Fukuyama Transporting Co., Ltd. expects to sell part of its listed securities holdings and recognize approximately ¥8 billion in gains on the sale of investment securities as extraordinary income. The sale period is scheduled to run from 7 October through the end of March next year.
Fukuyama Transporting Co., Ltd. announced a policy of selling part of its listed securities holdings as its share price continued to rise for a fourth consecutive session. The sale is expected to generate approximately ¥8 billion in gains on the sale of investment securities, which will be recognized as extraordinary income.
The sale period is scheduled to run from 7 October through the end of March next year. The company said it plans to reduce its cross-shareholdings as part of efforts to promote management focused on capital efficiency, as set out in its medium-term management plan. The gains on sale are reportedly already incorporated into its consolidated earnings forecast for the fiscal year ending March 2027.
The announcement has been reported as part of an initiative aimed at maintaining financial soundness and improving capital efficiency, and the market may focus on the company’s future financial plans and developments in its shareholdings.