Restructuring of Chinese operations through the dissolution and liquidation of YAMASHIN FILTER(SIP) TECHNOLOGY INC.
First written in FY2025-H1. 2 of 3 entries say "Advanced", first in FY2025. Latest entry: FY2026-H1.
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- FY2026-H1AdvancedAnnual report
「We had been carrying out liquidation procedures for the new Chinese subsidiary established in the fiscal year ending March 2025. Upon completion of the liquidation, we recognized the ¥4,266 thousand difference between the estimated amount recorded and the actual amount recorded as a reversal of business-structure reform expenses, included in extraordinary income.」
Regarding the restructuring of the Chinese operations, the filing states that the liquidation procedures for the successor Chinese subsidiary have been completed. - FY2025AdvancedAnnual report
「During the current consolidated fiscal year, we recognized ¥232,515 thousand in expenses and losses arising from business-structure reforms at our China and Belgium bases as business-structure reform expenses included in extraordinary loss.」
Regarding business-structure reform following the decision to dissolve and liquidate the Chinese operations, ¥232.515 million in reform expenses, including those for the Belgian operations, has been recorded, indicating progress toward implementation. - FY2025-H1First statedAnnual report
「At a Board of Directors meeting held on 13 September 2024, the Company decided to dissolve and liquidate its overseas subsidiary, YAMASHIN FILTER(SIP) TECHNOLOGY INC.」
Regarding the consolidated subsidiary in Suzhou, China, the business environment deteriorated due to a slowdown in economic activity caused by the real estate downturn, with no prospect of recovery. Accordingly, the Company decided to dissolve and liquidate the subsidiary as part of business-structure reform aimed at improving management efficiency. The timing of completion of the liquidation has not been determined, and the Company plans to establish a new company in China to continue sales to customers after the subsidiary ceases its business activities. Dissolution-related costs and other expenses of ¥122.667 million have been recorded as business-structure reform expenses.