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KIMOTO CO LTD to Dissolve Subsidiary and Expects Extraordinary Loss for FY 2013


Friday, 1 Mar 2013 07:30pm EST 

KIMOTO CO LTD announced that it has decided to dissolve a wholly owned subsidiary KIMOTO POLAND Sp. z o. o., which has been engaged in processing and sale of functional film in Poland, in late June 2013. The liquidation will be completed by the end of November 2013. As a result, the Company expects the extraordinary loss of JPY 360 million caused by liquidation of affiliated company, for the fiscal year ending March 2013. 

Company Quote

316.0
-1.0 -0.32%
2:00am EDT