Nisshinbo Holdings announced the sale of 四国化ＨＤ shares and indicated that it expects to record an extraordinary gain. The share price rebounded following the announcement and is trading higher than the previous day’s close.
Nisshinbo Holdings opened higher than the previous day’s close and, after the market closed, disclosed the sale of part of its investment securities and its outlook for recording an extraordinary gain. This indicated the possibility of recognizing additional profit, although the announcement did not specify the amount or period involved.
The shares sold were part of its holdings in 四国化学ホールディングス, and the company is expected to record an extraordinary gain from the sale. The share price reacted to the announcement, which may have affected the day’s market trend.