Toyo Seikan to book JPY 11bn gain from asset sales

Toyo Seikan Group Holdings (TSE:5901) announced that it will recognize an extraordinary profit of JPY 11 billion in its fiscal year ending March 2026 (fiscal 2025) from the sale of investment securities. The decision, approved by the Board of Directors, involves selling shares in several listed companies held by the group between May 2025 and March 2026. This move is part of the company's "Mid-Term Management Plan 2025" and "Capital Efficiency Initiative 2027," which aims to improve asset efficiency by selling approximately JPY 60 billion worth of strategic shareholdings (including cross-shareholdings) between fiscal 2021 and fiscal 2027. The expected gain will be incorporated into the company's earnings forecast for fiscal 2025, scheduled for release on May 14, 2025.