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Dissolution of Chinese subsidiaryDisclosing companyFUTABA CORPORATION
TimelineThe spacing between the points is proportional to the actual number of days.
Target company
Sale of electronic equipment products
Location Room 418, No. 473 Fute West 1st Road, China (Shanghai) Pilot Free Trade ZoneShare capital CNY 1.655 millionDate of incorporation 22 June 2001
Net SalesCNY 1.594 million (fiscal year ended March 2026)
Operating profitOperating loss of CNY 3.645 million (fiscal year ended March 2026)
Net income for the current fiscal yearNet income of CNY 9.278 million (fiscal year ended March 2026)
Net assetsNet assets of negative CNY 404 thousand (fiscal year ended March 2026)
Impact on Business Performance
The impact is currently under review. The Company will promptly disclose any matters that require disclosure in the future.
Procedures and assumptions
Conditions Precedent to ExecutionLiquidation is scheduled to be completed once the necessary procedures under local laws and regulations have been completed.
| Item | Details |
|---|---|
| Transaction name | Dissolution of Chinese subsidiary |
| Name of the Subject Company | 富得巴国際貿易(上海)有限公司 |
| Business Description of the Subject Company | Sale of electronic equipment products |
| Location of the Subject Company | Room 418, No. 473 Fute West 1st Road, China (Shanghai) Pilot Free Trade Zone |
| Capital Stock of the Subject Company | CNY 1.655 million |
| Date of Establishment of the Subject Company | 22 June 2001 |
| Net Sales of the Subject Company | CNY 1.594 million (fiscal year ended March 2026) |
| Operating Profit of the Subject Company | Operating loss of CNY 3.645 million (fiscal year ended March 2026) |
| Net Income of the Subject Company | Net income of CNY 9.278 million (fiscal year ended March 2026) |
| Net Assets of the Subject Company | Net assets of negative CNY 404 thousand (fiscal year ended March 2026) |
| Voting rights ownership percentage | Before 100% (after not disclosed) |
| Impact on Business Performance | The impact is currently under review. The Company will promptly disclose any matters that require disclosure in the future. |
| Date of board resolution | 20 May 2026 |
| Execution Date / Effective Date | 31 December 2026 (scheduled cessation of operations); end of June 2027 (scheduled completion of liquidation) |
| Conditions Precedent to Execution | Liquidation is scheduled to be completed once the necessary procedures under local laws and regulations have been completed. |
Items this document does not state (17)
Counterparty nameAcquisition priceExpenses other than the acquisition priceType of ConsiderationMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodNumber of shares acquiredFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Contract DateValuation methodologyIndependent valuation institutionSpecial CommitteeManagement structure after acquisition
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 will reorganize its locations because the scale of sales has declined following the discontinuation of businesses including fluorescent display tubes and out-cell touch sensors.
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