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MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  MonotaRO Co., Ltd.    3064   JP3922950005

MONOTARO CO., LTD.

(3064)
  Report
End-of-day quote. End-of-day quote Tokyo Stock Exchange - 01/18
5580 JPY   +5.48%
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MonotaRO : Notice of Change in Subsidiaries (Dissolution and Liquidation)

09/22/2020 | 07:35pm EST

To Investors:

September 23, 2020

MonotaRO Co., Ltd.

(Code No. 3064 TSE 1st)

IR Contact: +81-6-4869-7190

Mail: pr@monotaro.com

Notice of Change in Subsidiaries (Dissolution and Liquidation)

MonotaRO Co., Ltd. (hereinafter "the Company") announces that the Board of Directors, at the meeting held on September 18, 2020, has resolved to dissolve and liquidate its subsidiary ZORO Shanghai Co., Ltd..

1. Reasons for dissolution

The Company established ZORO Shanghai Co., Ltd. (hereinafter "ZSH") in China in 2018, and since then, the Company has been engaged in the business of selling industrial indirect materials through the Internet to businesses users in the country. ZSH's performance has, however, continued to fall short of the business plan. Since there is no prospect of a turnaround in the future, the Company has decided to dissolve ZSH from the perspective of appropriate allocation of resources in MonotaRO Group's management.

2. Overview of the subsidiary to be dissolved

(1) Company Name

ZORO Shanghai Co., Ltd.

(2)

Location

Shanghai, People's Republic of China

(3)

Representative

Dongcan Yu

(4)

Description of Business

Planning, purchasing, and selling of indirect materials for factories

(5)

Capital

55 million RMB (about 906 million JPY)

(6)

Date of Establishment

February 2018

(7)

Major Shareholders and

MonotaRO Co., Ltd. (the Company) 66%, Sumitomo Corporation 34%

Ownership Percentage

Capital

ZSH is the Company's consolidated subsidiary

Personnel

Director and executive officers, three in total, of the

(8) Relationship between the

Company concurrently serve as chairman and

Company (Listed Company)

directors of ZSH.

and the Subsidiary

Business

The Company sells to and consigns business to ZSH.

Status of Relationship

ZSH is a consolidated subsidiary of the Company and

with Related Parties

is a related party of the Company.

(9) Business results and financial positions of ZSH for the last three fiscal years

Financial Period

Fiscal Yr. Dec. 2017

Fiscal Yr. Dec. 2018

Fiscal Yr. Dec. 2019

Net Assets

million JPY

149 million JPY

374 million JPY

Total Assets

million JPY

172 million JPY

435 million JPY

Sales

million JPY

10 million JPY

82 million JPY

Operating Income

million JPY

181 million JPY

327 million JPY

Ordinary Income

million JPY

180 million JPY

320 million JPY

Net Income

million JPY

180 million JPY

320 million JPY

*1: The figures for operating results and financial position have been converted into Japanese Yen based on the exchange rate for each fiscal year.

*2: "" above means negative.

Disclaimer

This is an English translation of the captioned notice.

This translation is prepared and provided for the purpose of the reader's convenience.

All readers are recommended to refer to the original version in Japanese language of the notice for complete information.

3. Schedule

The liquidation is expected to be completed upon completion of the necessary procedures in accordance with local laws. The specific date of completion of the liquidation is not yet determined at this time.

4. Prospect of effect

The effect on consolidated financial performance of the Company for the current fiscal year is expected to be small.

End of Notice

Disclaimer

This is an English translation of the captioned notice.

This translation is prepared and provided for the purpose of the reader's convenience.

All readers are recommended to refer to the original version in Japanese language of the notice for complete information.

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

MonotaRO Co. Ltd. published this content on 23 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 September 2020 23:34:02 UTC


© Publicnow 2020
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Sales 2020 157 B 1 514 M 1 514 M
Net income 2020 13 372 M 129 M 129 M
Net cash 2020 9 197 M 88,7 M 88,7 M
P/E ratio 2020 104x
Yield 2020 0,32%
Capitalization 1 386 B 13 369 M 13 365 M
EV / Sales 2020 8,77x
EV / Sales 2021 7,38x
Nbr of Employees 572
Free-Float 49,1%
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Technical analysis trends MONOTARO CO., LTD.
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 9
Average target price 4 335,00 JPY
Last Close Price 5 580,00 JPY
Spread / Highest target 17,9%
Spread / Average Target -22,3%
Spread / Lowest Target -55,2%
EPS Revisions
Managers and Directors
NameTitle
Masaya Suzuki President & Representative Director
Kinya Seto Chairman
Yasuo Yamagata Independent Outside Director
Haruo Kitamura Independent Outside Director
Masahiro Kishida Independent Outside Director
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