Tokyo Cosmos Electric Co.,Ltd. [6772.T]
TOKYO, Jun 05 (Pulse News Wire) – Tokyo Cosmos Electric CO.,LTD. (6772.T) received notice from the Kanto Finance Bureau based on Article 164(4) of the Financial Instruments and Exchange Act, indicating that trading profits had been identified from transactions involving its major shareholder, Seisei Corporation.
According to the notification dated May 07, 2026, certain short-term trades conducted by Seisei resulted in gains that fall under the provisions of Article 164(1). On June 05, 2026, Tokyo Cosmos Electric formally requested the return of these trading profits. The company stated that while Seisei claims the trades were not intended to generate short-term profits, calculations under Article 164(1) indicate otherwise. As per the law, listed companies can request their officers or major shareholders to return such profits if earned within six months.
Tokyo Cosmos Electric determined it necessary to pursue the return of these profits due to its commitment to adhering strictly to legal requirements. Seisei has indicated its willingness to comply with the request, and discussions are ongoing to determine the specifics of the repayment process. Should the repayment impact the company's earnings forecast for the fiscal year ending March 2027, further updates will be provided. In addition, Tokyo Cosmos Electric plans to recognize the returned profits as extraordinary income in its consolidated financial statements for the fiscal year ending March 2027.
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