Sekisui Jushi Corporation
Notice of Application for Purchase of Treasury Shares via ToSTNeT-3 by an Equity-Method Affiliate
Sekisui Jushi Corporation has decided to apply to sell part of its holdings in equity-method affiliate Nihon Kogyo through Nihon Kogyo's treasury share purchase via ToSTNeT-3. Sekisui Jushi Corporation will apply 380,000 shares of the 690,000 shares it holds. If the sale is completed, Sekisui Jushi Corporation is expected to no longer treat Nihon Kogyo as an equity-method affiliate. A loss on sale of affiliate shares may be recorded in the consolidated results for the fiscal year ending March 2027, but the impact is expected to be minor.
Key Figures
- Anticipated loss on sale of affiliate shares: expected (Unknown)
- Sekisui Jushi holdings in Nihon Kogyo: 690,000 shares (380,000 shares applied)
- Impact if sale is completed: expected to be recorded in consolidated results for fiscal year ending March 2027 (minor)
AI要約
Summary of the News
This notice announces that Sekisui Jushi Corporation resolved to apply to sell part of its holdings in equity-method affiliate Nihon Kogyo when Nihon Kogyo conducts a purchase of treasury shares via ToSTNeT-3. The applied shares amount to 380,000 of the 690,000 shares held, aiming to reduce capital ties and improve capital efficiency. Business cooperation will continue.
Future Impact and Schedule
If all applied shares are sold, a loss on sale of affiliate shares is expected to be recorded in the consolidated financial statements for the fiscal year ending March 2027. The impact is expected to be minor, and any material impact will be disclosed promptly.
Sekisui Jushi Corporation
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