Withdrawal from unprofitable businesses in China and consolidation of subsidiaries
First written in FY2024. 4 of 7 entries say "Advanced", first in FY2025-H1. Latest entry: 2026-11-10.
No other company in this theme has enough history to compare yet.
- FY2026AdvancedAnnual report
「In connection with the transfer of the fixed assets, the Company plans to recognize an approximately ¥1.2 billion gain on the sale of fixed assets as an extraordinary gain in the first quarter of the fiscal year ending March 2027.」
As part of the liquidation procedures for the Chinese subsidiary, buildings, land-use rights and other assets were transferred for CNY87 million on 27 January 2026. The consolidation and liquidation of subsidiaries progressed to the asset disposal stage. - FY2026-H1AdvancedAnnual report
「This is to dispose of (transfer) fixed assets as part of the liquidation procedures for ニチハ装飾繊維セメント壁板（嘉興）有限公司. The transfer price is CNY87 million, and delivery of the properties is scheduled for January 2026.」
As part of the liquidation of the Chinese subsidiary, the Company entered into an agreement to transfer buildings, land-use rights and other assets for CNY87 million. It plans to recognize an approximately ¥1.3 billion gain on the sale of fixed assets in the following consolidated fiscal year. - FY2025-H1AdvancedAnnual report
「Net income attributable to owners of the parent declined by ¥1,506 million, or 45.2%, to ¥1,829 million, partly due to an extraordinary loss associated with the consolidation of businesses at Chinese subsidiaries.」
An extraordinary loss associated with the consolidation of businesses at the Chinese subsidiaries was actually incurred, indicating that the policy of withdrawing from unprofitable businesses and consolidating subsidiaries had entered the execution stage. - FY2024First statedAnnual report
「For some businesses, securing profits has become difficult in recent years due to declines in sales volumes and rising personnel costs compared with when the businesses were initially launched. As no significant improvement is expected over the medium term, the businesses of 2 companies will be consolidated into 1 company to reduce costs, and 1 company will be dissolved.」
The Board of Directors resolved to withdraw from certain unprofitable businesses of 2 Chinese subsidiaries, transfer the continuing businesses to ニチハ装飾建材（嘉興）有限公司, and dissolve and liquidate ニチハ装飾繊維セメント壁板（嘉興）有限公司.