The board of directors resolved to dissolve the consolidated subsidiary Yamato Machinery Works. The decision is due to the aging workforce and a shrinking stone material market making business continuation difficult. The dissolution is scheduled to be approved by an extraordinary general meeting, with liquidation to be completed by April 30, 2027. 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The decision is due to the aging workforce and a shrinking stone material market making business continuation difficult. The dissolution is scheduled to be approved by an extraordinary general meeting, with liquidation to be completed by April 30, 2027. The impact on consolidated performance is expected to be minimal.","jir_summary":"### Background and plan for dissolution\nIt was resolved to dissolve the consolidated subsidiary Yamato Machinery Works, Inc. The dissolution is driven by the shrinking stone material market and the difficulty of maintaining repair and support systems due to an aging workforce. The dissolution date is the date of the Board of Directors meeting (August 31, 2026), approval by the extraordinary general meeting is planned for September 30, 2026 (scheduled), and liquidation completion is planned for April 30, 2027 (scheduled).\n\n### Future impact and disclosure\nThe impact on the company\u2019s consolidated performance is expected to be minimal, and if additional information arises, it will be disclosed promptly. Specific impacts such as the scale of dissolution-related costs and reorganization expenses are not known at present.","jir_financial_highlights":"Company\u2019s ownership ratio: 100% (Unknown)\nConsolidated subsidiary\u2019s recent three-year operating results and financial position (summary): Sales 80\/141\/65 million yen, ordinary income -12\/24\/-15 million yen, net assets 307\/323\/310 million yen (YoY unknown)","jir_category":"","jir_hashtags":"#ShikiboDissolution, #ConsolidatedSubsidiaryDissolution","jir_key_figures":"Yamato Machinery Works\u2019 capital 100 million yen\nSales for the last three years: 80\/141\/65 million yen\nScheduled dissolution date: April 30, 2027 (liquidation completion planned)","jir_meta_title":"\u3010Shikibo\u3011Dissolution of Consolidated Subsidiary | Liquidation Expected by April 2027","jir_meta_description":"Shikibo announces the dissolution of its consolidated subsidiary Yamato Machinery Works. Background is a shrinking stone market and aging workforce. Publication of extraordinary general meeting approval date and liquidation completion date; minimal expected impact on consolidated results.","jir_og_title":"\u3010Shikibo\u3011Decision to dissolve consolidated subsidiary; impact expected to be minor","jir_og_description":"Shikibo decides to dissolve a consolidated subsidiary. Details on background, schedule, and future impact.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":58507,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"corporate_restructuring","footnotes":""},"sector":[],"importance":[],"class_list":["post-108632","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n