Worth reading
20Immaterial
Scored from 4 of 5 sectionsDirection
Neutral
Direction inferred from the company’s description.Scale
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Displayed only when the document provides numerical figures.Wording
Conditional
How definitive the wording is.This transaction
Dissolution of a Korean subsidiaryDisclosing companyFUTABA CORPORATION
TimelineThe spacing between the points is proportional to the actual number of days.
Target company
Manufacture and sale of production equipment products
Location Incheon Metropolitan City, South KoreaShare capital KRW 890 millionDate of incorporation 20 December 2000 (joined our Group on 31 August 2017)
Impact on Business Performance
The impact of this matter on our financial results is currently under review.
Procedures and assumptions
Conditions Precedent to ExecutionCompletion of the necessary procedures in accordance with local laws and regulations
| Item | Details |
|---|---|
| Transaction name | Dissolution of a Korean subsidiary |
| Name of the Subject Company | 原振精工 Co., Ltd. |
| Business Description of the Subject Company | Manufacture and sale of production equipment products |
| Location of the Subject Company | Incheon Metropolitan City, South Korea |
| Capital Stock of the Subject Company | KRW 890 million |
| Date of Establishment of the Subject Company | 20 December 2000 (joined our Group on 31 August 2017) |
| Impact on Business Performance | The impact of this matter on our financial results is currently under review. |
| Date of board resolution | 7 August 2026 |
| Execution Date / Effective Date | Resolution to dissolve by the subsidiary: November 2026 (scheduled); completion of liquidation: February 2027 (scheduled) |
| Conditions Precedent to Execution | Completion of the necessary procedures in accordance with local laws and regulations |
Items this document does not state (22)
Counterparty nameNet Sales of the Subject CompanyOperating Profit of the Subject CompanyNet Income of the Subject CompanyNet Assets of the Subject CompanyAcquisition priceExpenses other than the acquisition priceType of ConsiderationMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodNumber of shares acquiredVoting rights ownership percentageFunding 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 explained that 原振精工 Co., Ltd. has already ceased operations and that, after comprehensively considering its future prospects, it decided to dissolve the company.
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