Toyo Seikan establishes new subsidiary to streamline Asian spare parts operations

Toyo Seikan Group Holdings announced on August 29, 2025, the establishment of Guangzhou Nansha Stolle Machinery Co., Ltd., a new subsidiary in Guangzhou, China. This strategic move aims to optimize spare parts sales for its engineering business across Asia, managed by its consolidated subsidiary, Stolle Machinery Company, LLC. The new entity, with a capital of 3 million Chinese yuan, is scheduled for establishment in September 2025 and will focus on selling parts for can and can-end making machines.

The newly formed subsidiary will centralize the import and sale of spare parts for customers in China and Southeast Asia. This restructuring involves transferring these sales operations from Stolle Machinery (Shanghai) Co., Ltd. and Stolle Asia Pacific Co., Ltd. Stolle Machinery (Guangdong) Co., Ltd., which manufactures and sells can-making machines and spare parts, will maintain its current operations and hold 100% ownership of the new company.

Toyo Seikan Group Holdings anticipates that this restructuring will have a minor impact on its consolidated financial results. The company reported a consolidated earnings forecast for fiscal 2025 (ending March 2026) with net sales of JPY 960,000, operating income of JPY 45,000, and profit attributable to owners of parent of JPY 46,000.