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Dissolution and liquidation of a consolidated subsidiaryDisclosing companyKOA CORPORATION
Date of board resolution29 May 2026
Execution Date / Effective DateThe specific timing of completion of the liquidation has not been determined as of the present date.
Target company
Development, manufacture and sale of LTCC multilayer substrates and other products
Location Thuringia, GermanyShare capital EUR 455,556 (as of 29 May 2026)Date of incorporation 10 October 1997
Net SalesEUR 747 thousand (fiscal year ended March 2026)
Operating profitOperating loss of EUR 2,062 thousand (fiscal year ended March 2026)
Net income for the current fiscal yearNet loss of EUR 2,075 thousand (fiscal year ended March 2026)
Net assetsNet assets of EUR 1,086 thousand (fiscal year ended March 2026)
Impact on Business Performance
The impact of this matter on consolidated results for the current fiscal year is expected to be immaterial.
Procedures and assumptions
Conditions Precedent to ExecutionCommencement of dissolution and liquidation procedures in accordance with local laws
| Item | Details |
|---|---|
| Transaction name | Dissolution and liquidation of a consolidated subsidiary |
| Name of the Subject Company | VIA electronic GmbH |
| Business Description of the Subject Company | Development, manufacture and sale of LTCC multilayer substrates and other products |
| Location of the Subject Company | Thuringia, Germany |
| Capital Stock of the Subject Company | EUR 455,556 (as of 29 May 2026) |
| Date of Establishment of the Subject Company | 10 October 1997 |
| Net Sales of the Subject Company | EUR 747 thousand (fiscal year ended March 2026) |
| Operating Profit of the Subject Company | Operating loss of EUR 2,062 thousand (fiscal year ended March 2026) |
| Net Income of the Subject Company | Net loss of EUR 2,075 thousand (fiscal year ended March 2026) |
| Net Assets of the Subject Company | Net assets of EUR 1,086 thousand (fiscal year ended March 2026) |
| Voting rights ownership percentage | Before 100% (including 90.00% held indirectly) (after not disclosed) |
| Impact on Business Performance | The impact of this matter on consolidated results for the current fiscal year is expected to be immaterial. |
| Date of board resolution | 29 May 2026 |
| Execution Date / Effective Date | The specific timing of completion of the liquidation has not been determined as of the present date. |
| Conditions Precedent to Execution | Commencement of dissolution and liquidation procedures in accordance with local laws |
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 decision was made in light of a comprehensive assessment of the Group's overall management efficiency and future business strategy while reviewing the business portfolio and optimizing the allocation of management resources in line with the policies of the 2027 Medium-Term Management Plan.
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