Inabata : Notice Concerning Recording of Gain on Sales of Investment Securities (Extraordinary Income)
February 07, 2022 at 12:28 am EST
Share
To whom it may concern:
February 7, 2022
Company name:
Inabata & Co., Ltd.
Representative:
Katsutaro Inabata, Director, President
(Stock code: 8098, First Section of the Tokyo Stock Exchange)
Inquiries:
Koichi Noda, General Manager,
Financial Management Office
(TEL 03-3639-6421)
Notice Concerning Recording of Gain on Sales of Investment Securities
(Extraordinary Income)
Inabata & Co., Ltd (the "Company") resolved to sell part of the investment securities held by the Company at the Board of Directors' meetings held on February 7, 2022. The Company hereby announces that it expects to record extraordinary income in the fourth quarter of the current fiscal year (ending March 31, 2022) as a result of these resolutions. Details are as follows.
Reason for sale of investment securities
In order to pursue greater efficiency of owned assets as part of the policy on reduction of investment securities under the mid-term business plan "New Challenge 2023."
Details of sale of investment securities
(1)
Investment securities to be sold:
The marketable securities of one listed company owned by the
Company
(2)
Time of recognition of gain on sales
of investment securities:
In the fourth quarter
(3)
Gain on sales of investment securities:
Approx. 1,750 million yen (estimate)
3. Future outlook
The above gain on sales of investment securities is expected to be recorded as extraordinary income by the end of
March 2022. The Company has reflected the effect of the sale on its operating results in the "Notice Concerning Revision of Full-year Consolidated Earnings Forecast for the Fiscal Year Ending March 31, 2022" announced today.
(Reference)
Gain on sales of investment securities recorded in the nine months ended December 31, 2021:
7,100 million yen
Attachments
Original Link
Original Document
Permalink
Disclaimer
Inabata & Co. Ltd. published this content on 07 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 February 2022 05:27:07 UTC.
Inabata & Co., Ltd. is a Japan-based company that sells information and electronics, chemicals and other products. It operates in five business segments. The Information and Electronics segment provides semiconductors and liquid crystal materials, machinery equipment, ink for copiers and printers, as well as materials for electronics industry. The Chemical segment offers raw materials of automobile components, resins and gum, paintings and inks, paper manufacturing chemicals. The Living Industry segment sells intermediates for medical and agricultural chemicals, fine chemicals, raw materials of pesticide and toiletries, functional food, marine products, agricultural products, and starches. The Synthetic Resin segment provides general-purpose resins and engineering plastic. The Housing Environment segment sells wood, bonded wood, wood construction materials, housing equipment and housing-related materials.
INABATA & CO.,LTD. 