TODA KOGYO CORP.
Notification of Confirmed Settlement Date for Equity Transfer and Dissolution of the Joint Venture
The settlement date for the transfer of shares and dissolution date of the joint venture have been finalized. No impact on the consolidated results for the FY2027. BTBM will be excluded from the consolidation, and the company’s guarantee of 6,086 million yen for BTBM will be解除.
Key Figures
- Settlement date for share transfer: August 25, 2026
- Dissolution date: August 25, 2026
- Debt guarantee解除 amount: 6,086 hundred million yen
AI要約
Background and confirmed matters
Previously, the transfer date and dissolution date were postponed due to delays in regulatory approval. After obtaining clearance, the transfer date and dissolution date have been confirmed. The new confirmed date is shown as August 25, 2026, with new portions of the disclosure trail underlined.
Financial impact and outlook
As indicated in the notice regarding the recognition of special losses and the difference between the full-year consolidated forecast and actual results, losses from this transfer have already been recognized in the fiscal year ending March 2026 and are not expected to affect the fiscal year ending March 2027. BTBM will be excluded from our consolidated scope, and the debt guarantee of 6,086 hundred million yen owed to BTBM will be解除.
Toda Industries Co., Ltd.
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