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How definitive the wording is.This transaction
Dissolution of a subsidiaryDisclosing companyUNITIKA LTD.
TimelineThe spacing between the points is proportional to the actual number of days.
Target company
Dyeing and processing of cotton and cotton-blended woven fabrics and knitwear
Location Mishima District, Osaka PrefectureShare capital ¥90 millionDate of incorporation 20 April 1977
Net Sales¥1,479 million (fiscal year ended March 2026)
Operating profitOperating loss of ¥42 million (fiscal year ended March 2026)
Net income for the current fiscal yearNet income of ¥13,319 million (fiscal year ended March 2026)
Net assetsNet assets of ¥10,851 million (fiscal year ended March 2026)
Impact on Business Performance
The impact of this matter on consolidated financial results for the fiscal year ending March 2027 is expected to be immaterial.
Procedures and assumptions
Conditions Precedent to ExecutionResolution to dissolve at an extraordinary general meeting of shareholders of 大阪染工株式会社
Management structure after acquisitionCompletion of liquidation (scheduled): 30 September 2027
| Item | Details |
|---|---|
| Transaction name | Dissolution of a subsidiary |
| Name of the Subject Company | 大阪染工株式会社 |
| Business Description of the Subject Company | Dyeing and processing of cotton and cotton-blended woven fabrics and knitwear |
| Location of the Subject Company | Mishima District, Osaka Prefecture |
| Capital Stock of the Subject Company | ¥90 million |
| Date of Establishment of the Subject Company | 20 April 1977 |
| Net Sales of the Subject Company | ¥1,479 million (fiscal year ended March 2026) |
| Operating Profit of the Subject Company | Operating loss of ¥42 million (fiscal year ended March 2026) |
| Net Income of the Subject Company | Net income of ¥13,319 million (fiscal year ended March 2026) |
| Net Assets of the Subject Company | Net assets of ¥10,851 million (fiscal year ended March 2026) |
| Voting rights ownership percentage | Before 100% (after not disclosed) |
| Impact on Business Performance | The impact of this matter on consolidated financial results for the fiscal year ending March 2027 is expected to be immaterial. |
| Date of board resolution | 26 October 2026 |
| Execution Date / Effective Date | Resolution to dissolve at an extraordinary general meeting of shareholders of 大阪染工株式会社: 31 October 2026; completion of liquidation (scheduled): 30 September 2027 |
| Conditions Precedent to Execution | Resolution to dissolve at an extraordinary general meeting of shareholders of 大阪染工株式会社 |
| Management structure after acquisition | Completion of liquidation (scheduled): 30 September 2027 |
Items this document does not state (16)
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 Committee
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.大阪染工株式会社 will be dissolved as part of the implementation of the business revitalization plan announced on 28 November 2024, which is being carried out with the support of the Regional Economy Vitalization Corporation of Japan.
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