Sekisui Jushi Corporation
Notice Regarding Change in Equity-Method Affiliated Company
The sale of 358,400 shares of Nippon Kogyo was completed. The company is expected to cease being an equity-method affiliated company, reducing the capital relationship. Business cooperation will continue, and a loss on sale of affiliate shares is expected in the consolidated results for the fiscal year ending March 2027, but the impact is expected to be minor.
Key Figures
- Number of shares transferred: 358,400 shares
- Transfer amount: 409 million yen
- Voting rights ownership ratio after transfer: 13.02%
AI要約
Overview and Background of the Change
Today, a transaction to sell 358,400 shares of Nippon Kogyo, an equity-method affiliated company, was completed, and Nippon Kogyo is expected to no longer qualify as an equity-method affiliated company. While the capital relationship will be reduced, both companies will continue business cooperation, and they have confirmed they will continue to collaborate while making independent management decisions.
Financial Impact and Outlook
Due to the sale, a loss on the sale of affiliate shares is expected to occur in the consolidated financial results for the fiscal year ending March 2027; however, the impact on the Company's consolidated performance is expected to be minor.
Sekisui Jushi Corporation
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