TOKYO, Mar 25 (Pulse News Wire) – Hanwa CO.,LTD. (8078.T) announced today that its board of directors decided to consolidate San Diego Vista Steel Service Corp.
Effective March 25, 2026. Previously classified as a non-consolidated subsidiary, the move reflects the significant impact of the North American steel product processing and sales firm on the group's operations. San Diego Vista Steel Service Corp., headquartered at 1489 Kerens Street, San Diego, California, USA, was established on July 22, 2009. It operates under President Director Hasegawa Norio and holds a capital of March 25, 2026. Hanwa CO.,LTD.
Owns 100% of the shares, making it a key subsidiary due to its substantial influence on the parent company’s finances. Financial highlights show steady growth over the past three fiscal years ending February 2025. Revenue increased from [NUM_7] million yen in FY2023 to [NUM_9] million yen in FY2025. Operating profit rose from [NUM_10] million yen to [NUM_12] million yen during the same period. Net income also saw a consistent rise, reaching [NUM_15] million yen in FY2025.
The company expects the consolidation to have a minor effect on future performance but will promptly disclose any significant developments related to this change.
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