Inabata : Notice Concerning Recording of Gain on Sales of Investment Securities in Non-consolidated Financial Statements (Extraordinary Income)
March 02, 2022 at 01:30 am
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To whom it may concern: March 1, 2022
Company name: Inabata & Co., Ltd.
Representative: Katsutaro Inabata, Director, President
(Stock code: 8098, First Section of the Tokyo Stock Exchange)
Inquiries:
Koichi Noda, General Manager,
Financial Management Office
(TEL 03-3639-6421)
Notice Concerning Recording of Gain on Sales of Investment Securities in
Non-consolidated Financial Statements
(Extraordinary Income)
Inabata & Co., Ltd. (the "Company") hereby announces that it expects to record gain on sales of investment securities in its non-consolidated financial statements. Details are as follows.
1. Reason for sale of investment securities
In order to pursue greater efficiency of owned assets as part of the policy on reduction of investment securities under the mid-term business plan "New Challenge 2023."
2. Details of sale of investment securities
(1) Investment securities to be sold:
The marketable securities of 12 listed companies owned
by the Company
(2) Time of recognition of gain on sales
of investment securities:
From July 2021 to February 2022
(3) Gain on sales of investment securities:
3,400 million yen (estimate)
The gain on sales in 2. above is due to gain on sales of investment securities as of February 28, and the Company plans to continue sales going forward.
3. Impact on non-consolidated financial statements
Due to this matter, the Company expects to record gain on sales of investment securities of 3,400 million yen as extraordinary income in the non-consolidated financial statements from the second quarter to the fourth quarter of the fiscal year ending March 31, 2022.
4. Consolidated Earnings Forecast for the fiscal year ending March 31, 2022
The Company has reflected the effect of the sale on its operating results in the "Notice Concerning Revision of Full-year Consolidated Earnings Forecast for the Fiscal Year Ending March 31, 2022" announced February 7,2022.
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Inabata & Co. Ltd. published this content on 02 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 March 2022 01:29:02 UTC.
Inabata & Co., Ltd. is a Japan-based company that sells information and electronics, chemicals and other products. It operates in five business segments. The Information and Electronics segment provides semiconductors and liquid crystal materials, machinery equipment, ink for copiers and printers, as well as materials for electronics industry. The Chemical segment offers raw materials of automobile components, resins and gum, paintings and inks, paper manufacturing chemicals. The Living Industry segment sells intermediates for medical and agricultural chemicals, fine chemicals, raw materials of pesticide and toiletries, functional food, marine products, agricultural products, and starches. The Synthetic Resin segment provides general-purpose resins and engineering plastic. The Housing Environment segment sells wood, bonded wood, wood construction materials, housing equipment and housing-related materials.
INABATA & CO.,LTD. 
