Notice Regarding Cancellation of the Previously Announced Change in a Specified Subsidiary (Share Transfer)

Summary by 6ix AI

Hirata Corporation has announced the cancellation of a previously planned share transfer agreement involving its subsidiary, Trinity Co., Ltd. The decision to terminate the agreement was made after both parties determined that they could not meet the initially contemplated conditions. As a result, Trinity Co., Ltd. will continue to be a consolidated subsidiary of Hirata Corporation, with no changes to specified subsidiaries expected. The company anticipates that this cancellation will have an immaterial impact on its consolidated financial results for the upcoming fiscal year.

Written by 6ix AI from the company’s filing. How 6ix writes summaries