Kitahama Capital Partners Co.,Ltd. [2134.T]
TOKYO, Mar 26 (Pulse News Wire) – Kitahama Capital Partners CO.,LTD. (2134.T) announced plans to dissolve its subsidiary, Yamaguchi Onoda Biomass Fuel Supply Co., Ltd., leading to anticipated special gains of ¥62.8 million for the fiscal year ending March 31, 2026.
The decision was made during a board meeting held on March 17 to optimize group operations within the same field. The subsidiary began operations in March 2024 but faced strategic adjustments aimed at improving overall operational efficiency across the group. As a result, the dissolution and liquidation process will proceed, impacting the parent company's financial statements positively through the recognition of special gains.
Key details of the subsidiary include: - Name: Yamaguchi Onoda Biomass Fuel Supply Co., Ltd. Operating profit stood at -¥274,000 billion, --¥14.3 billion, and --¥62.5 billion, while net income reached -¥351,000 billion, --¥15.7 billion, and --¥60.2 billion over the same period. The company stated that the impact of this decision is reflected in their previously disclosed revised forecast for the entire fiscal year.
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