Dissolution and liquidation of Kanku Trading
First written in FY2024-Q3. 1 of 3 entries say "Advanced", first in FY2025-H1. Latest entry: FY2025.
- FY2025AchievedAnnual report
「関空トレーディング㈱, which belonged to the food processing business, and ㈱モトイ, which belonged to the seafood wholesale business, were liquidated during the current fiscal year and excluded from the scope of consolidation.」
The dissolution and liquidation policy for 関空トレーディング progressed to the implementation stage, with the company excluded from the scope of consolidation for the current fiscal year. - FY2025-H1AdvancedAnnual report
「The food processing business reported revenue of ¥1,887 million, or 92.5% year on year, and a segment loss of ¥64 million, compared with a segment loss of ¥57 million in the previous fiscal year, due to lower revenue following the dissolution of 1 consolidated subsidiary and the impact of higher procurement costs for certain raw materials.」
The dissolution of the affiliated company was reflected in actual results as a factor behind the decline in revenue from the food processing business, and the business impact of implementing the dissolution policy was disclosed. - FY2024-Q3First statedAnnual report
「関空トレーディング株式会社 had used the land and buildings to operate a seafood processing business near the point of consumption. However, in addition to the transfer of the land and buildings, the Company decided to dissolve and liquidate the company to focus and concentrate its management resources, given its prolonged poor performance, excess liabilities and lack of prospects for improvement.」
The Company resolved to dissolve and liquidate the company on 8 February 2024, with a resolution on dissolution at the shareholders' meeting scheduled for May 2024 and completion of liquidation scheduled for December 2024. As of 31 December 2023, total assets were ¥314 million and net assets were negative ¥1,942 million.