Toyobo Co., Ltd.
Notice Regarding Suspension of Operations at the El Salvador Subsidiary
Resolved by the Board of Directors to suspend operations of consolidated subsidiary INDUSTRIAS UNIDAS, S.A. The suspension is planned for the end of November 2026. IUSA has a history of revenue in the apparel and textile manufacturing and sales business over the past three years. The parent company holds 92.6% equity; financial impact is currently under review.
Key Figures
- Sales (2024年3月期): 21,907千US$
- Sales (2025年3月期): 19,339千US$
- Sales (2026年3月期): 13,708千US$
- Operating profit (2024年3月期): △1,999千US$
- Operating profit (2025年3月期): △2,485千US$
- Operating profit (2026年3月期): △2,818千US$
- Suspension planned date: End of 2026年11月末
- Major shareholder stake: Toyo Spinning Co., Ltd. 92.6%
AI要約
Overview of the suspension
As part of the group’s portfolio restructuring, the Company evaluated IUSA’s profitability and future prospects and resolved to suspend the business. Measures will be taken to minimize impacts on customers, business partners, employees, and the local community. IUSA operates in El Salvador as a manufacturer and seller of apparel and textiles and is a consolidated subsidiary in which Toyo Spinning Co., Ltd. holds a 92.6% stake.
Upcoming schedule and impact
The suspension is planned for the end of November 2026. The impact on the consolidated results for the fiscal year ending March 2027 is currently under review, and we will promptly notify when additional disclosures are made. Current key indicators show a downward trend in sales from 2024 to 2026, and operating profit remains in deficit. Related transactions such as capital relationships, personnel dispatch, and loan arrangements will be further considered going forward.
Toyo Cosmoplastic Co., Ltd.
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