Source disclosure: February 26, 2026, 12:30 JST
UNITED ARROWS LTD. [7606.T]
TOKYO, Feb 26 (Pulse News Wire) – United Arrows Ltd. (7606.T) announced today that its board of directors resolved to abandon a debt claim against its subsidiary, Kohen Co., Ltd.
The decision follows the conclusion of a share transfer agreement with Gietto Corporation for all shares held in Kohen. Kohen, established on May 20, 2008, operates in the planning, manufacturing, and sales of Apparel Iryouhin. It has a capital of ¥100 million. As of the latest fiscal year, Kohen's major shareholder is United Arrows Ltd., holding 100% percent of the shares. Four members of United Arrows' board also serve as executives of Kohen.
The abandoned debt claim amounts to ¥5.858 billion, representing 15.5% percent of Kohen’s consolidated net assets. The abandonment is scheduled to take place on February 27, 2026. This action will result in a special loss of ¥1.795 billion being recorded individually but will be offset in the consolidated accounts. Following the completion of the share transfer, Kohen will be excluded from United Arrows’ consolidated subsidiaries. An assessment of the impact on the March 2026 fiscal year results is ongoing.
Any further necessary disclosures will be made promptly.
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