Kuraudia Holdings Co.,Ltd.
This Notice
Abolition of the business of the consolidated subsidiary Qingdao Masha Formal Wear Co., Ltd. and recognition of a business restructuring loss of about 170 million yen as a special loss in the consolidated results. Additionally, plan to inject 1,050,000 USD into the consolidated subsidiary as capital support, to be recorded as a special loss in the individual results. No impact on the consolidated results; outlook remains uncertain.
Key Figures
- Business restructuring loss (consolidated results) about 170 million yen
- Subsidiary support loss allowance charge (individual results) about 170 million yen
- Capital increase amount 1,050,000 USD (about 170 million yen equivalent)
AI要約
Change in business structure
The board resolved to abolish the Qingdao factory of the consolidated subsidiary Qingdao Masha Formal Wear Co., Ltd. We will position the Vietnam factory as the primary production base and proceed with reorganizing the overseas production structure. In connection with the abolition, a business restructuring loss of about 170 million yen is expected to be recorded in the consolidated results.
Capital support and future handling
We plan to provide an additional 1,050,000 USD to the subsidiary. When the capital increase completes, about 170 million yen will be recorded as a subsidiary support loss allowance. There will be no impact on the consolidated results. Going forward, we will consider disposal and liquidation of related assets.
Cloudia Holdings Co., Ltd.
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