TOKYO, Mar 27 (Pulse News Wire) – Daihen Corporation (6622.T) announced today that its board of directors, held, resolved to dissolve its subsidiary Daihen OTC Kiden (Beijing) Co., Ltd. The decision was made to optimize production sites and strengthen operations in Japan.
Daihen OTC Kiden (Beijing) Co., Ltd., established in October 2006, operated transformer manufacturing for the Japanese market. It had a capital of $15.1 million and was headquartered in Huairou District, Beijing Economic Development Zone, China. The subsidiary's largest shareholder, Daihen Corporation, holds 100% percent of the shares.
Financial highlights for the past three fiscal years show the following figures (in million yen): | Fiscal Year | 2023 | 2024 | 2025 | |-------------|------|------|------| | Net Assets | 927 | 1,143 | 1,283 | | Total Assets| 1,688| 1,826| 2,133| | Revenue | 1,460 | 1,913 | 2,115 | | Operating Profit | 235 | 168 | 139 | | Ordinary Profit | 234 | 179 | 135 | | Net Profit | 180 | 134 | 104 | The dissolution process began, with completion expected upon finalizing necessary legal procedures according to local laws. The impact on the consolidated financial results for the current accounting period is anticipated to be minor. However, the company will promptly disclose any significant developments related to this matter.
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