Resolved the closure (liquidation) of the consolidated subsidiary Pegasus Global Express (Thailand) Co., Ltd. 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The impact on this period\u2019s results is expected to be minor; liquidation begins in January 2027, with liquidation expected to be completed after July 2028.","jir_summary":"### Background and Decision\nThe Board resolved to close (liquidate) the local Thai entity of Pegasus Global Express (Thailand) Co., Ltd., a consolidated subsidiary. Ongoing prolonged downturn in Thailand\u2019s 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.\n\n### Financial impact and future schedule\nThe company\u2019s financial position over the past three years shows shrinking asset size and negative net assets. The impact on this period\u2019s 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.","jir_financial_highlights":"Total net assets: \u25b3594,545 thousand yen (Fiscal year ended March 2024 \u25b3426,412 thousand yen \u2192 Fiscal year ended March 2025 \u25b3509,164 thousand yen \u2192 Fiscal year ended March 2026 \u25b3594,545 thousand yen)\nSales: 592,830 thousand yen (Fiscal year ended March 2024 643,198 thousand yen, Fiscal year ended March 2025 625,976 thousand yen, Fiscal year ended March 2026 592,830 thousand yen)\nOperating income: \u25b340,015 thousand yen (Fiscal year ended March 2024 \u25b31,147 thousand yen, Fiscal year ended March 2025 \u25b324,099 thousand yen, Fiscal year ended March 2026 \u25b340,015 thousand yen)","jir_category":"","jir_hashtags":"#Kanda Holdings Co.,Ltd., #corporate_restructuring_and_liquidation","jir_key_figures":"Total net assets: \u25b3594,545 thousand yen (as of March 2026)\nSales: 592,830 thousand yen (as of March 2026)\nOperating income: \u25b340,015 thousand yen (as of March 2026)","jir_meta_title":"Kanda Holdings Co.,Ltd. | Decision to Close Pegasus Global Express (Thailand) | September 2026","jir_meta_description":"Kanda Holdings has resolved the closure (liquidation) of its consolidated subsidiary Pegasus Global Express (Thailand). The impact this period is expected to be minor; liquidation begins in January 2027 and ends after July 2028.","jir_og_title":"Kanda Holdings Co.,Ltd. | Decision to Close Pegasus Global Express (Thailand) | September 2026","jir_og_description":"Kanda Holdings will close and liquidate its Thai subsidiary. The impact this period is expected to be minor, with liquidation beginning in January 2027 and ending after July 2028.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":57801,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"corporate_restructuring","footnotes":""},"sector":[],"importance":[],"class_list":["post-123001","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n