Source disclosure: January 09, 2026
NISHIKAWA RUBBER CO.,LTD. [5161.T]
TOKYO, Jan 09 (Pulse News Wire) – Nishikawa Rubber CO.,LTD. (5161.T) announced today that it has sold part of its holdings in Daikyo Nisikawa Co., Ltd., resulting in a special gain expected to be reported in the fourth quarter of fiscal year 2026.
The sale involved selling 2,385,200 shares of Daikyo Nisikawa common stock through a private placement transaction conducted via ToSTNeT-3. Each share was sold at ¥812, generating a total revenue of ¥1.937 billion. As a result, the company anticipates recording an investment securities disposal profit of ¥1.760 billion as a special item in its consolidated results for the fourth quarter of fiscal year 2026.
This move aligns with the company's strategy outlined in its Global Medium-Term Business Plan update released on February 10, 2025, which targets achieving ROE of 9% by scaling down policy-held equity investments by ¥10.00 billion by March 2028. Regarding the impact on the company’s forecasted consolidated performance for fiscal year 2026, Nishikawa Rubber stated that further analysis is ongoing. Any necessary adjustments will be promptly disclosed if required.
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