Completion of the liquidation of a consolidated subsidiary and recognition of an extraordinary loss in the non-consolidated financial statements
TN ASIA PTE. LTD. (a consolidated subsidiary wholly owned by TSUBAKI NAKASHIMA CO.,LTD.)
Singapore (TN ASIA PTE. LTD.)
Review of the capital investment structure
Approximately ¥1.5 billion (non-consolidated financial statements; loss on extinguishment of shares in a subsidiary, recognized as an extraordinary loss)
Non-consolidated financial statements for the fiscal year ending December 2026
The impact on consolidated results is expected to be minor because the amount will be eliminated in the consolidated financial statements.
Related procedures
Liquidation proceedings
Company response
Closure of TN ASIA PTE. LTD.
The company expects to recognize a loss on extinguishment of shares in a subsidiary of approximately ¥1.5 billion as an extraordinary loss in its non-consolidated financial statements for the fiscal year ending December 2026.
| Item | Details |
|---|---|
| Event name | Completion of the liquidation of a consolidated subsidiary and recognition of an extraordinary loss in the non-consolidated financial statements |
| Date of occurrence | 7 April 2026 (date liquidation was completed) |
| Subject Entity | TN ASIA PTE. LTD. (a consolidated subsidiary wholly owned by TSUBAKI NAKASHIMA CO.,LTD.) |
| Target Locations / Products | Singapore (TN ASIA PTE. LTD.) |
| Cause | Review of the capital investment structure |
| Amount of Impact on Business Performance | Approximately ¥1.5 billion (non-consolidated financial statements; loss on extinguishment of shares in a subsidiary, recognized as an extraordinary loss) |
| Accounting period in which recognized | Non-consolidated financial statements for the fiscal year ending December 2026 |
| Impact on Earnings Forecast | The impact on consolidated results is expected to be minor because the amount will be eliminated in the consolidated financial statements. |
| Type of litigation or proceeding | Liquidation proceedings |
| Suspended operations | Closure of TN ASIA PTE. LTD. |
| Outlook | The company expects to recognize a loss on extinguishment of shares in a subsidiary of approximately ¥1.5 billion as an extraordinary loss in its non-consolidated financial statements for the fiscal year ending December 2026. |
Items this document does not state (14)
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.TN ASIA PTE. LTD. will be closed and liquidated as part of a review of the capital investment structure.