Worth reading
38Recurring
Scored from 4 of 5 sectionsDirection
Deterioration
Direction inferred from the company’s description.Scale
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How definitive the wording is.This transaction
Dissolution of an overseas subsidiaryDisclosing companyDUSKIN CO.,LTD.
TimelineThe spacing between the points is proportional to the actual number of days.White points represent dates designated as scheduled dates in the document.
Target company
Rental, sale and export of cleaning equipment
Location Minhang District, ShanghaiShare capital ¥71.5 millionDate of incorporation 19 November 2006
Net Sales¥382 million (fiscal year ended December 2025)
Operating profit¥61 million operating loss (fiscal year ended December 2025)
Net income for the current fiscal year¥62 million net loss (fiscal year ended December 2025)
Net assets¥52 million (fiscal year ended December 2025)
Impact on Business Performance
The impact of this matter on consolidated results is expected to be immaterial.
Procedures and assumptions
Conditions Precedent to ExecutionUpon completion of the procedures required under local laws and regulations
Management structure after acquisitionLiquidation completion scheduled for August 2027 (予定). Changes to the trade name, representative and treatment of employees: Not disclosed
| Item | Details |
|---|---|
| Transaction name | Dissolution of an overseas subsidiary |
| Name of the Subject Company | 乐清（上海）清洁用具租赁有限公司 |
| Business Description of the Subject Company | Rental, sale and export of cleaning equipment |
| Location of the Subject Company | Minhang District, Shanghai |
| Capital Stock of the Subject Company | ¥71.5 million |
| Date of Establishment of the Subject Company | 19 November 2006 |
| Net Sales of the Subject Company | ¥382 million (fiscal year ended December 2025) |
| Operating Profit of the Subject Company | ¥61 million operating loss (fiscal year ended December 2025) |
| Net Income of the Subject Company | ¥62 million net loss (fiscal year ended December 2025) |
| Net Assets of the Subject Company | ¥52 million (fiscal year ended December 2025) |
| Voting rights ownership percentage | Before 100% (after not disclosed) |
| Impact on Business Performance | The impact of this matter on consolidated results is expected to be immaterial. |
| Date of board resolution | 23 July 2026 |
| Execution Date / Effective Date | Liquidation completion scheduled for August 2027 (予定) |
| Conditions Precedent to Execution | Upon completion of the procedures required under local laws and regulations |
| Management structure after acquisition | Liquidation completion scheduled for August 2027 (予定). Changes to the trade name, representative and treatment of employees: Not disclosed |
Items this document does not state (16)
Counterparty nameAcquisition priceExpenses other than the acquisition priceType of ConsiderationMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodNumber of shares acquiredFunding 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.Changes in China's market environment since the COVID-19 pandemic increased customer companies' focus on cost reduction, resulting in a rise in cancellations. From the perspectives of future growth potential and investment efficiency, the Company determined that it would be difficult to significantly expand its dust-control rental business in Shanghai, China.
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