Hi-Lex Corporation
Notice Concerning Establishment of Overseas Subsidiary (Specified Subsidiary)
The Company plans to establish an overseas subsidiary in Shanghai, China with capital of 35,000,000 RMB (equivalent to 788 million yen) in July 2026. The equity ratio is 50.4% indirect ownership, qualifying it as a specified subsidiary.
Key Figures
- Capital: 35,000,000 RMB (equivalent to 788 million yen)
- Equity Ratio: Chongqing Haideshi Lasso Systems (Group) Co., Ltd. 80%, Zhang Ping 20%, Company indirect ownership 50.4%
- Scheduled Establishment Date: July 2026
AI要約
Overview of Overseas Subsidiary Establishment
Hirlex Corporation resolved to establish an overseas subsidiary 'Shanghai Haideshi Intelligent Systems Co., Ltd.' in Jinshan District, Shanghai, China, in July 2026, driven by new order acquisitions in the east China region and the need for a production site close to customers. The capital is 35,000,000 RMB (equivalent to 788 million yen), with equity investments held as follows: Chongqing Haideshi Lasso Systems (Group) Co., Ltd. 80%, Zhang Ping 20%, and the Company holds an indirect 50.4% ownership, qualifying it as a specified subsidiary. The business will involve manufacturing and sales of door modules in China.
Future Outlook
The establishment of the new company is expected to contribute to improving the Company's performance over the medium to long term, while the impact on the current fiscal year’s results is expected to be minimal. If any impact on performance arises in the future, it will be disclosed promptly. In addition, one of the Company’s officers is scheduled to be appointed as a director.
