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NPC Incorporated Dissolves Subsidiary; Expects Extraordinary Losses for FY 2013

Tuesday, 9 Jul 2013 02:05am EDT 

NPC Incorporated announced that it has entered the procedure of dissolving a wholly owned subsidiary, NPC-Meier GmbH, which is principally engaged in provision of solar power battery manufacturing equipments, based in Germany. Due to this development, the Company is expecting an extraordinary loss of JPY 228 million, as pension, lawyer fee and cost in cancellation of contract, as well as a loss of JPY 338 million, as loss in liquidation of the subsidiary's capital, for the fiscal year ending August 31, 2013. 

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