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Dissolution and liquidation of a consolidated subsidiaryDisclosing companyTokai Senko K.K.
Date of board resolution24 July 2026
Execution Date / Effective DateThe liquidation is expected to be completed once the procedures required under local law have been completed
Target company
Dyeing and finishing business
Location ThailandShare capital THB 120,000,000Date of incorporation 17 June 1963
Net Sales¥218.127 million (fiscal year ending March 2026)
Operating profitOperating loss of ¥15.466 million (fiscal year ending March 2026)
Net income for the current fiscal yearNet loss of ¥7.924 million (fiscal year ending March 2026)
Net assetsNet assets of ¥131.995 million (fiscal year ending March 2026)
Impact on Business Performance
The impact on consolidated results for the fiscal year ending March 2027 is currently under review. 東海染工 will promptly disclose any information if disclosure becomes necessary.
Procedures and assumptions
Conditions Precedent to ExecutionCompletion of the procedures required under local law
Management structure after acquisition東海染工 will proceed with the disposal of the assets held by the consolidated subsidiary.
| Item | Details |
|---|---|
| Transaction name | Dissolution and liquidation of a consolidated subsidiary |
| Name of the Subject Company | TOKAI DYEING CO.,(THAILAND)LTD |
| Business Description of the Subject Company | Dyeing and finishing business |
| Location of the Subject Company | Thailand |
| Capital Stock of the Subject Company | THB 120,000,000 |
| Date of Establishment of the Subject Company | 17 June 1963 |
| Net Sales of the Subject Company | ¥218.127 million (fiscal year ending March 2026) |
| Operating Profit of the Subject Company | Operating loss of ¥15.466 million (fiscal year ending March 2026) |
| Net Income of the Subject Company | Net loss of ¥7.924 million (fiscal year ending March 2026) |
| Net Assets of the Subject Company | Net assets of ¥131.995 million (fiscal year ending March 2026) |
| Voting rights ownership percentage | Before 98.92% (after not disclosed) |
| Impact on Business Performance | The impact on consolidated results for the fiscal year ending March 2027 is currently under review. 東海染工 will promptly disclose any information if disclosure becomes necessary. |
| Date of board resolution | 24 July 2026 |
| Execution Date / Effective Date | The liquidation is expected to be completed once the procedures required under local law have been completed |
| Conditions Precedent to Execution | Completion of the procedures required under local law |
| Management structure after acquisition | 東海染工 will proceed with the disposal of the assets held by the consolidated subsidiary. |
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.東海染工 explained that the subsidiary had continued to report operating losses and that, after considering the optimization of management resources and greater management efficiency in the Group’s dyeing and finishing business, it decided to dissolve and liquidate the subsidiary.
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