Sanko Marketing Foods expects income from Vietnam joint venture exit
Sanko Marketing Foods announced on October 20, 2025, that it expects to record JPY 32 million in non-operating income during the second quarter of the fiscal year ending June 2026 (October 1, 2025, to December 31, 2025). This income stems from the dissolution of a joint venture and the transfer of participating capital in Vietnam.
Sanko Marketing Foods will transfer its 30% capital contribution in AKIKO SERVICE AND TRADING JOINT STOCK COMPANY to SONG DE TRADING SERVICE INVESTMENT COMPANY LIMITED, effectively dissolving the joint venture agreement. A portion of the expenses incurred to date will be reimbursed following this dissolution, resulting in the JPY 32 million non-operating income. The company noted that the impact amount is subject to fluctuation based on the actual exchange rate on the day of receipt.
The company clarified that the impact of this non-operating income on its consolidated business performance for the fiscal year ending June 2026 has already been incorporated into its consolidated business forecasts, which were published on August 14, 2025. Sanko Marketing Foods stated it would promptly announce any necessary revisions to its business forecasts if deemed appropriate.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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