Full Sale of Equity Interest in Shanghai Sanoh Automotive Piping Co., Ltd. and Exclusion from Consolidation
First written in FY2021-Q2. 7 of 8 entries say "Advanced", first in FY2021-Q3. Latest entry: 2026-07-02.
- 2026-07-02AdvancedGeneral Meetings of Shareholders
「We are also reviewing our business structure, including the decision last year to close our site in Guangzhou, China.」
The decision to close the Guangzhou site was explained as part of the structural review of the China business. - FY2026AdvancedAnnual report
「The loss on liquidation of affiliates for the consolidated fiscal year represented the loss for the current period arising from the decision to dissolve and liquidate Guangzhou SAKURA PIPE CO., LTD., a consolidated subsidiary, and consisted mainly of economic compensation payments to employees and other costs.」
Following the reorganization of overseas subsidiaries in China, Korea and elsewhere, the Guangzhou subsidiary also proceeded to resolutions for dissolution and liquidation. - FY2022AdvancedAnnual report
「株式会社エス・エス・エス ceased to exist through an absorption-type merger in which the Company's consolidated subsidiary 株式会社サンオーコミュニケーションズ was the surviving company, and was therefore excluded from the scope of consolidation during the current consolidated fiscal year. During the same fiscal year, 三櫻（瀋陽）汽車部件有限公司 and Sanoh Korea Co., Ltd. were excluded from the scope of consolidation upon completion of their liquidation.」
In addition to the reorganization of the Chinese and Korean subsidiaries, the consolidation scope was also reorganized through the absorption merger of a domestic subsidiary. - FY2021AdvancedAnnual report
「March 2021: The liquidation proceedings of 三櫻（瀋陽）汽車部件有限公司 were completed; the liquidation proceedings of Sanoh Korea Company Limited were completed」
Following the sale of the equity interest in the Shanghai subsidiary and completion of the liquidation of the Chongqing subsidiary, the liquidation proceedings for the Shenyang and Korean subsidiaries were also completed, further streamlining the overseas subsidiaries. - FY2021-Q3AdvancedAnnual report
「三櫻（重慶）汽車部件有限公司 was excluded from the scope of consolidation during the current third-quarter consolidated accounting period following completion of its liquidation.」
Following the sale of the entire equity interest in 上海三櫻汽車管路有限公司 in the second quarter, the Chongqing subsidiary was also excluded from the scope of consolidation upon completion of its liquidation. The reorganization of the Chinese subsidiaries progressed further. - FY2021-Q2First statedAnnual report
「As all of the Company's equity interest in 上海三桜汽車管路有限公司 was sold during the current second-quarter consolidated accounting period, the company was excluded from the scope of consolidation.」
All of the Company's equity interest in the Chinese company 上海三桜汽車管路有限公司 was sold, and the company was excluded from the scope of consolidation. Investing activities also included an expenditure of ¥63 million for the sale of an equity interest in a subsidiary resulting in a change in the scope of consolidation.