Dissolution and liquidation of a consolidated subsidiary, discontinuation of its businesses, and resulting extraordinary loss
株式会社RIDOStock, a consolidated subsidiary of パス株式会社 (100% owned by the Company)
Market expansion business, talent management, and event planning
RIDOStock has not built its business platform at the pace expected by the Group, and is expected to require considerable additional time and resources before reaching a level at which it can secure a certain amount of earnings. In addition, the Company intends to concentrate management resources on its core businesses with higher growth potential.
The Company expects to record a loss on the liquidation of an affiliate as an extraordinary loss in its non-consolidated financial results for the fiscal year ending March 2026. The amount is currently under review. The impact on consolidated financial results is expected to be immaterial.
Fiscal year ending March 2026 (the Company's non-consolidated financial results)
No information is provided regarding the impact on the earnings forecast. The impact on consolidated financial results is expected to be immaterial.
Related procedures
Dissolution and liquidation proceedings
Company response
RIDOStock's market expansion business, talent management, and event planning operations will be discontinued on 31 March 2026.
RIDOStock will be dissolved and its businesses discontinued on 31 March 2026. The liquidation proceedings are scheduled to be completed in the second quarter of the fiscal year ending March 2027. The Company will reallocate the management resources released to growth areas with higher profitability and work to improve capital efficiency across the Group and maximise corporate value over the medium to long term.
| Item | Details |
|---|---|
| Event name | Dissolution and liquidation of a consolidated subsidiary, discontinuation of its businesses, and resulting extraordinary loss |
| Date of occurrence | 26 March 2026 (date of board resolution) |
| Subject Entity | 株式会社RIDOStock, a consolidated subsidiary of パス株式会社 (100% owned by the Company) |
| Target Locations / Products | Market expansion business, talent management, and event planning |
| Cause | RIDOStock has not built its business platform at the pace expected by the Group, and is expected to require considerable additional time and resources before reaching a level at which it can secure a certain amount of earnings. In addition, the Company intends to concentrate management resources on its core businesses with higher growth potential. |
| Amount of Impact on Business Performance | The Company expects to record a loss on the liquidation of an affiliate as an extraordinary loss in its non-consolidated financial results for the fiscal year ending March 2026. The amount is currently under review. The impact on consolidated financial results is expected to be immaterial. |
| Accounting period in which recognized | Fiscal year ending March 2026 (the Company's non-consolidated financial results) |
| Impact on Earnings Forecast | No information is provided regarding the impact on the earnings forecast. The impact on consolidated financial results is expected to be immaterial. |
| Type of litigation or proceeding | Dissolution and liquidation proceedings |
| Suspended operations | RIDOStock's market expansion business, talent management, and event planning operations will be discontinued on 31 March 2026. |
| Outlook | RIDOStock will be dissolved and its businesses discontinued on 31 March 2026. The liquidation proceedings are scheduled to be completed in the second quarter of the fiscal year ending March 2027. The Company will reallocate the management resources released to growth areas with higher profitability and work to improve capital efficiency across the Group and maximise corporate value over the medium to long term. |
Items this document does not state (14)
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.RIDOStock has not been able to build its business platform at the pace expected by the Company, and is expected to require considerable additional time and resources before it can secure a certain level of earnings. As part of the restructuring of its business portfolio, the Company considers concentrating management resources on its core businesses with higher growth potential to be a proactive decision that will contribute to maximising profits across the Group.