Liquidation of the China business and establishment of a domestic Chinese sales company
First written in FY2016. 5 of 10 entries say "Achieved", first in FY2018. Latest entry: FY2026.
No other company in this theme has enough history to compare yet.
- FY2026AchievedAnnual report
「上海倍楽厨業有限公司, a consolidated subsidiary that manufactured the Company's kitchen-equipment components, proceeded with liquidation procedures and completed its liquidation on 29 December 2025.」
The Chinese subsidiary manufacturing kitchen-equipment components completed its liquidation on 29 December 2025 after the sale of its fixed assets and the liquidation procedures. - 2026-05-13AchievedResultsSuggests it is closing out
「上海倍楽厨業有限公司, a consolidated subsidiary that manufactured the Company's kitchen-equipment components, proceeded with liquidation procedures and completed its liquidation on 29 December 2025.」
中国の厨房機器部品製造子会社について、清算手続きの結了が開示された。 - FY2025-H1AdvancedAnnual report
「上海倍楽厨業有限公司, a consolidated subsidiary that manufactured the Company's kitchen-equipment components, entered into a purchase and sale agreement for its fixed assets on 8 July 2024 in preparation for dissolution and liquidation. The liquidation procedures will be promptly advanced after the fixed assets have been delivered.」
The Chinese subsidiary manufacturing kitchen-equipment components has entered into a purchase and sale agreement for its fixed assets and reached the stage of proceeding with liquidation after delivery. - FY2024-Q1AdvancedAnnual report
「上海倍楽厨業有限公司, a consolidated subsidiary that manufactured the Company's kitchen-equipment components, is in the process of selling its fixed assets in preparation for dissolution and liquidation.」
The Chinese subsidiary manufacturing kitchen-equipment components has advanced to the stage of selling its fixed assets in preparation for dissolution and liquidation. - FY2023-Q2AchievedAnnual report
「沃達王(上海)建材有限公司, a consolidated subsidiary that sold the Company's products, has been excluded from the scope of consolidation because its liquidation has been completed.」
The liquidation of the Chinese sales subsidiary was completed and it was excluded from the scope of consolidation. For the subsidiary manufacturing kitchen-equipment components, a resolution was passed to transfer its fixed assets in preparation for dissolution and liquidation, while separate liquidation procedures remain ongoing. - FY2022AdvancedAnnual report
「As the Company reviews the production and sales structure of its consolidated subsidiaries in the People's Republic of China, it recognized a loss on liquidation of a consolidated subsidiary of ¥156 million during the fiscal year.」
In connection with the review of the production and sales structure of the China business, the Company recognized a ¥156 million loss on liquidation of a consolidated subsidiary. The suspension of operations and liquidation procedures for the sales subsidiary and the cessation of operations at the manufacturing subsidiary described in the previous quarter have thus resulted in a specific loss recognized for the fiscal year. - FY2022-Q3AdvancedAnnual report
「沃達王(上海)建材有限公司, a consolidated subsidiary that sold the Company's products, ceased operations as of 30 September 2021 and is currently undergoing liquidation procedures. 上海倍楽厨業有限公司, a consolidated subsidiary that manufactured the Company's kitchen-equipment components, ceased operations as of 31 December 2021.」
The restructuring of the China business has progressed through the suspension of operations and liquidation procedures for the sales subsidiary and the cessation of operations at the subsidiary manufacturing kitchen-equipment components. - FY2019AchievedAnnual report
「The Shanghai consolidated subsidiary manufactured wood-based building materials for the Company. However, as its operating environment changed significantly due to increases in labor and other costs in recent years and tighter environmental regulations in Shanghai, all of its manufacturing operations were transferred to the Company and other consolidated subsidiaries, and all equity interests were transferred on 29 March 2019.」
The transfer of all manufacturing operations and the transfer of all equity interests in the Shanghai manufacturing subsidiary were completed on 29 March 2019. - FY2018AchievedAnnual report
「In the housing equipment and building materials business, the Chinese subsidiary 沃達王木業（上海）有限公司, which was a consolidated subsidiary in the previous fiscal year, completed its liquidation on 9 March 2018.」
The liquidation of the Chinese manufacturing subsidiary was completed on 9 March 2018, marking a step toward completion of the restructuring of the former Chinese operating structure. - FY2016First statedAnnual report
「At a meeting of the Board of Directors held on 29 July 2015, the Company resolved to dissolve and liquidate its consolidated subsidiary 沃達王木業（上海）有限公司. The liquidation is scheduled to be completed once the necessary procedures under local law have been completed. On 16 October 2015, the Company established 沃達王（上海）建材有限公司, a consolidated subsidiary whose primary purpose is sales in the People's Republic of China,」
The Company is restructuring its Chinese operations by liquidating its manufacturing subsidiary while establishing a new company focused on domestic sales in China.