At a meeting of its Board of Directors held on March 22, 2006, Kuraray's wholly owned subsidiary Kuraray Trading Co., Ltd. decided to dissolve Kuraray Planning System Co., Ltd., a company in which it holds 100% equity.
Name | Kuraray Planning System Co., Ltd. |
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Address | 1-12-39, Umeda , Kita-ku, Osaka |
President | Kenzo Murai |
Established | June 11, 1997 |
Capitalization | ¥10 million |
End of fiscal year | March |
Principal shareholder | Kuraray Trading Co., Ltd. 100% |
Business activities | Planning, design and information provision for clothing, accessories and textiles |
Kuraray Trading has decided to outsource the subsidiary's business to improve the Group's operating efficacy.
March 2006 | Resolution for dissolution |
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August 2006 | Liquidation complete |
While Kuraray Planning System is a Kuraray non-consolidated subsidiary accounted for by the equity method, its dissolution will have little effect on the consolidated performance of Kuraray Co., Ltd.