Futaba Industrial Co., Ltd.
Notice Regarding Change in Consolidated Subsidiary
On February 27, 2026, Futaba Sangyo Co., Ltd. transferred 100% ownership of the consolidated subsidiary Tianjin Shuangxie Machinery Industry Co., Ltd. to Chuangzhao Trade Co., Ltd. The transfer price is undisclosed and the ownership will be 0% after the transfer.
Key Figures
- Transferred equity interest: 100% → 0%
- Transfer execution date: February 27, 2026 (scheduled)
- Tianjin Shuangxie Machinery Industry Co., Ltd. Net Assets for FY ending March 2025: △2,543 million JPY
AI要約
Overview of Change in Consolidated Subsidiary
Futaba Sangyo Co., Ltd. resolved at the Board of Directors meeting held on February 27, 2026, to transfer 100% ownership of the consolidated subsidiary Tianjin Shuangxie Machinery Industry Co., Ltd. to Chuangzhao Trade Co., Ltd. Tianjin Shuangxie is a subsidiary engaged in manufacturing and sales of automotive and other vehicle parts. For the fiscal year ending March 2025, its net assets were △2,543 million JPY, sales were 5,030 million JPY, and net income was △2,757 million JPY, showing a deficit. The transfer price is undisclosed, and ownership will be 0% following the transfer.
Background of Transfer and Future Outlook
The liquidation procedures for Tianjin Shuangxie will commence, and management resources will be strategically concentrated on areas with expected growth potential to improve group operational efficiency. The transferee, Chuangzhao Trade Co., Ltd., is a Hong Kong-based trading company with no capital, personnel, or transactional relations with us. The impact on consolidated earnings for the fiscal year ending March 2026 is currently under examination, and we will promptly disclose any matters requiring notification.
