Kato Works Co., Ltd. announced the liquidation of its consolidated subsidiary Kato (China) Construction Machinery Co., Ltd., which was previously announced on November 8, 2024. In connection with this liquidation decision, the company recorded a special loss of 1.484 billion yen for subsidiary stock valuation impairment in individual financial statements. The impact is limited to individual statements and is eliminated in consolidated financial results.
¥1.5bn
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Summary
Kato Works Co., Ltd. announced the liquidation of its consolidated subsidiary Kato (China) Construction Machinery Co., Ltd., which was previously announced on November 8, 2024. In connection with this liquidation decision, the company recorded a special loss of 1.484 billion yen for subsidiary stock valuation impairment in individual financial statements. The impact is limited to individual statements and is eliminated in consolidated financial results.
Counterparty: Kato (China) Construction Machinery Co., Ltd. (加藤（中国）工程机械有限公司)