Toyobo : Notice Regarding Recording of Extraordinary Income (104KB)
September 21, 2023 at 02:09 am
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September 21, 2023
To whom it may concern,
Name of company:
Toyobo Co., Ltd.
Name of representative: Ikuo Takeuchi,
President & Representative Director
(Stock code: 3101, Prime Market of the Tokyo Stock Exchange)
Contact:
Sonoko Ishimaru,
Executive Officer, General Manager,
Corporate Communication Department (TEL +81-6-6348-3044)
Notice Regarding Recording of Extraordinary Income
Toyobo Co., Ltd. (hereinafter "the Company") hereby announces that the Company has recorded extraordinary income (gain on sale of investment securities) due to the sale of some investment securities held by the Toyobo Group (hereinafter "the Group"). The details are described below.
1. Recording of extraordinary income (gain on sale of investment securities)
The Company recorded the following gain on sales as a result of the sale of some investment securities held by the Company and a consolidated subsidiary in order to increase the efficiency of assets and improve the financial position.
(1)
Shares sold
: Securities of two listed companies held by the Group
(2)
Period of sale
: July 2023 to September 2023
(3)
Gain on sale of investment securities
: ¥3,047 million
2. Future prospect
The above gain on sale of investment securities will be recorded as extraordinary income in the second quarter ending September 30, 2023. This impact has already been included in the forecasts for the fiscal year ending March 31, 2024, which was announced on May 11, 2023.
If revisions to the forecasts become necessary, the Company will promptly announce them.
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Toyobo Co. Ltd. published this content on 21 September 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 September 2023 06:08:04 UTC.
Toyobo Co Ltd is a Japan-based company mainly engaged in the film and functional resin business, industrial material business, and textile and commerce business. It has five business segments. Film and Functional Resin segment manufactures, processes and sells packaging films, industrial films, industrial adhesives, engineering plastics and optical functional materials. Industrial Materials segment manufactures, processes and sells automotive fiber materials, super fibers, non-woven fabrics. Textile and Trading segment manufactures and sells functional clothing, apparel products, clothing textiles, and clothing fibers. Healthcare segment manufactures, processes and sells bio products, pharmaceuticals, medical membranes, medical devices, aqua membranes, and functional filters. It is also engaged in the assembly and sale of seawater desalination modules. The Real Estate segment sells, rents and manages movables. It also designs and constructs buildings and machinery and sells equipment.
TOYOBO CO., LTD. 
