Moriroku Holdings will transfer Guangzhou Senroku Plastic Parts Co., Ltd., its Chinese auto parts subsidiary, to a Hong Kong company as it optimizes its local operations and concentrates resources. The transfer is scheduled for mid-December 2026, and the transfer price has not been disclosed.
Moriroku Holdings will transfer its entire equity interest in Guangzhou Senroku Plastic Parts Co., Ltd., which manufactures auto parts in China, to Hong Kong-based Zhongzhida International Group Co., Ltd. The move is intended to optimize its local operations and selectively concentrate management resources.
The Moriroku Group decided to optimize its operations in China as competition in the country’s auto market intensified amid the progress of electrification and the growing presence of local automakers.
For the fiscal year ended December 2025, Guangzhou Senroku reported net sales of ¥4.87 billion, operating profit of ¥199 million and net assets of ¥1.665 billion.
The transfer price has not been disclosed, and the transfer is scheduled for mid-December 2026.