Shikibo Ltd.
Notice Regarding Dissolution of Consolidated Subsidiary
The board of directors resolved to dissolve the consolidated subsidiary Yamato Machinery Works. The decision is due to the aging workforce and a shrinking stone material market making business continuation difficult. The dissolution is scheduled to be approved by an extraordinary general meeting, with liquidation to be completed by April 30, 2027. The impact on consolidated performance is expected to be minimal.
Key Figures
- Yamato Machinery Works’ capital 100 million yen
- Sales for the last three years: 80/141/65 million yen
- Scheduled dissolution date: April 30, 2027 (liquidation completion planned)
AI要約
Background and plan for dissolution
It was resolved to dissolve the consolidated subsidiary Yamato Machinery Works, Inc. The dissolution is driven by the shrinking stone material market and the difficulty of maintaining repair and support systems due to an aging workforce. The dissolution date is the date of the Board of Directors meeting (August 31, 2026), approval by the extraordinary general meeting is planned for September 30, 2026 (scheduled), and liquidation completion is planned for April 30, 2027 (scheduled).
Future impact and disclosure
The impact on the company’s consolidated performance is expected to be minimal, and if additional information arises, it will be disclosed promptly. Specific impacts such as the scale of dissolution-related costs and reorganization expenses are not known at present.
Shikibo Ltd.
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