MicroAd, Inc.
Notice Regarding Transfer of a Specified Subsidiary (Dissolution and Liquidation)
The Board resolved to dissolve and liquidate consolidated subsidiary MICROAD SINGAPORE PTE. LTD. as part of a review of the current global structure and transition to direct management by the Japan headquarters. The liquidation schedule is TBD and the impact amount is under discussion.
Key Figures
- Wholly owned subsidiary: MICROAD SINGAPORE PTE. LTD. (capital USD 3,700,517)
- Recent 3-year financials: Net assets 463 thousand USD, Total assets 556 thousand USD, Operating profit/loss -18 thousand USD to -81 thousand USD, Net income (loss) for the period -93 thousand USD to -42 thousand USD
- Net assets per share: 0.09 USD (2023) / 0.08 USD (2024) / 0.06 USD (2025)
AI要約
Background and Resolutions
The Company has resolved to dissolve and liquidate MICROAD SINGAPORE PTE. LTD. as part of efforts to build an optimal global group structure and efficiently allocate management resources. The company has functioned as an intermediate holding company responsible for the management and oversight of overseas group companies. As a result of the review of the group management structure, operations will transition to direct management by the Japan headquarters to accelerate management decision-making and reduce administrative costs.
Future Impact and Schedule
The liquidation will be completed once the necessary procedures are finalized; however, the specific schedule is TBD. The amount of impact is being examined in consultation with the auditing firm and others, and if revisions to consolidated earnings forecasts are required, timely disclosure will be made.
MicroAd, Inc.
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