Kumagai Gumi Co.,Ltd.
Notice Regarding Partial Sale of Shares in Sumitomo Forestry Co., Ltd. and Recording of Special Profit (Gain on Sale of Investment Securities)
Kumagai Gumi Co., Ltd. sold 4,777,600 shares (0.8%) of Sumitomo Forestry Co., Ltd. and recorded a gain on sale of investment securities of 3,763 million yen.
Key Figures
- Number of shares sold: 4,777,600 shares (0.8% of total outstanding shares)
- Number of shares held before sale: 15,592,500 shares (2.5%)
- Gain on sale of investment securities: 3,763 million yen
AI要約
Overview of Share Sale
Kumagai Gumi Co., Ltd. sold 4,777,600 ordinary shares of Sumitomo Forestry Co., Ltd. (0.8% of total outstanding shares) through a block trade via securities firms. Shares held before the sale were 15,592,500 shares (2.5%), and after the sale, 10,814,900 shares (1.7%).
Recording of Special Profit and Impact on Earnings
As a result of this share sale, a gain on sale of investment securities of 3,763 million yen (recorded as gain on sale of equity-method affiliates' shares in individual financial statements) will be recognized as a special profit in the consolidated and individual financial results for the fourth quarter of the fiscal year ending March 2026. Revisions to full-year earnings and dividend forecasts have already been separately announced, and no additional revisions will be made based on this final amount.
