Fuji to absorb Sunny Tsubaki, waive claims, close stores
Fuji Co. (TSE:8278) announced plans to absorb its wholly-owned subsidiary, Sunny Tsubaki Co., effective September 1, 2025, via a simplified absorption-type merger. As part of this restructuring, Fuji will waive JPY750,000 thousand in loans receivable from Sunny Tsubaki to resolve its insolvency, recognizing a corresponding loss in its non-consolidated financial statements, of which JPY733,871 thousand was already accounted for. Additionally, Fuji announced a decision to close some of its stores, resulting in an extraordinary loss provision of JPY1,753 million to be recorded in the first quarter of the fiscal year ending February 28, 2026. Despite the planned store closures, Fuji does not expect to revise its consolidated financial results forecasts for the fiscal year. The merger aims to enhance Fuji Group's corporate value through organizational integration and improved operational efficiencies.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
News Alerts
Get instant email alerts when Fuji publishes news
Free account required • Unsubscribe anytime