March 22, 2006
Kuraray Co., Ltd.
At a meeting of its Board of Directors held on March 22, 2006, Kuraray's wholly owned subsidiary Kuraray Trading Co., Ltd. decided to dissolve Kuraray Planning System Co., Ltd., a company in which it holds 100% equity.
|Name||Kuraray Planning System Co., Ltd.|
|Address||1-12-39, Umeda , Kita-ku, Osaka|
|Established||June 11, 1997|
|End of fiscal year||March|
|Principal shareholder||Kuraray Trading Co., Ltd. 100%|
|Business activities||Planning, design and information provision for clothing, accessories and textiles|
Kuraray Trading has decided to outsource the subsidiary's business to improve the Group's operating efficacy.
|March 2006||Resolution for dissolution|
|August 2006||Liquidation complete|
While Kuraray Planning System is a Kuraray non-consolidated subsidiary accounted for by the equity method, its dissolution will have little effect on the consolidated performance of Kuraray Co., Ltd.