Komori
M&A and Subsidiary Changes3445RS Technologies Co.,Ltd.Construction and Materials

Notice Regarding the Dissolution of 艾索精密部件(惠州)有限公司 (RSPDH) and Cancellation of Plans to Enter the Automotive Camera Module Business

The Company has decided to dissolve its Chinese consolidated subsidiary, RSPDH, terminate the optical pickup business that it had continued and been preparing through the subsidiary, and discontinue plans to enter the automotive camera module business. In connection with this, the Company expects to record an extraordinary loss, including losses on the disposal of fixed assets, although the amount of the impact is still under review.

Worth reading
37Immaterial
Scored from 4 of 5 sections
Direction
Deterioration
Direction inferred from the company’s description.
Scale
—
Displayed only when the document provides numerical figures.
Wording
Conditional
How definitive the wording is.

This transaction

Dissolution of Aisuo Precision Components (Huizhou) Co., Ltd. (RSPDH) and discontinuation of plans to enter the automotive camera module business
Disclosing companyRS Technologies Co.,Ltd.
Aisuo Precision Components (Huizhou) Co., Ltd. (RSPDH)Subject of this transactionVoting rights ownership percentage Before 100% (after not disclosed)
TimelineThe spacing between the points is proportional to the actual number of days.
Target company

Manufacture and sale of optical pickup modules and automotive camera modules

Location 9 and 11 Huifeng East 1st Road, Huihuan Town, Zhongkai High-tech Zone, Huizhou, Guangdong ProvinceShare capital US$79 millionDate of incorporation 20 November 1995 (became a consolidated subsidiary of the Company in December 2024)
Net Sales¥15,210 million (fiscal year ending December 2025)
Net income for the current fiscal year¥850 million (fiscal year ending December 2025)
Net assets¥16,096 million (fiscal year ending December 2025)
Consideration and expenses
Amount of extraordinary income (loss)The Company expects to record an extraordinary loss resulting from the disposal of fixed assets and other factors, although the amount of the impact is still under review (fiscal year ending December 2026)
Impact on Business Performance

The amount of the impact on the Company's consolidated results for the fiscal year ending December 2026 is still under review. The Company will promptly disclose any matters requiring disclosure that arise in the future.

This transaction
ItemDetails
Transaction nameDissolution of Aisuo Precision Components (Huizhou) Co., Ltd. (RSPDH) and discontinuation of plans to enter the automotive camera module business
Name of the Subject CompanyAisuo Precision Components (Huizhou) Co., Ltd. (RSPDH)
Business Description of the Subject CompanyManufacture and sale of optical pickup modules and automotive camera modules
Location of the Subject Company9 and 11 Huifeng East 1st Road, Huihuan Town, Zhongkai High-tech Zone, Huizhou, Guangdong Province
Capital Stock of the Subject CompanyUS$79 million
Date of Establishment of the Subject Company20 November 1995 (became a consolidated subsidiary of the Company in December 2024)
Net Sales of the Subject Company¥15,210 million (fiscal year ending December 2025)
Net Income of the Subject Company¥850 million (fiscal year ending December 2025)
Net Assets of the Subject Company¥16,096 million (fiscal year ending December 2025)
Voting rights ownership percentageBefore 100% (after not disclosed)
Amount of extraordinary income (loss)The Company expects to record an extraordinary loss resulting from the disposal of fixed assets and other factors, although the amount of the impact is still under review (fiscal year ending December 2026)
Impact on Business PerformanceThe amount of the impact on the Company's consolidated results for the fiscal year ending December 2026 is still under review. The Company will promptly disclose any matters requiring disclosure that arise in the future.
Date of board resolution9 October 2026
Execution Date / Effective DateEnd of operations: end of December 2026 (scheduled); commencement of liquidation proceedings: January 2027 (scheduled); completion of liquidation: May 2027 (scheduled)
Items this document does not state (18)
Counterparty nameOperating Profit of the Subject CompanyAcquisition 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 amountContract DateValuation methodologyIndependent valuation institutionSpecial CommitteeConditions Precedent to ExecutionManagement structure after acquisition

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.

Competition in the automotive camera module market has resulted in price competition that is more severe than anticipated, and the Company determined that it would be difficult to secure the level of earnings expected over the medium to long term. The optical pickup business is also facing continued market contraction, and the Company decided not to continue the business in light of its future growth and profitability prospects. The Company determined that concentrating its management resources in areas with higher profitability and growth potential would contribute to improving corporate value over the medium to long term.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Notice Regarding the Dissolution of 艾索精密部件(惠州)有限公司 (RSPDH) and Cancellation of Plans to Enter the Automotive Camera Module Business | RS Technologies Co.,Ltd. (3445) timely disclosure | Komori