Daido Metal Co., Ltd.
Notice on the Liquidation Policy for Overseas Consolidated Subsidiaries
The core news is that the board of directors resolved to liquidate the overseas consolidated subsidiary Daido Metal Europe Ltd. The liquidation date is December 31, 2026, and the North American sales function will be transferred to Daido Metal U.S.A. Inc. to accelerate the group’s Bridge to Daido 2030 growth strategy. The impact after liquidation is under review.
Key Figures
- Liquidation date: December 31, 2026
- DME three-year sales: 2,147 thousand pounds → 2,239 thousand pounds → 2,119 thousand pounds
- Impact of liquidation on tax and earnings: under review
AI要約
Overview of liquidation
The board of directors resolved to liquidate the consolidated subsidiary Daido Metal Europe Ltd. After consolidating European sales functions to DMEG, the North American sales function will be transferred to Daido Metal U.S.A. Inc. to expand growth opportunities across the group and improve resource allocation and operational efficiency. Liquidation date: December 31, 2026.
Impact and future disclosures
While a reduction in tax burden related to past over-indebtedness of DME is expected, the extent of impact and the amount of losses related to liquidation are under review. Additional information will be disclosed promptly as it becomes available.
Daido Metal Co., Ltd.
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