ASICS Corporation
Notice regarding the dissolution and liquidation of a consolidated subsidiary (policy)
The board resolved to dissolve and liquidate the consolidated subsidiary ASICS Trading Co., Ltd. After the business transfer, a revised consolidated earnings forecast including potential extraordinary losses has already been disclosed. Going forward, profits and losses until liquidation are to be examined, with a possibility of additional disclosures.
Key Figures
- Extraordinary loss: 6,717 million yen
- Ownership structure: 100% owned by ASICS
- Net sales (past 3 years): 51,941 million yen → 72,116 million yen → 77,440 million yen
- Dissolution schedule: liquidation not yet concluded (upon completion of necessary procedures)
AI要約
Policy and background of dissolution and liquidation
At the meeting of the Board of Directors held today, it was decided to dissolve and liquidate ASICS Trading Co., Ltd., a consolidated subsidiary. To accelerate global growth of the Walking business and consistently execute the brand strategy, all businesses will be transferred to ASICS or ASICS Japan, after which company operations will be wound down.
Overview of the dissolution target and relationship
ASICS Trading Co., Ltd. is 100% owned (capital: 450 million yen), with President and Representative Director Junji Kobayashi. The business involves the sale of domestic and international sports shoes and general shoes. Over the past three years, financial position shows total assets of 36,312 million yen → 44,262 million yen → 42,504 million yen; net sales of 51,941 million yen → 72,116 million yen → 77,440 million yen; operating income of 4,129 million yen → 4,489 million yen → 5,885 million yen; net income for the year attributable to owners of parent of 3,709 million yen → 5,486 million yen → 4,315 million yen.
ASICS Corporation
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