Tokyo Century Corporation [8439.T]
TOKYO, Jun 25 (Pulse News Wire) – Tokyo Century Corporation (8439.T) announced that its subsidiary, Tokyo Century Asia Pte. Ltd., will dissolve and liquidate following a resolution made during the June 25 board meeting.
The move stems from a strategic review of operations in light of recent changes in the business environment. As a result, Tokyo Century Asia Pte. Ltd. will cease to be considered a significant subsidiary of Tokyo Century. Founded on November 14, 2018, Tokyo Century Asia Pte. Ltd.
Was established to manage investments and stock holdings in Singapore along with related activities. With total capital contributions amounting to thousand dollars, the company's latest fiscal year-end figures show assets totaling ¥135,349 thousand dollars and revenue of ¥591 thousand dollars. The dissolution process is expected to begin within a month after the reduction of capital, which is scheduled to take effect in late October 2026. In addition to the planned reduction of capital, three employees of Tokyo Century will step down from their roles as directors at Tokyo Century Asia Pte. Ltd. Business outsourcing contracts between the two companies will remain intact post-dissolution.
The impact of this decision on Tokyo Century’s consolidated performance for the fiscal year ending March 2027 has already been reflected in the earnings forecast released on May 11, 2026.
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