Harima Chemicals Group, Inc.
Notice Regarding the Sale of SunPine AB Shares (Progress of Disclosure Items)
Sale of SunPine AB shares to VAROPreem AB completed. Proceeds will be used for capital investments and debt reduction. Approximately 3.7 billion yen in special profit from the sale of affiliate shares expected in the third quarter of the fiscal year ending March 2027.
Key Figures
- Profit from sale of affiliate shares (special profit) about 3.7 billion yen
- Sale of SunPine AB shares completed (proceeds received)
- Use of sale proceeds: improvements in financial structure through growth-related capital investment and debt reduction
AI要約
Sale Completion and Financial Impact
A contract has been signed to sell SunPine AB, indirectly held through the consolidated subsidiary Lawter Europe BV, to VAROPreem AB, and the sale is considered complete upon receipt of the sale proceeds. In the third quarter of the fiscal year ending March 2027, it is expected to record approximately 3.7 billion yen as a special profit from the sale of affiliate shares, and if any revisions to earnings guidance occur, they will be promptly disclosed. Proceeds are planned to be allocated to capital investments in growth areas and debt reduction to improve the financial condition.
Impact on Shareholder Returns and Capital Policy
The aim is to strengthen the financial base through improvements in the financial structure achieved by the sale. The appearance of a special profit is a temporary factor contributing to earnings improvement, but there is no disclosure in this IR of future earnings outlook or additional capital policy.
Harima Chemikal Group Co., Ltd.
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