Nishikawa Rubber Co., Ltd.
Notice Regarding Partial Sale of Investment Securities and Recognition of Extraordinary Income
Nishikawa Rubber Co., Ltd. plans to record extraordinary income of approximately 1,760,391,000 yen in the fourth quarter of the fiscal year ending March 2026 by selling 2,385,200 shares of DaikyoNishikawa stock for approximately 1,936,782,000 yen.
Key Figures
- Number of shares sold: 2,385,200 shares (DaikyoNishikawa common stock)
- Total sale amount: 1,936,782,400 yen (812 yen per share)
- Investment securities gain: 1,760,391,253 yen (to be recorded in Q4 of FY March 2026)
AI要約
Overview of Investment Securities Sale
Nishikawa Rubber Co., Ltd. sold 2,385,200 common shares of DaikyoNishikawa Corporation through an off-auction buyback transaction (ToSTNeT-3) at 812 yen per share, totaling 1,936,782,400 yen. As a result of this transaction, the company expects to record an investment securities gain (extraordinary income) of 1,760,391,253 yen on a consolidated basis in the fourth quarter of the fiscal year ending March 2026.
Background and Future Outlook
This sale is part of a policy to sell approximately 10 billion yen worth of strategically held shares by the fiscal year ending March 2028, aiming to achieve a ROE of 9%, based on the supplementary edition of the "2030 Global Medium- to Long-term Management Plan" announced on February 10, 2025. After the sale, the number of shares held will be 9,450,000. The impact on the consolidated earnings forecast for the fiscal year ending March 2026 is currently under review, and any necessary revisions will be announced promptly.
