Iwatsuka Seika will dissolve and liquidate its consolidated subsidiary Tanabe Kashihō. Manufacturing and sales of Tanabe Kashihō's Tanabe Karintō will end in March 2027, with liquidation procedures expected to be completed in December of the same year.
Iwatsuka Seika announced that it will dissolve and liquidate its consolidated subsidiary Tanabe Kashihō, which handles manufacturing and sales. The company said the move is intended to improve operating efficiency and make effective use of management resources.
Tanabe Kashihō was founded in 1927, and Iwatsuka Seika had funded it wholly and assumed the business. The company considered relocating its aging factory but said it could not find a suitable site.
Manufacturing and sales, including its Tanabe Karintō product, are scheduled to end in March 2027, with liquidation procedures expected to be completed in December of the same year.
In its standalone results for the fiscal year ended March 2026, revenue fell 16% year on year to ¥59 million, operating profit fell 45% to ¥6.81 million and net profit fell 47% to ¥4.63 million.