Kanda Holdings Co.,Ltd.
Notice regarding the Closure (Liquidation) of Pegasus Global Express (Thailand) Co., Ltd.
Resolved the closure (liquidation) of the consolidated subsidiary Pegasus Global Express (Thailand) Co., Ltd. The impact on this period’s results is expected to be minor; liquidation begins in January 2027, with liquidation expected to be completed after July 2028.
Key Figures
- Total net assets: △594,545 thousand yen (as of March 2026)
- Sales: 592,830 thousand yen (as of March 2026)
- Operating income: △40,015 thousand yen (as of March 2026)
AI要約
Background and Decision
The Board resolved to close (liquidate) the local Thai entity of Pegasus Global Express (Thailand) Co., Ltd., a consolidated subsidiary. Ongoing prolonged downturn in Thailand’s economy, inflation, rising labor costs, and the yen depreciation against the baht have eroded the outlook for recovery through continued operations, leading to liquidation as the chosen path.
Financial impact and future schedule
The company’s financial position over the past three years shows shrinking asset size and negative net assets. The impact on this period’s results is expected to be minor, but material effects will be disclosed if identified. The schedule ahead is to wind up operations by end of December 2026, commence liquidation in January 2027, and complete liquidation after July 2028.
Kanda Holdings Co.,Ltd.
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