モリテックスチル resolved to sell part of its investment securities, with the gain on sale expected to total ¥747 million. The gain is expected to be recorded in the first-half results and significantly boost first-half and full-year net income.
モリテックスチル announced that it had resolved to sell 3 listed securities. The gain on sale is expected to be recorded as an extraordinary gain, with the amount estimated at approximately ¥747 million.
As a result, first-half net income is expected to be revised upward from the previous forecast of ¥330 million to ¥840 million, while full-year net income is expected to be revised upward from ¥500 million to ¥1.01 billion. A review of policy-held shares is cited as the primary reason for the sale.