Dissolution and liquidation of a Malaysian manufacturing subsidiary
First written in FY2025. 4 of 5 entries say "Advanced", first in FY2026-H1. Latest entry: 2026-08-10.
No other company in this theme has enough history to compare yet.
- FY2026-H1AdvancedAnnual report
「In Malaysia, Tigers Polymer (Malaysia) Sdn. Bhd., the Company's consolidated subsidiary, reported lower revenue and profit because it is reducing the scale of its operations toward liquidation.」
Reports that the Malaysian subsidiary is scaling back its operations in preparation for the dissolution and liquidation resolved in FY2025. - FY2025First statedAnnual report
「At a meeting of the Board of Directors held on 9 April 2025, the Company resolved to dissolve and liquidate its consolidated subsidiary Tigers Polymer (Malaysia) Sdn. Bhd. (TSM). … As sales continue to contract due to the miniaturization of home appliances, the Company decided to dissolve and liquidate the company after considering business rationality and management efficiency across the Group as a whole.」
Against a backdrop of shrinking sales due to the miniaturization of home appliances, this is the first mention of a policy to dissolve and liquidate the Malaysian hose-manufacturing subsidiary. The timing of completion of the liquidation is undecided, and the impact on consolidated earnings is described as immaterial.