion of the parent company's Ethereum operations and an enhancement of corporate value.