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Dissolution and liquidation of overseas consolidated subsidiariesDisclosing companyDaio Paper Corporation
Date of board resolution17 July 2026
Execution Date / Effective DateThe liquidation is expected to be completed as soon as the necessary procedures under local laws and regulations have been completed. The specific date has not been determined.
Target company
Import and sale of disposable paper diapers, etc., Manufacture of disposable paper diapers, etc.
Location Bekasi International Industrial Estate, Jl. Raya Inti Lippo Cikarang, Blok C2 No.1, Cikarang Selatan, Bekasi, Indonesia, Bekasi International Industrial Estate, Jl. Raya Inti Lippo Cikarang, Blok C2 No.1, Cikarang Selatan, Bekasi, IndonesiaShare capital IDR 1,698 billion, IDR 806.7 billionDate of incorporation 25 March 2013, 27 November 2014
Net SalesIDR 6.1 billion (fiscal year ended December 2025), IDR 16.5 billion (fiscal year ended December 2025)
Net income for the current fiscal yearNet loss of IDR 21 billion (fiscal year ended December 2025), Net loss of IDR 30 billion (fiscal year ended December 2025)
Net assetsIDR 46.6 billion (fiscal year ended December 2025), IDR 114.5 billion (fiscal year ended December 2025)
Impact on Business Performance
If any matter requiring disclosure arises in the future concerning the impact of this matter on consolidated results, the Company will promptly make an announcement.
Procedures and assumptions
Conditions Precedent to ExecutionCompletion of the procedures required under local laws and regulations
Management structure after acquisitionDissolution and liquidation. The representative, corporate name and treatment of employees after the dissolution and liquidation: not disclosed
| Item | Details |
|---|---|
| Transaction name | Dissolution and liquidation of overseas consolidated subsidiaries |
| Name of the Subject Company | PT. Elleair International Trading Indonesia, PT. Elleair International Manufacturing Indonesia |
| Business Description of the Subject Company | Import and sale of disposable paper diapers, etc., Manufacture of disposable paper diapers, etc. |
| Location of the Subject Company | Bekasi International Industrial Estate, Jl. Raya Inti Lippo Cikarang, Blok C2 No.1, Cikarang Selatan, Bekasi, Indonesia, Bekasi International Industrial Estate, Jl. Raya Inti Lippo Cikarang, Blok C2 No.1, Cikarang Selatan, Bekasi, Indonesia |
| Capital Stock of the Subject Company | IDR 1,698 billion, IDR 806.7 billion |
| Date of Establishment of the Subject Company | 25 March 2013, 27 November 2014 |
| Net Sales of the Subject Company | IDR 6.1 billion (fiscal year ended December 2025), IDR 16.5 billion (fiscal year ended December 2025) |
| Net Income of the Subject Company | Net loss of IDR 21 billion (fiscal year ended December 2025), Net loss of IDR 30 billion (fiscal year ended December 2025) |
| Net Assets of the Subject Company | IDR 46.6 billion (fiscal year ended December 2025), IDR 114.5 billion (fiscal year ended December 2025) |
| Impact on Business Performance | If any matter requiring disclosure arises in the future concerning the impact of this matter on consolidated results, the Company will promptly make an announcement. |
| Date of board resolution | 17 July 2026 |
| Execution Date / Effective Date | The liquidation is expected to be completed as soon as the necessary procedures under local laws and regulations have been completed. The specific date has not been determined. |
| Conditions Precedent to Execution | Completion of the procedures required under local laws and regulations |
| Management structure after acquisition | Dissolution and liquidation. The representative, corporate name and treatment of employees after the dissolution and liquidation: not disclosed |
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 acquiredVoting rights ownership percentageFunding 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.The market environment has changed dramatically due to intensifying price competition and soaring global energy and material prices, among other factors. As these uncertain conditions are expected to continue, the Company determined that it would be difficult to continue the businesses. The Company also comprehensively considered the feasibility of a sale of the companies and the continuity of the businesses, and states that it aims to improve its financial position through the withdrawal.
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