Futaba Industrial Co., Ltd.
Notice Regarding Capital Reduction of Consolidated Subsidiary
Capital of consolidated subsidiary Dongguan Futaba Metal Products Co., Ltd. will be reduced from USD 23.29 million to USD 6.15 million, resulting in removal from specified subsidiaries. The capital reduction takes effect in late June 2026.
Key Figures
- Capital before reduction: USD 23.29 million
- Capital reduction amount: USD 17.14 million (planned)
- Capital after reduction: USD 6.15 million (planned)
AI要約
Overview of Capital Reduction
Futaba Industrial Co., Ltd. has decided to reduce the capital of its consolidated subsidiary Dongguan Futaba Metal Products Co., Ltd. from USD 23.29 million to USD 6.15 million. The capital reduction amount is USD 17.14 million. A paid-in capital reduction method will be adopted without reducing the investment ratio. Dongguan Futaba manufactures and sells automotive and other vehicle parts. Due to surplus funds and no anticipated significant investments in the future, this move aims to improve the Group's capital efficiency.
Future Outlook and Impact
The capital reduction will take effect in late June 2026, reducing Dongguan Futaba’s capital to less than 10% of the Company's capital, and it is expected to be removed from specified subsidiaries. The impact on consolidated results for the fiscal year ending March 2026 is expected to be minimal. If any matters requiring disclosure arise, they will be promptly notified.
