Suspension of Operations at SUZHOU FDK and Company Liquidation
First written in FY2019-Q3. 2 of 6 entries say "Advanced", first in FY2019. Latest entry: FY2022.
0 other companies' latest entry also says "Cited as achieved".
- FY2022Cited as achievedAnnual report
「During the fiscal year, the liquidation procedures for SUZHOU FDK CO., LTD. were completed.」
The completion of SUZHOU FDK's liquidation was reconfirmed, and a ¥459 million gain on liquidation of an affiliated company was recorded in connection with the completion of the liquidation during the year. - FY2022-Q1Cited as achievedAnnual report
「This arose in connection with the completion of the liquidation of our consolidated subsidiary, SHUZHOU FDK CO., LTD.」
A gain on liquidation of an affiliated company of ¥459 million was recorded in connection with the completion of the liquidation of SUZHOU FDK, and the liquidation, which had already been completed, was recognized as an extraordinary gain for the quarter. - FY2021AchievedAnnual report
「The liquidation procedures for SUZHOU FDK CO., LTD. were completed on 18 May 2021.」
The Company stated that the liquidation of SUZHOU FDK, which had continued after the shutdown of operations, was completed on 18 May 2021. - FY2020-Q2AdvancedAnnual report
「As measures to advance structural reform of the Electronics business, the Company completed the transfer of part of the Electronics business, commenced the liquidation of a consolidated subsidiary and transferred its interest in an equity-method affiliate.」
Following completion of the transfer of part of the Electronics business, the Company commenced liquidation of a consolidated subsidiary and transferred its interest in an equity-method affiliate, indicating progress in structural reform of the business. - FY2019AdvancedAnnual report
「During the fiscal year, consolidated subsidiary SUZHOU FDK CO., LTD. suspended operations. Although the number of employees decreased by 414 from the end of the previous fiscal year, this was primarily due to the shutdown of operations in preparation for the liquidation of SUZHOU FDK CO., LTD.」
The shutdown of SUZHOU FDK's operations had been completed, resulting in a decrease in employees in preparation for liquidation and a ¥621 million loss on liquidation of the subsidiary. The liquidation itself was stated to remain ongoing. - FY2019-Q3First statedAnnual report
「The Company recorded an extraordinary loss of ¥637 million as loss on liquidation of a subsidiary, including economic compensation for employees, in connection with the liquidation of consolidated subsidiary SUZHOU FDK CO., LTD. following the shutdown of its operations.」
For Chinese consolidated subsidiary SUZHOU FDK, the response to the liquidation of the company following the shutdown of operations and the recognition of economic compensation for employees can be confirmed for the first time as a standalone topic.