Oki Electric Industry to Report Investment Securities Sale Gain in FY27 Q1

TOKYO, May 22 (Pulse News Wire) – Oki Electric Industry Company,limited (6703.T) announced today that it plans to report a gain from the sale of investment securities in its fiscal year ending March 2027's first quarter. The company participated in the share issuance of Huuric Corporation, selling its ordinary shares held in Huuric.

Details of the transaction include: - Number of shares sold: 10,000,000 - Total proceeds from sale: ¥16.20 billion (at a price of 1,615.26 per share) - Expected investment securities sale gain: ¥5.100 billion This anticipated gain has already been incorporated into Oki Electric’s previously disclosed forecast for the fiscal year ending March 2027. The decision to sell was made following the determination of the acceptance price for the share issuance, which was initially announced on May 21, 2026.