Hi-Lex Corporation
Notice Regarding Transfer (Liquidation) of a Specific Subsidiary
Resolution to liquidate HI-LEX AMERICA INC. Reorganizing the North American production structure by liquidating HI-LEX AMERICA INC. among five manufacturing subsidiaries in the United States. In the future, continue to shift toward high value-added products. Start dissolution and liquidation procedures after 2028. A special loss of 1.0–2.0 billion yen is anticipated in fiscal 2026, to be disclosed once finalized.
Key Figures
- Estimated special loss: 1.0–2.0 billion yen
- Start of dissolution/liquidation procedures: expected in fiscal 2028
- Target subsidiary: HI-LEX AMERICA INC. (Battle Creek, Michigan)
AI要約
Background and Decision
At the meeting of the Board of Directors held today, it was resolved to liquidate HI-LEX AMERICA INC. In response to decreased demand for control cables and technological shifts, the Company will review and reorganize the North American production structure, restructuring manufacturing in the United States. HIA will be targeted for liquidation as a specific subsidiary. The policy is to continue and expand the shift toward high value-added products in the U.S. market.
Procedures and Outlook
After completing the production restructuring, dissolution and liquidation procedures will commence. Currently, the start of procedures is anticipated in fiscal 2028. A special loss of approximately 1.0–2.0 billion yen is expected in fiscal 2026, with the exact amount to be disclosed after finalization.
Hi-Lex Corporation
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