Partial changes to the notice titled “Dissolution of a Consolidated Subsidiary, Establishment of a Subsidiary and Recognition of an Extraordinary Loss (Special Retirement Payments) in Connection with the Reorganization of the China Business”
KIMURA UNITY CO.,LTD.; 常熟木進物流有限公司 (newly established subsidiary)
常熟木進物流有限公司 at Room 308, Building 1, Intelligent Vehicle Center, No. 2 Yunshen Road, Southeast Subdistrict, Changshu, Suzhou, People's Republic of China, and the warehouse and logistics business relating to replacement parts
Because some delays have arisen in responding locally in China.
Recognition of an extraordinary loss (special retirement payments) of ¥392 million
Fiscal year ending March 2026 (1 April 2025 to 31 March 2026)
The impact on the Company's consolidated results for the fiscal year ended March 2026 from the extraordinary loss associated with the dissolution, establishment and reorganization of the subsidiaries is as stated in the Consolidated Financial Results for the Fiscal Year Ended March 2026 (Japanese GAAP), disclosed today.
Company response
Exit from the Tianjin warehouse, whose profitability has deteriorated
Start of operations scheduled for July 2026
Related procedures
Dissolution and liquidation procedures (procedures required under local laws and regulations)
常熟木進物流有限公司 is scheduled to commence operations in July 2026. 天津木村進和物流有限公司 is expected to complete its liquidation once the procedures required under local laws and regulations have been completed, but the specific timing has not been determined as of this date.
| Item | Details |
|---|---|
| Event name | Partial changes to the notice titled “Dissolution of a Consolidated Subsidiary, Establishment of a Subsidiary and Recognition of an Extraordinary Loss (Special Retirement Payments) in Connection with the Reorganization of the China Business” |
| Date of occurrence | 18 May 2026 |
| Subject Entity | KIMURA UNITY CO.,LTD.; 常熟木進物流有限公司 (newly established subsidiary) |
| Target Locations / Products | 常熟木進物流有限公司 at Room 308, Building 1, Intelligent Vehicle Center, No. 2 Yunshen Road, Southeast Subdistrict, Changshu, Suzhou, People's Republic of China, and the warehouse and logistics business relating to replacement parts |
| Cause | Because some delays have arisen in responding locally in China. |
| Amount of Impact on Business Performance | Recognition of an extraordinary loss (special retirement payments) of ¥392 million |
| Accounting period in which recognized | Fiscal year ending March 2026 (1 April 2025 to 31 March 2026) |
| Impact on Earnings Forecast | The impact on the Company's consolidated results for the fiscal year ended March 2026 from the extraordinary loss associated with the dissolution, establishment and reorganization of the subsidiaries is as stated in the Consolidated Financial Results for the Fiscal Year Ended March 2026 (Japanese GAAP), disclosed today. |
| Type of litigation or proceeding | Dissolution and liquidation procedures (procedures required under local laws and regulations) |
| Suspended operations | Exit from the Tianjin warehouse, whose profitability has deteriorated |
| Scheduled resumption date | Start of operations scheduled for July 2026 |
| Outlook | 常熟木進物流有限公司 is scheduled to commence operations in July 2026. 天津木村進和物流有限公司 is expected to complete its liquidation once the procedures required under local laws and regulations have been completed, but the specific timing has not been determined as of this date. |
Items this document does not state (13)
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.Because some delays have arisen in responding locally in China.