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IHI rebounds on plan to book \39.3 billion gain from asset sale in fiscal year ending March 2027
Shares of IHI Corporation <7013> rebounded in Monday’s session following an announcement around 1:00 p.m. that the company expects to book an extraordinary gain of approximately 39.3 billion yen in the fiscal year ending March 2027. The gain stems from the sale of a portion of its fixed assets in Koto-ku, Tokyo, where IHI will transfer its ownership stakes in buildings and land held as rental properties to multiple general business corporations. Investors welcomed the move as a strategic effort to improve capital efficiency and strengthen the company's financial foundation through the planned disposal of assets.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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