Chubu Shiryo Co., Ltd.
notice on the establishment of a subsidiary in China
To expand in the Chinese market, establish a subsidiary in Haikou, Hainan Province, China, that manufactures and sells fishery-ready formulated feed. Capital of 60 million yuan, a wholly owned subsidiary 100% owned by the Company. Establishment scheduled for October 2026. Minimal impact expected on consolidated results.
Key Figures
- Capital: 60,000,000 yuan (approximately 1,400,000,000 yen)
- Establishment date: October 2026 (planned)
- Ownership: 100% owned subsidiary
AI要約
Overview of business expansion
To reliably supply high-quality and safe fishery formulated feed to the rapidly growing Chinese aquaculture market, a subsidiary will be newly established to handle local manufacturing and sales. The subsidiary name is planned as Chubu Shiryō (Hainan) Co., Ltd., location Haikou City (planned), representative is Mr. Toshihiro Ito (Director and Senior Vice President of the Company), capital 60 million yuan, 100% ownership by the Company, with control by the Company. Establishment scheduled for October 2026.
Financial impact and outlook
The impact on consolidated results is expected to be minor, and any matters to be disclosed promptly if they arise. At this time, additional costs or revenue contributions are unknown, but there may be capital expenditures and initial operating costs associated with local establishment. Company officers and employees are planned to hold roles as representatives, etc.
Chubu Shiryo Co., Ltd.
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