TOKYO, Jun 24 (Pulse News Wire) – Okamura Corporation (7994.T) announced plans to dissolve two subsidiaries, Shuyou Okamura Co., Ltd. and Sabahata Sangyo Co., Ltd., effective June 24, 2026.
The decision was made during a board meeting held. Shuyou Okamura, established on September 09, 1988, specializes in steel furniture and store fixtures manufacturing. It has a capital of ¥100 million and is wholly owned by Okamura Corporation, holding a share ratio of 100%. Operations will cease on June 30, 2027. Sabahata Sangyo, founded on February 14, 1962, focuses on commercial facility fixtures production.
With a capital of ¥60 million and fully owned by Okamura Corporation, holding a share ratio of 100%, operations will halt on March 31, 2027. Both companies are considered related parties due to their former employees serving as representatives. The dissolution follows Okamura's long-term vision and mid-term management plan for 2028, aiming to optimize production systems through structural reforms. The company assures stakeholders that measures will be taken to minimize disruptions. Specific timelines for dissolving and liquidating the entities will depend on completing necessary legal procedures.
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