Maleri Holdings, a major automobile parts company that is in a difficult business situation, applied for the use of a system called "Turnaround ADR" for one day.
While continuing our business, our policy is to find a sponsor company and aim to rebuild our management.
Marelli, a major auto parts maker headquartered in Saitama City, has insolvency as of the end of December last year due to a drop in production and sales due to the impact of the new corona virus. There is a risk of falling into.
For this reason, he decided to use a national system called "Turnaround ADR" to support the reconstruction of the company, and depending on the company, he applied to a specialized organization on the 1st.
The total amount of debt amounts to 1 trillion yen, and we are asking banks for financial support such as exemption.
The company will use the system to continue its business, find a sponsor company, and formulate a revitalization plan for the recovery of management.
Calsonic, which produces parts related to air conditioning and engines, is Calsonic Kansei, whose predecessor company was a subsidiary of Nissan Motor Co., Ltd.
Currently, it is under the umbrella of the American investment fund "KKR" and has sales of more than 1.2 trillion yen in the fiscal year ending December 2020, making it one of the largest automobile parts manufacturers in the world.