Deteriorating Performance at the Thai Subsidiary and the Dissolution and Liquidation of Nexus Elekemik Co., Ltd.
First written in FY2017-Q1. 7 of 15 entries say "Restated". Latest entry: FY2020-Q3.
The whole theme swung hardest in 2024: 2 of 11 companies on the "Worse" side.
2 other companies' latest entry also says "Cited as achieved".
- FY2020-Q3Cited as achievedAnnual report
「A gain on liquidation of a subsidiary of ¥74 million was recognized following the completion of the liquidation of the overseas Thai subsidiary ネクサス・エレケミック社.」
Following completion of the liquidation of ネクサス・エレケミック社, a ¥74 million gain on liquidation of the subsidiary was recognized. - FY2020-Q2AchievedAnnual report
「As ネクサス・エレケミック CO., LTD. completed its liquidation during the current second-quarter consolidated accounting period, it has been excluded from the scope of consolidation.」
The previously anticipated liquidation of ネクサス・エレケミック社 was completed, and the company was excluded from the scope of consolidation. - FY2020-Q1AdvancedAnnual report
「The overseas Thai subsidiary ネクサス・エレケミック社 had been proceeding with legal procedures for liquidation, but an investigation by the Thai tax authorities has also been completed, and the liquidation is now expected to be completed in the second quarter.」
The investigation by the Thai tax authorities has been completed, and the expected timing for completion of the liquidation has been specified as the second quarter. - FY2019AdvancedAnnual report
「The overseas Thai subsidiary ネクサス・エレケミック社 had been proceeding with legal procedures for liquidation, but an audit by the Thai tax authorities has also been completed, and the liquidation is now expected to be completed in the next fiscal year.」
The audit by the Thai tax authorities has been completed, and the liquidation of ネクサス・エレケミック社 is expected to be completed in the next fiscal year. - FY2019-Q3RestatedAnnual report
「The overseas Thai subsidiary ネクサス・エレケミック社 is proceeding with legal procedures for liquidation, but the impact of the liquidation on consolidated results is expected to be minor.」
The legal liquidation procedures for ネクサス・エレケミック社 and the explanation that the impact on consolidated results will be minor continue. - FY2019-Q2RestatedAnnual report
「The overseas Thai subsidiary ネクサス・エレケミック社 had been proceeding with legal procedures for liquidation and is now expected to complete the liquidation during the current fiscal year. The impact of the liquidation on consolidated results is expected to be minor.」
The explanation that liquidation of ネクサス・エレケミック社 is expected to be completed during the current fiscal year and will have a minor impact on consolidated results continues. - FY2019-Q1AdvancedAnnual report
「The overseas Thai subsidiary ネクサス・エレケミック社 had been proceeding with legal procedures for liquidation and is now expected to complete the liquidation during the current fiscal year. The impact of the liquidation on consolidated results is expected to be minor.」
Specific progress was reported on the liquidation of ネクサス・エレケミック社, with completion expected during the current fiscal year. - FY2018RestatedAnnual report
「ネクサス・エレケミック社 is proceeding with legal procedures for liquidation, but the impact of the liquidation on consolidated results is expected to be minor.」
Legal liquidation procedures for ネクサス・エレケミック社 are continuing, and the impact on consolidated results is described as minor. - FY2018-Q3RestatedAnnual report
「ネクサス・エレケミック社 is proceeding with legal procedures for liquidation, but the impact of the liquidation on consolidated results is expected to be minor.」
Legal liquidation procedures for ネクサス・エレケミック社 are continuing, and the impact on consolidated results is described as minor. - FY2018-Q2RestatedAnnual report
「ネクサス・エレケミック社 is proceeding with legal procedures for liquidation, but the impact of the liquidation on consolidated results is expected to be minor.」
Legal liquidation procedures for ネクサス・エレケミック社 are continuing, and the impact on consolidated results is described as minor. - FY2018-Q1RestatedAnnual report
「ネクサス・エレケミック社 has begun legal procedures for liquidation, but the impact of the liquidation on consolidated results is expected to be minor, as negative factors, including impairment losses on fixed assets and personnel reductions, have already been recognized.」
Legal liquidation procedures following the cessation of operations at ネクサス・エレケミック社 are continuing, and the impact on consolidated results is described as minor. - FY2017RestatedAnnual report
「ネクサス・エレケミック社 had already ceased operations in December 2016 and begun legal procedures for liquidation. The impact of the liquidation on consolidated results is expected to be minor, as negative factors, including impairment losses on fixed assets and personnel reductions, had already been recognized in the previous and the preceding fiscal years.」
The cessation of operations and legal liquidation procedures for ネクサス・エレケミック社 are continuing, and the impact on consolidated results is described as minor. - FY2017-Q3AdvancedAnnual report
「As already disclosed on 4 July 2016, ネクサス・エレケミック社 resolved at a meeting of the Board of Directors held on that day to dissolve and liquidate the company and had been proceeding with liquidation procedures. It ceased operations in December of that year and began legal procedures.」
ネクサス・エレケミック社 ceased operations in December and began legal procedures for dissolution and liquidation. The completion of the liquidation is not stated. - FY2017-Q2AdvancedAnnual report
「Following negotiations with each customer, the company reached a point where dissolution is expected by December of this year. The impact of the liquidation on consolidated results is expected to be minor, as negative factors, including impairment losses on fixed assets, had already been recognized in the previous and the preceding fiscal years.」
Following negotiations with each customer, a target of dissolution in December was established for ネクサス・エレケミック社. The impact of the liquidation on consolidated results is expected to be minor. - FY2017-Q1MaterialisedAnnual report
「Having determined that a recovery in the electroplating business was unlikely, we resolved at the same day’s board meeting to dissolve and liquidate the company. Procedures for the liquidation have now begun.」
The company began dissolution and liquidation procedures for a subsidiary that had incurred operating losses amid the withdrawal of a major user and weak PC demand, after determining that a recovery in performance was unlikely.