Argo Graphics to sell SCSK shares, boosting profit forecast

Argo Graphics Inc. announced its decision to accept a tender offer from SC Investments Management Inc. for all 3,046,500 shares of SCSK Corporation it owns. This transaction, for 5,700 yen per share, totals an expected 17,365 million yen in proceeds. The company plans to record this as an extraordinary income (gain on sales of investment securities) of 16,032 million yen in the third quarter of the fiscal year ending March 2026.

This sale will lead to a substantial revision in Argo Graphics' earnings forecast for the fiscal year ending March 2026. The consolidated ordinary profit remains unchanged, but the profit attributable to owners of parent is now projected to be 18,831 million yen, a 150.1% increase from the previous forecast of 7,530 million yen. Basic earnings per share are also expected to rise from 103.51 yen to 258.60 yen.

The tender offer period runs from October 30, 2025, to December 12, 2025, with settlement starting on December 19, 2025. Argo Graphics decided to accept the offer after confirming SCSK's board approval and assessing the purchase price and conditions as reasonable.