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How definitive the wording is.This transaction
Liquidation of a Specified SubsidiaryDisclosing companyHI-LEX CORPORATION
Execution Date / Effective Date22 September 2026 (liquidation completion date)
Target company
Manufacture and sale of control cables for automobiles and window regulators
Location Barcelona, Catalonia, SpainShare capital €3,000Date of incorporation May 2016
Impact on Business Performance
The impact of this matter on consolidated full-year results for the fiscal year ending October 2026 is currently under review. If it becomes necessary to revise our earnings forecast, we will announce this promptly.
| Item | Details |
|---|---|
| Transaction name | Liquidation of a Specified Subsidiary |
| Name of the Subject Company | HI-LEX AUTO PARTS SPAIN, S.L. |
| Business Description of the Subject Company | Manufacture and sale of control cables for automobiles and window regulators |
| Location of the Subject Company | Barcelona, Catalonia, Spain |
| Capital Stock of the Subject Company | €3,000 |
| Date of Establishment of the Subject Company | May 2016 |
| Impact on Business Performance | The impact of this matter on consolidated full-year results for the fiscal year ending October 2026 is currently under review. If it becomes necessary to revise our earnings forecast, we will announce this promptly. |
| Execution Date / Effective Date | 22 September 2026 (liquidation completion date) |
Items this document does not state (24)
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)Date of board resolutionContract DateValuation methodologyIndependent valuation institutionSpecial CommitteeConditions Precedent to ExecutionManagement 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 liquidation proceedings announced on 1 August 2025 were being carried out, and completion of the liquidation of the subsidiary concerned has now been confirmed. The impact on financial results is currently under review.
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