Calsonic Holdings, a major automobile parts company that is in a difficult business situation, has decided to apply for the use of a system called "Turnaround ADR" on the 1st.
We will seek financial support from banks and aim to rebuild while continuing our business.
Marelli, a major automobile parts manufacturer headquartered in Saitama City, has debt as an asset as of the end of December last year because the production of automobile manufacturers such as Nissan Motor Co., Ltd. fell due to the influence of the new corona virus and sales decreased. There is a risk of over-debt exceeding the above.
For this reason, we were making adjustments toward the use of a national system called "Turnaround ADR" that supports the reconstruction of companies, but according to the people concerned, we were able to obtain consent from financial institutions. On the 1st, he decided to apply to a specialized organization.
The total amount of debt is estimated to be about 1 trillion yen, and the company has decided to ask banks for financial support such as exemption.
Calsonic, which produces engine-related parts, is currently under the umbrella of the American investment fund KKR, and is one of the world's leading auto parts manufacturers with sales of more than 1.2 trillion yen in the fiscal year ending December 2020. ..
The predecessor company is Calsonic Kansei, a subsidiary of Nissan Motor Co., Ltd., and its policy is to find a sponsor company and rebuild its management while continuing its business using the national system.