Cessation of Operations and Liquidation Proceedings of Thai Subsidiary
First written in FY2019-Q3. 1 of 4 entries say "Restated". Latest entry: FY2022.
The whole theme swung hardest in 2024: 2 of 11 companies on the "Worse" side.
35 other companies' latest entry also says "Achieved".
- FY2022AchievedAnnual report
「June 2006: Established the joint venture AIT LOGISTICS (THAILAND) LIMITED in Bangkok to conduct an international freight forwarding business in Thailand and make it a key base in Southeast Asia (liquidated in July 2021).」
The company’s history records that the Thai subsidiary progressed from ceasing operations and undergoing liquidation proceedings to being liquidated in July 2021. - FY2020-Q1AdvancedAnnual report
「In addition, AIT LOGISTICS (THAILAND)LIMITED, formerly a consolidated subsidiary, was excluded from the scope of consolidation from the first quarter of the current fiscal year due to its liquidation. Accordingly, the Thailand reporting segment was discontinued from the cumulative first-quarter period of the current fiscal year.」
The Thai subsidiary progressed from ceasing operations and entering liquidation proceedings to being excluded from the scope of consolidation upon liquidation, and the reporting segment was also discontinued. - FY2019RestatedAnnual report
「In addition, the consolidated subsidiary AIT LOGISTICS (THAILAND)LIMITED ceased operations on 30 November 2018 and is currently undergoing liquidation proceedings.」
The company has continued to disclose that the Thai subsidiary remains in liquidation proceedings after ceasing operations, in its business description and segment information. - FY2019-Q3First statedAnnual report
「In addition, the consolidated subsidiary AIT LOGISTICS (THAILAND) LIMITED ceased operations on 30 November 2018 and is currently undergoing liquidation proceedings.」
This is the first explicit disclosure that the Thai consolidated subsidiary ceased operations on 30 November 2018 and entered liquidation proceedings.