Waiver of Receivables by a Consolidated Subsidiary from a Sub-subsidiary
株式会社サマンサタバサジャパンリミテッド (STJ, a consolidated subsidiary of the Company) and Samantha Thavasa China Limited (STC, a second-tier subsidiary of the Company)
To liquidate STC, a substantially dormant company, as part of support aimed at optimizing management resources and improving STJ's management efficiency
The amount of the receivable waiver is HK$47,205,918.46. An allowance for doubtful accounts was recognized in prior years, and the impact on STJ's standalone results is immaterial, with no impact on consolidated results.
The entire receivable will be waived in order to liquidate STC. Timing of the liquidation: Not disclosed.
| Item | Details |
|---|---|
| Event name | Waiver of Receivables by a Consolidated Subsidiary from a Sub-subsidiary |
| Date of occurrence | 29 September 2026 (date the receivable waiver was implemented) |
| Date recognized / date notice received | 29 September 2026 (date of the STJ Board of Directors resolution) |
| Subject Entity | 株式会社サマンサタバサジャパンリミテッド (STJ, a consolidated subsidiary of the Company) and Samantha Thavasa China Limited (STC, a second-tier subsidiary of the Company) |
| Cause | To liquidate STC, a substantially dormant company, as part of support aimed at optimizing management resources and improving STJ's management efficiency |
| Amount of Impact on Business Performance | The amount of the receivable waiver is HK$47,205,918.46. An allowance for doubtful accounts was recognized in prior years, and the impact on STJ's standalone results is immaterial, with no impact on consolidated results. |
| Outlook | The entire receivable will be waived in order to liquidate STC. Timing of the liquidation: Not disclosed. |
Items this document does not state (18)
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.This is described as a necessary measure to liquidate STC, a substantially dormant company, as part of support aimed at optimizing management resources and improving STJ's management efficiency.