Jcu Corporation TSE:4975

JCU : Notice Regarding Dissolution and Liquidation of a Consolidated Subsidiary

Published

Source: MarketScreener



August 29, 2025

Company name: JCU CORPORATION Representative: Masashi Kimura,

Representative Director, Chairman & CEO Stock code: 4975/Tokyo Stock Exchange, Prime Section Contact: Yoji Inoue, Director, Managing Executive Officer,

General Manager of Corporate Strategy Office

（TEL: +81-3-6895-7004）

Notice Regarding Dissolution and Liquidation of a Consolidated Subsidiary

JCU CORPORATION (hereafter, "the Company") hereby announces that the Company resolved at a meeting of the Board of Directors held on August 29, 2025, to dissolve and liquidate JCU INTERNATIONAL, INC. a consolidated subsidiary of the Company, as described below.

  1. Reason for the dissolution

    The Company established this subsidiary in October 2014 with the aim of developing demand in the automotive industry in the United States. However, the Company has decided to dissolve this subsidiary in order to improve management efficiency by consolidating the bases of JCU group.

  2. Overview of the subsidiary to be dissolved

    (1)

    Name

    JCU INTERNATIONAL, INC.

    (2)

    Location

    49108 Wixom Tech Drive Wixom, Michigan

    (3)

    Job title and name of representative

    Hiroshi Ishizuka, President

    (4)

    Description of business

    Sales of chemicals and machines for surface treatment

    (5)

    Share capital

    10,000 thousand US Dollar

    (6)

    Date of establishment

    October 20, 2014

    (7)

    Major shareholders and ownership ratios

    JCU CORPORATION (The Company) 100%

    Capital relationship

    The 100% subsidiary of the Company.

    (8)

    Relationship between the Company and said company

    Personal relationship

    The Company's officers and employees serve as officers.

    Business relationship

    The Company sells products to this subsidiary.

    Related party relationship

    A consolidated subsidiary of our company.

    (9)

    Operating results and financial positions of said company for the last three years

    As of / Fiscal year ended

    December 31, 2022

    December 31, 2023

    December 31, 2024

    Net assets

    398 million yen

    347 million yen

    297 million yen

    Total assets

    442 million yen

    365 million yen

    307 million yen

    Net sales

    268 million yen

    57 million yen

    52 million yen

    Operating profit

    (55) million yen

    (81) million yen

    (93) million yen

    Ordinary profit

    (52) million yen

    (77) million yen

    (86) million yen

    Net profit

    (45) million yen

    (77) million yen

    (86) million yen

  3. Date of dissolution

    As stated above, the Company resolved at a meeting of the Board of Directors held today to dissolve and liquidate this subsidiary.

    The liquidation is expected to be completed once procedures in accordance with local laws and regulations have been completed.

  4. Outlook

The impact of this matter on our consolidated financial results for the fiscal year ending March 31, 2026, is expected to be minor. If any matters requiring disclosure arise in the future, the Company will make appropriate disclosures as necessary.

Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.