Hosiden lifts profit forecasts, plans share buyback and subsidiary liquidation
Hosiden Corporation reported consolidated net sales of JPY 245,426 million for the first six months ended September 30, 2025, exceeding previous forecasts by JPY 10,426 million due to higher-than-expected amusement-related business sales and a weaker Japanese yen. Operating profit reached JPY 8,098 million, and profit attributable to owners of parent was JPY 6,108 million, both surpassing forecasts due to strong sales, the yen's weakness, and foreign exchange gains.
In a move to enhance capital efficiency and shareholder returns, Hosiden announced a resolution to acquire up to 2.0 million common shares, representing 3.93% of issued shares, for a maximum of JPY 4.2 billion. This share repurchase program will run from November 10, 2025, to January 30, 2026, and will be followed by the cancellation of these treasury shares on February 27, 2026.
Additionally, Hosiden will liquidate its consolidated subsidiary, China Hosiden Co., Ltd., as part of a strategy to optimize production sites and diversify the supply chain. Operations are scheduled to conclude around March 2026, with liquidation completed thereafter. This decision resulted in a special loss of JPY 768 million for "Provision for Loss on Liquidation of Affiliates" recorded in the first six months of fiscal year 2026.
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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