Dissolution and Liquidation Due to an Overseas Subsidiary’s Difficulty Securing Earnings
First written in FY2017-Q1. 6 of 8 entries say "Restated". Latest entry: FY2020.
The whole theme swung hardest in 2025: 2 of 24 companies on the "Worse" side.
- FY2020RestatedAnnual report
「As its liquidation was completed on 17 December 2019, the overseas consolidated subsidiary SENSHU ELECTRIC (THAILAND) CO.,LTD. was excluded from the scope of consolidation.」
The completion of the Thai subsidiary's liquidation and its exclusion from the scope of consolidation have been reconfirmed. - FY2020-Q3RestatedAnnual report
「Since the first-quarter consolidated accounting period, SENSHU ELECTRIC (THAILAND) CO.,LTD., formerly a consolidated subsidiary, has been excluded from the scope of consolidation because its liquidation was completed.」
The completion of the Thai subsidiary's liquidation and its exclusion from the scope of consolidation, reported in the previous quarter, have been reconfirmed for the current quarter. - FY2020-Q2RestatedAnnual report
「Since the first-quarter consolidated accounting period, SENSHU ELECTRIC (THAILAND) CO.,LTD., formerly a consolidated subsidiary, has been excluded from the scope of consolidation because its liquidation was completed.」
The completion of the Thai subsidiary's liquidation and its exclusion from the scope of consolidation, reported in the previous quarter, have been reconfirmed for the current quarter. - FY2020-Q1AchievedAnnual report
「During the first-quarter consolidated accounting period, SENSHU ELECTRIC (THAILAND) CO.,LTD., formerly a consolidated subsidiary, was excluded from the scope of consolidation because its liquidation was completed on 17 December 2019.」
It reports completion of the liquidation of the Thai subsidiary, whose profitability and business continuity had become difficult to maintain, and its exclusion from the scope of consolidation. - FY2018RestatedAnnual report
「The overseas consolidated subsidiary SENSHU ELECTRIC (THAILAND) CO.,LTD. was undergoing liquidation procedures as of 31 October 2018.」
The Thai subsidiary was still undergoing liquidation procedures as of the filing date, and completion of the liquidation is not reported. - FY2017-Q3RestatedAnnual report
「At a Board of Directors meeting held on 24 February 2017, the Company resolved to dissolve and liquidate its consolidated subsidiary, SENSHU ELECTRIC (THAILAND) CO.,LTD. The liquidation is expected to be completed once the necessary procedures under local laws and regulations have been completed.」
The resolution to dissolve and liquidate the Thai subsidiary and the plan to complete the liquidation after procedures under local laws and regulations are completed have been reiterated. Completion of the liquidation is not reported. - FY2017-Q2RestatedAnnual report
「At a Board of Directors meeting held on 24 February 2017, the Company resolved to dissolve and liquidate its consolidated subsidiary, SENSHU ELECTRIC (THAILAND) CO.,LTD. The liquidation is expected to be completed once the necessary procedures under local laws and regulations have been completed.」
The resolution to dissolve and liquidate the Thai subsidiary and the plan to complete the liquidation after procedures under local laws and regulations are completed have been reiterated. The liquidation has not yet been completed. - FY2017-Q1MaterialisedAnnual report
「However, due to changes in the economic and business environments, it became difficult to secure profitability, and we determined that continuing the business would be extremely difficult. We therefore decided to dissolve and liquidate the company.」
The Board of Directors resolved to dissolve and liquidate SENSHU ELECTRIC (THAILAND) CO.,LTD., as changes in the economic and business environments made it difficult to secure profitability and continue operations.