H2O Retailing to sell Toho shares for an estimated JPY 13.3 bn gain

H2O Retailing Corporation announced its decision to apply for Toho Co. Ltd.'s tender offer for its own shares. The company plans to tender 1,700,000 shares of Toho's common stock at JPY 8,782 per share, totaling an estimated JPY 14.93 bn. This transaction is expected to reduce H2O Retailing's stake in Toho from 5.19% to 4.19%.

The tender offer period is scheduled from October 16, 2025, to November 13, 2025, with settlement commencing on December 8, 2025. H2O Retailing anticipates recording an estimated JPY 13.3 bn gain on the sale of investment securities as extraordinary income in the third quarter of its fiscal year ending March 2026, assuming all tendered shares are purchased.

H2O Retailing is currently evaluating the impact of this transaction on its consolidated earnings forecast for the fiscal year ending March 2026. Further disclosures will be made if any material events arise.