The company's three specified subsidiaries—Kuroda Filtration Systems Technology (Shenzhen) Co., Ltd., Shanghai Kuroda Trading Co., Ltd., and Kuroda Manufacturing Vietnam Co., Ltd.—underwent capital reductions that resulted in their capitalization falling below 10% of the parent company's capital. Consequently, these three subsidiaries no longer qualify as specified subsidiaries under financial instruments exchange law. The capital reductions became effective on July 9, July 16, and October 8, 2025, respectively.
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Summary
The company's three specified subsidiaries—Kuroda Filtration Systems Technology (Shenzhen) Co., Ltd., Shanghai Kuroda Trading Co., Ltd., and Kuroda Manufacturing Vietnam Co., Ltd.—underwent capital reductions that resulted in their capitalization falling below 10% of the parent company's capital. Consequently, these three subsidiaries no longer qualify as specified subsidiaries under financial instruments exchange law. The capital reductions became effective on July 9, July 16, and October 8, 2025, respectively.
The company's board of directors resolved on January 15, 2026 to change its representative director effective June 23, 2026. Yoshinobu Tao will be promoted from Vice President Executive Officer and Director to Representative Director and President, while Koichi Hosokawa will step down as Representative Director and retire from the board at the conclusion of the upcoming shareholders' meeting.
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Summary
The company's board of directors resolved on January 15, 2026 to change its representative director effective June 23, 2026. Yoshinobu Tao will be promoted from Vice President Executive Officer and Director to Representative Director and President, while Koichi Hosokawa will step down as Representative Director and retire from the board at the conclusion of the upcoming shareholders' meeting.