Toyobo Co., Ltd.
Announcement regarding the transfer of fixed assets of a subsidiary in El Salvador and the recording of extraordinary gains
Sell or transfer the assets held by the El Salvador subsidiary I USA, and plan to record fixed asset disposal gains as extraordinary gains in the consolidated results for the fiscal years ending March 2027 and March 2028. The consolidated earnings forecast for FY2027 is under review. The transfer completion is resolved for September 1, 2026, with local contracts and first delivery date; full delivery is scheduled for May 2027.
Key Figures
- Amount of fixed asset disposal gains: unknown
- First delivery date: 2026-09-01 (local time)
- Second delivery date: May 2027 (planned)
AI要約
Overview of the business restructuring
We approved the transfer of fixed assets owned by our consolidated subsidiary I USA, INDUSTRI AS UNI DAS, S. A. (I USA). As part of portfolio restructuring and with plans to cease I USA’s business by end of November 2026, this transfer is being carried out as part of asset cleanup. The transferees are two domestic operating companies within the group in El Salvador; there is no relationship with related parties, and information is not disclosed.
Transfer details and anticipated impact
The assets subject to transfer are land (approximately 297 thousand square meters, including factory premises and welfare facilities). The transfer price, gain or loss on transfer, and book value will be disclosed only upon agreement with the transferees. Upon completion of the transfer, we plan to recognize fixed asset disposal gains as extraordinary income in the consolidated results for the fiscal years ending March 2027 and March 2028. The FY2027 earnings forecast is currently under review and will be disclosed if necessary.
Toyobo Co., Ltd.
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