Liquidation Of Managing Subsidiary In U.K. As Part Of Reorganization Of Group

RYOHIN KEIKAKU

08/04/2024 07:04

April 8 (Reuters) - Ryohin Keikaku Co Ltd  7453.T :
    * RYOHIN KEIKAKU CO LTD - LIQUIDATION OF MANAGING SUBSIDIARY
IN
U.K. AS PART OF REORGANIZATION OF GROUP
    * RYOHIN KEIKAKU CO LTD - BUSINESS IN EUROPE HAS BEEN
UNDERPERFORMING DUE TO COVID-19 AND OTHER FACTORS, AND ITS DEBTS
HAVE INCREASED, RESULTING IN EXCESS LIABILITIES OF £33 MILLION
AS OF AUGUST 2023
    * RYOHIN KEIKAKU CO LTD - CURRENTLY EVALUATING IMPACT ON
CONSOLIDATED FINANCIAL RESULTS FOR FISCAL YEAR ENDING AUGUST
2024

Source text for Eikon:  ID:nTSph8a751 
Further company coverage:  7453.T 

 (Reporting by Kantaro Komiya)
 ((Kantaro.Komiya@thomsonreuters.com;))