Hi-Lex Corporation
Notice of Completion of Liquidation of Overseas Subsidiary
The liquidation completion date for the specified subsidiary HI-LEX AUTO PARTS SPAIN, S.L. has been confirmed as September 22, 2026. The equity interest is an indirect holding through our 100% subsidiary TSK of AMERICA INC. The impact on future performance after liquidation is currently being reviewed, and if necessary we will announce revisions to our earnings guidance.
Key Figures
- Liquidation Completion Date: September 22, 2026
- Target Specified Subsidiary: HI-LEX AUTO PARTS SPAIN, S.L. (Barcelona, Spain)
- Capital: 3 thousand euro
AI要約
Report on Completion of Liquidation
The liquidation procedures for HI-LEX AUTO PARTS SPAIN, S.L. have been completed, and the liquidation completion date has been confirmed as September 22, 2026. The investment origin is an indirect relationship through our 100% subsidiary TSK of AMERICA INC., and the company's business involves the manufacture and sale of automotive control cables and window regulators. We are currently reviewing the impact of the liquidation on our consolidated results for the full fiscal year, and will disclose revisions to earnings guidance if necessary.
Outlook and Impact Going Forward
The impact of this matter on consolidated results for the fiscal year ending October 2026 is undetermined and under review. If any revisions are required, we plan to disclose them promptly. As liquidation of an affiliated company requires careful assessment of financial impact and timing of disclosure, stakeholders should monitor future updates.
Hi-Lex Corporation
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