SAKAI HEAVY INDUSTRIES,LTD. [6358.T]
TOKYO, Mar 12 (Pulse News Wire) – Sakai Heavy Industries,ltd. (6358.T) announced today that its board of directors approved the sale of part of its investment securities portfolio.
The move follows the company's policy of maintaining holdings below 20% of consolidated net assets. The planned sale involves some of the company’s publicly traded shares and is expected to close in March 2026. Sakai anticipates generating approximately ¥1.100 billion from the transaction. However, due to the highly uncertain market conditions, particularly concerning the Middle East situation, the actual proceeds could differ significantly from the estimated amount.
This special gain will be recognized as extraordinary income in the fourth quarter of the fiscal year ending March 2026. The impact of this anticipated gain has been reflected in the revised full-year earnings forecast released concurrently. The company cautions that future performance may vary based on various factors beyond their control. Sakai Heavy Industries' detailed policy on shareholdings can be found on their website at https://www.sakainet.co.jp/ir/item/cg_202406_kabusiki.pdf.
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