Futaba Corp Dissolves Korean Subsidiary Amid Business Review

TOKYO, Aug 07 (Pulse News Wire) – Futaba Corporation (6986.T) resolved to dissolve its subsidiary, Hyozensho Seiko Co., Ltd., during a board meeting held on August 07, 2026. The decision follows the suspension of operations previously announced on December 23, 2025, due to unfavorable business prospects.

Hyozensho Seiko, based in Incheon, South Korea, was established on August 31, 2017, and specializes in manufacturing and selling production equipment. The company's capital stands at ¥890,000 thousand Won, with Kyushinkoki Co., Ltd. holding a significant stake of 1489 shares.

The dissolution process is scheduled to begin in November 2026, with liquidation expected to conclude by February 2027, contingent upon local legal requirements being met. An impact assessment on Futaba’s overall performance is currently underway. Any further developments that require disclosure will be communicated promptly.