#Japan #Tokyo #KOMEHYO #cashari #Garage Bank

Garage Bank Joins Komehyo Holdings Group

Garage Bank Inc., based in Minato, Tokyo, announced that it will become a wholly owned subsidiary of Komehyo Holdings Inc., headquartered in Nagoya, Aichi, following a stock transfer agreement signed on July 16, 2026. The completion of this transfer is scheduled for July 29, 2026. This collaboration marks a significant step for both companies in enhancing their service offerings in the asset management and reuse markets.

Background and Objectives

Since its inception in 2020, Garage Bank has operated under the mission of 'Empowering Everyone with Asset Value.' Its app, 'cashari,' has enabled users to assess and convert their possessions into cash through a seamless smartphone experience. With over 400,000 downloads, it is evident that many customers benefit from this innovative service.

The 'cashari' app incorporates patented technologies designed for the sale and leaseback services necessary to streamline the whole process, including assessments, applications, and contract management. With exclusive technologies for image evaluation and credit decision-making, Garage Bank has pioneered a new way for users to access liquidity without parting with their items.

On the other hand, Komehyo Holdings, established in 1947, has built a strong reputation for its expertise in valuation, comprehensive value chain management, and extensive reuse data that positions it as a leader in the reuse sector. By joining forces, Garage Bank aims to leverage Komehyo’s real-time market database, specialized human resources, and operational synergies to further promote the visualization of asset value and elevate the reliability of ‘cashari’ services.

Future Developments

After the integration, Garage Bank will continue to operate under the 'cashari' brand, maintaining the same terms and conditions that existing customers enjoy. The partnership will allow the company to utilize Komehyo's resources to enhance the accuracy of appraisals and credit evaluations.

Key initiatives also include:

• - Expanding the range of asset categories handled and the scope of leaseback services
• - Developing new services aligned with Komehyo’s value chain

An Insight from the CEO

Yoshihito Yamamoto, CEO of Garage Bank, expressed excitement about joining Komehyo Holdings: “Since our founding, we have strived to create a world overflowing with possibilities. This alliance with Komehyo, an expert in asset value evaluation and a leader in the reuse industry, propels us toward further innovation. Merging Komehyo’s extensive knowledge and market data with our technology amplifies the value we offer to our customers.”

Cashari continues to evolve and adapt, assuring users of a unique financing solution that recognizes the value of their possessions while allowing them to retain usage through a leaseback system, all managed via the app.

About 'cashari'

The 'cashari' app allows users to assess their items by simply taking photos without any initial registration, turning asset valuation into a hassle-free experience that takes as little as 30 seconds. The app supports a wide range of assets including electronics, game consoles, luxury items, and even vehicles, all while ensuring compliance with regulations and maintaining user security. Users can receive a cash payout after selling items while still retaining the ability to use them via a leasing arrangement.

With integrated financial services and a wallet solution within the app, cashari enhances daily transactions, making the liquidated funds easily accessible for everyday use. The app also adheres to AML standards and employs rigorous security measures in line with global standards for information security.

More Information:
- cashari Website
- Komehyo Holdings Website
- Garage Bank Website