Expected recognition of an extraordinary gain from the sale of shares held for policy purposes
SEIKA CORPORATION (the Company)
4 shareholdings held for policy purposes (names not disclosed)
The Company is reducing its shares held for policy purposes after reviewing the benefits of holding them and determining whether continued ownership is appropriate, in accordance with Japan's Corporate Governance Code.
Approximately ¥1.6 billion (estimate), recognized as an extraordinary gain (gain on sale of investment securities)
Fiscal year ending March 2027
The Company plans to sell 4 shareholdings between 13 May 2026 and the end of December 2026. It will continue reviewing its holdings to reduce shares held for policy purposes from the fiscal year ending March 2029 onward, with the aim of further improving asset efficiency. The proceeds from the reduction will be used for growth investments, shareholder returns and other purposes.
| Item | Details |
|---|---|
| Event name | Expected recognition of an extraordinary gain from the sale of shares held for policy purposes |
| Subject Entity | SEIKA CORPORATION (the Company) |
| Target Locations / Products | 4 shareholdings held for policy purposes (names not disclosed) |
| Cause | The Company is reducing its shares held for policy purposes after reviewing the benefits of holding them and determining whether continued ownership is appropriate, in accordance with Japan's Corporate Governance Code. |
| Amount of Impact on Business Performance | Approximately ¥1.6 billion (estimate), recognized as an extraordinary gain (gain on sale of investment securities) |
| Accounting period in which recognized | Fiscal year ending March 2027 |
| Outlook | The Company plans to sell 4 shareholdings between 13 May 2026 and the end of December 2026. It will continue reviewing its holdings to reduce shares held for policy purposes from the fiscal year ending March 2029 onward, with the aim of further improving asset efficiency. The proceeds from the reduction will be used for growth investments, shareholder returns and other purposes. |
Items this document does not state (18)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The Company is reducing its shares held for policy purposes after reviewing the benefits of holding them and determining whether continued ownership is appropriate, in accordance with Japan's Corporate Governance Code. The Company plans to use the proceeds from the reduction for growth investments, shareholder returns and other purposes.