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Dissolution and liquidation of a consolidated subsidiaryDisclosing companyIWATSUKA CONFECTIONERY CO.,LTD.
TimelineThe spacing between the points is proportional to the actual number of days.
Target company
Manufacture and sale of karintō
Location Kamo, Niigata PrefectureShare capital ¥3 millionDate of incorporation 7 January 2009
Net Sales¥59.062 million (fiscal year ended March 2026)
Operating profit¥6.814 million (fiscal year ended March 2026)
Net income for the current fiscal year¥4.634 million (fiscal year ended March 2026)
Net assets¥21.704 million (fiscal year ended March 2026)
Impact on Business Performance
The impact of the subsidiary's dissolution on the Company's consolidated results will be immaterial.
Procedures and assumptions
Management structure after acquisitionLiquidation is scheduled to be completed by December 2027. The corporate name, representative and treatment of employees: Not disclosed
| Item | Details |
|---|---|
| Transaction name | Dissolution and liquidation of a consolidated subsidiary |
| Name of the Subject Company | 株式会社田辺菓子舗 |
| Business Description of the Subject Company | Manufacture and sale of karintō |
| Location of the Subject Company | Kamo, Niigata Prefecture |
| Capital Stock of the Subject Company | ¥3 million |
| Date of Establishment of the Subject Company | 7 January 2009 |
| Net Sales of the Subject Company | ¥59.062 million (fiscal year ended March 2026) |
| Operating Profit of the Subject Company | ¥6.814 million (fiscal year ended March 2026) |
| Net Income of the Subject Company | ¥4.634 million (fiscal year ended March 2026) |
| Net Assets of the Subject Company | ¥21.704 million (fiscal year ended March 2026) |
| Voting rights ownership percentage | Before 100％ (after not disclosed) |
| Impact on Business Performance | The impact of the subsidiary's dissolution on the Company's consolidated results will be immaterial. |
| Date of board resolution | 9 October 2026 |
| Execution Date / Effective Date | March 2027: cessation of manufacturing and sales by 株式会社田辺菓子舗; December 2027: completion of liquidation (scheduled) |
| Management structure after acquisition | Liquidation is scheduled to be completed by December 2027. The corporate name, representative and treatment of employees: Not disclosed |
Items this document does not state (17)
Counterparty nameAcquisition priceExpenses other than the acquisition priceType of ConsiderationMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodNumber of shares acquiredFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Contract DateValuation methodologyIndependent valuation institutionSpecial CommitteeConditions Precedent to Execution
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The dissolution and liquidation were decided following a review of the business structure to improve the efficiency of operations within the consolidated group and make effective use of management resources.
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