This transaction
Dissolution of the subsidiaryImport and sale of Japanese agricultural products and other goods in Malaysia
The impact on consolidated results associated with the dissolution of the consolidated subsidiary is currently under review. The Company will promptly announce any event requiring disclosure.
| Item | Details |
|---|---|
| Transaction name | Dissolution of the subsidiary |
| Name of the Subject Company | FUSIONS TRADING MALAYSIA SDN.BHD. |
| Business Description of the Subject Company | Import and sale of Japanese agricultural products and other goods in Malaysia |
| Location of the Subject Company | Federal Territory of Kuala Lumpur, Malaysia |
| Capital Stock of the Subject Company | MYR 1 million (approximately ¥33 million) |
| Date of Establishment of the Subject Company | September 2024 |
| Net Sales of the Subject Company | ¥11 million (fiscal year ended December 2025) |
| Operating Profit of the Subject Company | −¥90 million (fiscal year ended December 2025; operating loss) |
| Net Income of the Subject Company | −¥90 million (fiscal year ended December 2025; net loss) |
| Net Assets of the Subject Company | −¥82 million (fiscal year ended December 2025) |
| Voting rights ownership percentage | Before 100% (after not disclosed) |
| Impact on Business Performance | The impact on consolidated results associated with the dissolution of the consolidated subsidiary is currently under review. The Company will promptly announce any event requiring disclosure. |
| Date of board resolution | 17 July 2026 |
| Execution Date / Effective Date | Suspension of procurement, sales, and import/export operations: September 2026 (scheduled); completion of liquidation: June 2027 (scheduled) |
Items this document does not state (18)
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.Although the number of customers increased, the subsidiary is expected to diverge significantly from its original business plan due to changes in local purchasing trends, intense competition from products made in other countries and similar products, and soaring logistics costs. The Company states that it resolved to dissolve the subsidiary as part of measures to ensure the achievement of its medium-term management plan.