CMIC HOLDINGS Co., Ltd. (the “Company”) hereby announces that its Board of Directors resolved today to sell unlisted securities held by the Company, and that the Company expects to record an extraordinary income on the sale.
1．Reason for Sale of Investment Securities
To efficiently utilize the Company’s management resources as funds for business expansion and other initiatives aimed at increasing corporate value.
2．Details of the gain on sales of investment securities
(1) Shares to be sold: 1 unlisted securities held by the Company
(2) Date of sale of investment securities: February 13, 2023 (tentative)
(3) Gain on sales of investment securities: 3.3 billion yen (forecast)
The above gain on sales of investment securities will be recorded as extraordinary income in the second quarter of the fiscal year ending September 30, 2023. The Company is currently examining the impact on its consolidated business results for the fiscal year ending September 30, 2023, including other factors, and will promptly announce any matters that require disclosure.