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Oki Electric Industry extends gains on 5.1 billion yen sale profit from Hulic share offering
Oki Electric Industry Co., Ltd. <6703> extended gains. After the close of trading on May 21, the company announced it will participate as a selling shareholder in a share offering by Hulic Co., Ltd. <3003>, selling 10 million shares. Following the determination of the offering price, the company announced on May 22 that it expects to record a 5.1 billion yen gain on the sale of investment securities as extraordinary income in the first quarter of the fiscal year ending March 2027, supporting the shares. The company noted that the gain is already incorporated into its earnings forecast for the fiscal year ending March 2027.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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