TOKYO BASE plan to open the STUDIOUS Shanghai Taikoo Li store in September. In Guangzhou, the company is planning to open the STUDIOUS TOKYO Guangzhou store in the fall. The company has the STUDIOUS Shenzhen Wanxiang Tiandi store and the UNITED TOKYO Shenzhen Wanxiang Tiandi store. The company is planning to open them in September, in the same developer. Then the UNITED TOKYO and PUBLIC TOKYO stores, each in Shenzhen Qianhai Wanxiang City. The company is planning to open them in November. In addition, the company will launch a new athleisure business model this fall. As for the new athleisure business, the company will open stores in the same areas as UNITED TOKYO and PUBLIC TOKYO. On the other hand, for the new multi-brand business, the company will open stores in areas where there are people in their 40s and 50s, which is a target that the STUDIOUS business has not done before. Similarly, in overseas store opening strategy, the company is planning to open new athleisure stores in the same locations as UNITED TOKYO and PUBLIC TOKYO, as well as new multi-brand stores throughout China.