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Yasuda Logistics corporation continues to rise on 5.015 billion yen sale gain from Hulic share offering
Yasuda Logistics Corp <9324> extended gains. After the close of trading on May 21, the company announced it would participate as a selling shareholder in a secondary offering by Hulic Co., Ltd. <3003>, selling 3.108 million shares. Following the determination of the offering price, the company said on May 22 it expects to record a 5.015 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. Yasuda Logistics noted the gain has already been factored into its full-year earnings forecast to a certain extent, adding that it will promptly disclose any revisions if necessary.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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