TOKYO, Mar 10 (Pulse News Wire) – New Japan Chemical CO.,LTD. (4406.T) announced plans to record a special loss due to the closure of its Sakai factory and a potential gain from the sale of investment securities.
At today’s board meeting, the company decided to close the Sakai factory by June 30, 2027, resulting in estimated special losses of March 10, 2026 related to associated costs. The decision follows efforts to optimize resources and improve production efficiency within their five-year mid-term plan ending in fiscal 2025.
Additionally, the company resolved to sell part of its held investment securities from March 11, 2026, to September 30, 2026, expecting a possible gain of March 11, 2026. However, the final amount could vary based on future stock prices, economic conditions, and market trends.
Regarding the fiscal year's performance forecast, the company stated it is currently reviewing other factors and will promptly disclose any necessary updates.
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