SAN-A CO.,LTD., which operates a supermarket in Yamanobe Town, ceased operations on the 31st of last month. Liabilities exceed approximately ¥1.1 billion, while annual sales once reached approximately ¥3 billion.
It has emerged that SAN-A CO.,LTD., which operates a community-based supermarket in Yamanobe Town, Yamagata Prefecture, ceased operations on the 31st of last month. Teikoku Databank reported that total liabilities amounted to approximately ¥1.1 billion.
The company was founded in 1988 and operated stores in Yamanobe Town, but is believed to have become loss-making following the opening of competing stores and other developments. It reportedly had a period when annual sales were generally around ¥3 billion.
Future developments, including how the liabilities will be settled and whether the business can be rebuilt, are expected to attract attention, with related parties' future disclosures awaited.
The reports were all based on information from Teikoku Databank, and no formal business reconstruction plan has been confirmed as of now.