Sumitomo Osaka Cement to sell investment securities
Sumitomo Osaka Cement Co., Ltd. (TSE:5232) announced today that its board of directors has approved the sale of certain investment securities. This decision aligns with the company's corporate governance policy, focused on streamlining cross-shareholdings and boosting capital efficiency. The company intends to reduce its cross-shareholdings to less than 10% of consolidated net assets by fiscal 2026. The sale includes 9 listed securities, scheduled to occur between July 1, 2025, and March 31, 2026. The estimated gain on the sale is approximately JPY3.7 billion, though this figure is subject to market fluctuations. Sumitomo Osaka Cement is currently reviewing the potential impact on its earnings forecast and will announce any necessary revisions.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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