Worth reading
40Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
125000
USD thousands (amount of capital reduction)Wording
Conditional
How definitive the wording is.This transaction
Dissolution and liquidation of TC AsiaDisclosing companyTokyo Century Corporation
TimelineThe spacing between the points is proportional to the actual number of days.White points represent dates designated as scheduled dates in the document.
Target company
Investments, shareholdings and related activities in Asia
Location SingaporeShare capital USD 153,970 thousand (total capital contribution before the capital reduction; USD 28,970 thousand after the capital reduction,予定)Date of incorporation 14 November 2018
Net SalesUSD 591 thousand (fiscal year ended December 2025)
Operating profitUSD 13 thousand (fiscal year ended December 2025)
Net income for the current fiscal yearUSD (3,873) thousand (fiscal year ended December 2025)
Net assetsUSD 135,037 thousand (fiscal year ended December 2025)
Consideration and expenses
Type of ConsiderationCash (refund of USD 125,000 thousand through a paid-in capital reduction)
Impact on Business Performance
The impact of this matter on consolidated results for the fiscal year ending March 2027 has already been reflected in the earnings forecast announced on 11 May 2026.
Procedures and assumptions
Management structure after acquisitionTC Asia will be dissolved and liquidated, with liquidation proceedings予定 to commence within approximately one month after the capital reduction.
| Item | Details |
|---|---|
| Transaction name | Dissolution and liquidation of TC Asia |
| Name of the Subject Company | Tokyo Century Asia Pte. Ltd. |
| Business Description of the Subject Company | Investments, shareholdings and related activities in Asia |
| Location of the Subject Company | Singapore |
| Capital Stock of the Subject Company | USD 153,970 thousand (total capital contribution before the capital reduction; USD 28,970 thousand after the capital reduction,予定) |
| Date of Establishment of the Subject Company | 14 November 2018 |
| Net Sales of the Subject Company | USD 591 thousand (fiscal year ended December 2025) |
| Operating Profit of the Subject Company | USD 13 thousand (fiscal year ended December 2025) |
| Net Income of the Subject Company | USD (3,873) thousand (fiscal year ended December 2025) |
| Net Assets of the Subject Company | USD 135,037 thousand (fiscal year ended December 2025) |
| Type of Consideration | Cash (refund of USD 125,000 thousand through a paid-in capital reduction) |
| Voting rights ownership percentage | Before 100％ (after not disclosed) |
| Impact on Business Performance | The impact of this matter on consolidated results for the fiscal year ending March 2027 has already been reflected in the earnings forecast announced on 11 May 2026. |
| Date of board resolution | 25 June 2026 |
| Execution Date / Effective Date | The effective date of the capital reduction is予定 for late October 2026. Dissolution and liquidation proceedings are予定 to commence within approximately one month after the capital reduction. |
| Management structure after acquisition | TC Asia will be dissolved and liquidated, with liquidation proceedings予定 to commence within approximately one month after the capital reduction. |
Items this document does not state (16)
Counterparty nameAcquisition priceExpenses other than the acquisition priceMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodNumber of shares acquiredFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Contract DateValuation methodologyIndependent valuation institutionSpecial CommitteeConditions Precedent to Execution
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.In light of the recent business environment, the company decided to reduce capital before dissolving and liquidating TC Asia in order to reduce group management costs.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.