Toho to sell Marui Group shares to reduce cross-shareholdings

Toho Co., Ltd. (TSE:9602) announced its decision to sell 3,779,300 shares of Marui Group Co., Ltd. as part of a secondary offering. This move aligns with Toho's strategy to reduce cross-shareholdings. The sale price to underwriters will be determined between July 14 and July 17, 2025. Toho anticipates recognizing a gain on the sale of investment securities, which will be recorded as extraordinary profit in the financial results for the second quarter of the fiscal year ending February 2026. The exact impact on Toho's financials will be disclosed promptly after the sale price is finalized.