Pola Orbis Holdings Inc. TSE:4927
Pola Orbis : (Transition of Disclosures) Notice on Completion of Liquidation of the Consolidated Subsidiary
Source: MarketScreener
Company Name: | POLA ORBIS HOLDINGS INC. |
Representative: | Yoshikazu Yokote, Representative Director and President |
TSE Code: | 4927 (Prime Market) |
Contact: | Yuta Abe, General Manager, Corporate Div. |
TEL: +81-3-3563-5517 |
POLA ORBIS HOLDINGS INC. has proceeded with the liquidation process of our consolidated subsidiary, Orbis Beijing Inc., as announced in the "Announcement Regarding the Dissolution and Liquidation of a Consolidated Subsidiary" dated May 26, 2025. We hereby announce that we have confirmed the completion of the liquidation of the subsidiary as follows.
Completion date of liquidation December 18, 2025
Summary of the liquidated subsidiary
(1)
Company name
Orbis Beijing Inc.
(2)
Location
Beijing, People's Republic of China
(3)
Name and title of the representative
Seiji Kurehara, Representative Director and President
(4)
Description of business
Sales of cosmetics, etc.
(5)
Capital
US $58,680 thousand
(6)
Date of foundation
September 2008
(7)
Major shareholder and shareholding ratio
POLA ORBIS HOLDINGS INC. 61.49% ORBIS Inc. 38.51%
Impact on business results
The impact on the consolidated financial results for the current fiscal year resulting from the liquidation of the consolidated subsidiary is as disclosed in the "Announcement Regarding the Dissolution and Liquidation of a Consolidated Subsidiary" dated May 26, 2025.
Note: The impact on the consolidated financial results is estimated based on the information available today and the actual impact may differ due to various changes of situation in the future.