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Totoku Electric Co Ltd to Dissolve Overseas Subsidiary; Expects Extraordinary Profit for FY 2014

Friday, 1 Mar 2013 01:30am EST 

Totoku Electric Co Ltd announced that it has decided to dissolve a wholly owned overseas subsidiary, TOTO KU (THAILAND)CO.,LTD. The liquidation is expected to be completed by May 31, 2013. The Company expects JPY 30 million extraordinary profit on reversal of allowance for impairment for the fiscal year ending March 2014. 

Company Quote

-11.0 -0.65%
21 Nov 2014