Konaka Co.,Ltd.
Notice Regarding Waiver of Claims by Our Consolidated Subsidiary Against Its Subsidiary
Consolidated subsidiary STJ has waived all claims against its subsidiary STC. Waived amount: 47,205,918.46 HKD. Allowances for doubtful accounts were recorded in prior years, so impact on STJ standalone results is minor; in consolidated financial statements the amounts are eliminated and have no impact. Effective date: 2026/09/29.
Key Figures
- Amount of claim: 47,205,918.46 Hong Kong dollars
- Effective date: September 29, 2026
- Impact: Minor on STJ standalone; eliminated in consolidated financial statements
AI要約
Overview of the News
Konaka Co.,Ltd.'s consolidated subsidiary Samantha Thavasa Japan Limited (STJ) resolved at a board meeting on September 29, 2026 to waive in full the claims it holds against its subsidiary Samantha Thavasa China Limited (STC). The waiver is part of liquidation procedures to wind up STC as well as to optimize STJ's management resources and improve operational efficiency.
Financial Impact and Outlook
The waived claim amount is 47,205,918.46 Hong Kong dollars. Because allowances for doubtful accounts were recorded in prior years, the impact on STJ's standalone results is expected to be minor. In the consolidated financial statements the amounts will be eliminated on consolidation, so there will be no impact on consolidated results.
Konaka Co.,Ltd.
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