Asia
Litalico to Record 140 Million Yen Extraordinary Loss from Merger with Subsidiary
Litalico (TYO:7366) said it expects to record an extraordinary loss of 140 million yen in its non-consolidated financial statements following the absorption of a wholly owned subsidiary, according to a Friday filing on the Tokyo Stock Exchange.The loss relates to the extinguishment of shares of Plus One Solutions, which was merged into the company effective Nov. 1, 2025, reflecting the difference between the subsidiary's net assets and the book value of its shares.The company, which provides employment support and learning support services for people with disabilities, said the loss will not affect consolidated financial results for the fiscal year ended March 31.
TYO:7366