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Bushiroad shares mixed after raising net profit forecast on New Japan Pro-Wrestling stake sale
Bushiroad Inc. <7803> shares traded mixed. After the market close on May 27, the company announced it will transfer all shares of its subsidiary New Japan Pro-Wrestling to TV Asahi, a subsidiary of TV Asahi Holdings Corporation <9409>, and CyberAgent,Inc. <4751>. The total sale price is 3.597 billion yen. Out of the 10.504 million shares held (representing a 70.0% voting stake), 3.552 million shares will be transferred to TV Asahi for 1.216 billion yen and 6.952 million shares to CyberAgent for 2.38 billion yen on June 30. Following the divestment, BUSHIROAD raised its net profit forecast for the fiscal year ending June 2026 to 5.516 billion yen from its previous estimate of 3.9 billion yen (up 61.4% year-on-year), though buying interest driven by the news remained limited.
TV ASAHI's voting stake in New Japan Pro-Wrestling will rise to 46.3% from 22.7%.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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