Worth reading
33Immaterial
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Neutral
Direction inferred from the company’s description.Scale
3500
RMB 10,000 (equity conversion and capital increase amount)Wording
Conditional
How definitive the wording is.Debt-to-equity swap of receivables from a consolidated subsidiary
Subject Entity
津田駒機械製造（常熟）有限公司 (consolidated subsidiary)
Target Locations / Products
Changshu, Jiangsu Province, People's Republic of China / Production and sale of water-jet looms
Occurrence13 October 2026 (date of board resolution)
Same dayAwareness or receipt of notice13 October 2026 (date of board resolution; no separate date of recognition or receipt of notification was stated)
This disclosure10/13/2026
Amount of Impact on Business Performance
No impact is expected on consolidated or non-consolidated results (no amount disclosed)
Outlook
The debt-to-equity swap is scheduled to be implemented in late November 2026. Following implementation, the equity ownership ratios are expected to be 91.33% for TSUDAKOMA Corp. and 8.67% for 津田駒機械設備（上海）有限公司.
| Item | Details |
|---|---|
| Event name | Debt-to-equity swap of receivables from a consolidated subsidiary |
| Date of occurrence | 13 October 2026 (date of board resolution) |
| Date recognized / date notice received | 13 October 2026 (date of board resolution; no separate date of recognition or receipt of notification was stated) |
| Subject Entity | 津田駒機械製造（常熟）有限公司 (consolidated subsidiary) |
| Target Locations / Products | Changshu, Jiangsu Province, People's Republic of China / Production and sale of water-jet looms |
| Amount of Impact on Business Performance | No impact is expected on consolidated or non-consolidated results (no amount disclosed) |
| Outlook | The debt-to-equity swap is scheduled to be implemented in late November 2026. Following implementation, the equity ownership ratios are expected to be 91.33% for TSUDAKOMA Corp. and 8.67% for 津田駒機械設備（上海）有限公司. |
Items this document does not state (18)
CauseAccounting period in which recognizedImpact on Earnings ForecastType of litigation or proceedingCourt or authorityPlaintiffDefendantDate of filing / date of actionClaim amount / surcharge amountAmount of receivables at risk of non-collection or delayed collectionSuspended operationsScheduled resumption dateInvestigation structureMeasures to prevent recurrenceDirectors' and officers' liabilityVoting rights ownership percentage before the changeVoting rights ownership percentage after the changePlanned follow-up disclosure
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.The company has not stated the reason for implementing this debt-to-equity swap.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.