Note: This document is a direct translation of the Japanese release. If there are any discrepancies between this document and the original Japanese version, the original Japanese version prevails.
December 6, 2024 | |
Company Name | TV Asahi Holdings Corporation |
Representative | Hiroshi Hayakawa, Chairman |
Securities Code | 9409 (TSE Prime Market) |
Information Contact | Gengo Sunami, Member of the Board |
(TEL: +81-3-6406-1115) |
Notice Regarding the Recognition of Gain on Sale of Investment Securities
(Extraordinary Gains)
TV Asahi Holdings Corporation (the "Company") hereby announces that it has resolved at its Board of Directors held today to sell a portion of securities held and thus, will be recording gain on sale of investment securities (extraordinary gains) as follows.
1. Reason for sale of investment securities
The sale of securities is to reduce strategic holdings which has continually been made in order to improve capital efficiency. The capital gained from the sale of said securities shall be invested in growth, etc. in order to aim for further increase of corporate value.
- Details of sale of investment securities
- Investment securities to be sold: a portion of listed securities of one company held by the Company
- Timing of the sale: December 9, 2024 onwards
- Amount of gain on sale of investment securities: approximately 7.8 billion yen (forecast)
- Future outlook
The gain on sale of investment securities above has been accounted for in the Consolidated Financial Results Forecast stated in the Consolidated Financial Results for the Six Months Ended September 30, 2024 announced on November 8, 2024. Any required disclosure arising upon completion of gain on sale of investment securities shall be promptly made.