News Release 2015
Notice of Sale of Investment Securities and Associated Gain in Extraordinary Income
December 15, 2015
Tokai Carbon Co., Ltd. (with head office at 2-3, Kita-Aoyama 1-chome, Minato-ku, Tokyo, "Tokai Carbon") hereby announces that it has recorded a gain in Extraordinary income as a result of the sale of certain investment securities. Details are follows:
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Reason for sale
Investment securities were sold for the efficiency of assets and improvement of the financial standing.
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Applicable accounting period
December 15, 2015
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Details of sale
Classification of asset sold: 9 publicity listed securities held by Tokai Carbon Other Income recorded from sale: JPY 5,814 million
- Future implications
The sale of investment securities described above will be recorded as Extraordinary income in the consolidated financial results for the fiscal year ending December 31, 2015.
In the meantime, the Company will make an announcement immediately if any matters requiring disclosure arise as a result of changes in the impact of the transfer on the Group's financial results.
End of Notice
Tokai Carbon Co. Ltd. issued this content on 2015-12-17 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2015-12-17 12:47:59 UTC
Original Document: http://v3.eir-parts.net/EIR/View.aspx?template=ir_material&sid=47513&code=5301