Nexyzgroup revises earnings upward after subsidiary stock sale
Nexyzgroup Corporation has revised its consolidated earnings forecast for the fiscal year ending September 30, 2025. Net profit attributable to parent company shareholders is now projected to be JPY 850 million, an increase of JPY 150 million (21.4%) from the previous forecast of JPY 700 million. This revision is primarily due to a special gain of JPY 430 million from the partial transfer of shares in its non-consolidated subsidiary, MUSIC CIRCUS, to SBI Holdings, and a review of corporate tax.
Additionally, Nexyzgroup announced a capital and business alliance between its consolidated subsidiary, Brangista, and SBINM Godo Kaisha, a member of the SBI Group. While this will result in Nexyzgroup's sole voting rights ratio in Brangista falling below the majority, the company, combined with closely related parties, will maintain a majority, ensuring Brangista remains a consolidated subsidiary. This alliance aims to expand business opportunities and enhance corporate value for both groups.
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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