Deconsolidation following the liquidation of CUBE INTERNATIONAL INC.
First written in FY2022. 5 of 7 entries say "Restated". Latest entry: FY2026-H1.
The whole theme swung hardest in 2025: 2 of 24 companies on the "Worse" side.
- FY2026-H1RestatedAnnual report
「We do not prepare interim consolidated financial statements because we have no subsidiaries.」
The company continues to disclose that it has no subsidiaries and therefore does not prepare interim consolidated financial statements. - FY2025AdvancedAnnual report
「(Affiliates) IllumiVista Co.,Limited, Hong Kong Special Administrative Region of the People’s Republic of China, subsidiary management, 50.0% / MARK&LONA(BEIJING) COMMERCIAL AND DEVELOPMENT CO., LTD., retail and wholesale of MARK&LONA brand products in China, 50.0% (indirect ownership)」
The company moved from having no subsidiaries to having a Chinese joint venture and an affiliate of that joint venture, which are specifically disclosed as affiliates. - FY2025-H1RestatedAnnual report
「We do not prepare interim consolidated financial statements because we have no subsidiaries.」
The company continues to disclose that it has no subsidiaries and therefore does not prepare interim consolidated financial statements. - FY2024RestatedAnnual report
「In the 27th fiscal year, we resolved at a Board of Directors meeting held on 16 July 2020 to dissolve and liquidate CUBE INTERNATIONAL INC., which had been a consolidated subsidiary. Because all stores, employees, inventory, and other assets related to the subsidiary had been disposed of by the end of the 27th fiscal year and dissolution procedures were completed on 28 December 2020, we have not prepared consolidated financial statements since the 28th fiscal year.」
Following completion of the liquidation of CUBE INTERNATIONAL INC., the company continues to prepare unconsolidated, standalone financial statements. - FY2024-H1RestatedAnnual report
「We do not prepare interim consolidated financial statements because we have no subsidiaries.」
The company continues to disclose that it has no subsidiaries and therefore does not prepare interim consolidated financial statements. - FY2024-Q1RestatedAnnual report
「Because the Company has no subsidiaries, it does not prepare quarterly consolidated financial statements.」
The company has no subsidiaries and therefore does not prepare quarterly consolidated financial statements. - FY2022First statedAnnual report
「At a Board of Directors meeting held on 16 July 2020, we resolved to dissolve and liquidate CUBE INTERNATIONAL INC., which had been a consolidated subsidiary. By the end of the 27th fiscal year, all stores, employees, inventory, and other assets related to the subsidiary had been disposed of, and dissolution procedures were completed by the subsidiary on 28 December 2020.」
The company has not prepared consolidated financial statements since the 28th fiscal year following completion of the dissolution and liquidation of its U.S. subsidiary.