Dissolution and Liquidation of Shanghai Subsidiary
First written in FY2023-Q3. 2 of 5 entries say "Restated". Latest entry: FY2025-H1.
50 other companies' latest entry also says "Achieved".
- FY2025-H1AchievedAnnual report
「During the current interim consolidated fiscal period, 野澤貿易（上海）有限公司 completed its liquidation and was excluded from the scope of consolidation.」
The liquidation proceedings for the Shanghai subsidiary were completed, resulting in its exclusion from the scope of consolidation. - FY2024-Q3RestatedAnnual report
「At a meeting of its Board of Directors held on 5 September 2022, the company resolved to dissolve its consolidated subsidiary 野澤貿易（上海）有限公司. The company is currently undergoing liquidation proceedings.」
The company reconfirmed that the Shanghai subsidiary remains in liquidation proceedings following the resolution to dissolve it in September 2022. - FY2024-Q1RestatedAnnual report
「At a meeting of its Board of Directors held on 5 September 2022, the company resolved to dissolve its consolidated subsidiary 野澤貿易（上海）有限公司. The company is currently undergoing liquidation proceedings.」
The company reconfirmed that the Shanghai subsidiary remains in liquidation proceedings following the resolution to dissolve it in September 2022. - FY2023AdvancedAnnual report
「With respect to the consolidated subsidiary 野澤貿易（上海）有限公司, which sells extruded cement products in China, the company resolved to dissolve it in September 2022 in response to worsening business conditions caused by stagnation in the Chinese economy and construction market. The company is currently undergoing liquidation.」
Following the resolution to dissolve it, the Shanghai subsidiary has been undergoing liquidation proceedings, and the company recorded a ¥36 million loss on liquidation of an affiliated company in the current fiscal year. - FY2023-Q3First statedAnnual report
「The company resolved at a meeting of its Board of Directors held on 5 September 2022 to dissolve its consolidated subsidiary 野澤貿易（上海）有限公司. The company is currently undergoing liquidation proceedings.」
With respect to 野澤貿易（上海）有限公司, the company resolved to dissolve it on 5 September 2022, and liquidation proceedings were ongoing as of the end of the current quarter. For the cumulative third quarter, the company recorded a loss on liquidation of an affiliated company of ¥32,115 thousand and an expense for the provision for liquidation losses of ¥24,300 thousand.