DyDo : Notice regarding recording of gains on the sale of investment securities (extraordinary profit)
August 17, 2022 at 04:34 am EDT
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August 17, 2022
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Company:
DyDo Group Holdings, Inc.
Representative:
Tomiya Takamatsu, President
(Code 2590 on the Tokyo Stock Exchange Prime Market)
Inquiries:
Naokazu Hasegawa, Corporate Officer
and General Manager of Corporate Communication Department
Notice regarding recording
of gains on the sale of investment securities (extraordinary profit)
Today, the Board of Directors determined that some of the DyDo Group's investment securities should be sold. As a result, we forecast that we will record an extraordinary profit in the third consolidated quarter of fiscal 2022.
1. Reason for the sale of investment securities
To reallocate investment funds to improve capital efficiency in promoting business strategies
2. Cross-shareholdings sale
Investment securities to be sold:
Gains on sale of investment securities:
Date of sale:
Listed securities held by the DyDo Group Approx. 0.3-0.4 billion yen Planned for September 5, 2022
3. Impact on performance
This gain on sale of investment securities is forecast to be recorded as extraordinary profit in the third consolidated quarter of fiscal 2022.
However, despite having adjusted how we record our Turkish subsidiary's financial statements in line with the requirements set in IAS 29 Financial Reporting in Hyperinflationary Economies since the second consolidated quarter, we are looking at predicted inflation and other factors and see that these may have a major negative impact on profit. We are currently in the process of carefully examining the full-year forecasts that will include the extent of this impact, but we will announce this information as soon as our investigation is complete.
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DyDo Group Holdings Inc. published this content on 17 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 August 2022 08:33:07 UTC.
DyDo Group Holdings, Inc., formerly DyDo DRINCO, INC. is a Japan-based company mainly engaged in the manufacture and sale of beverages. The Company operates through three business segments. The Beverage Sales segment is involved in the planning, development and sale of various soft drinks to consumers through convenience stores and vending machines. Through a consolidated subsidiary, this segment is also engaged in the manufacture and sale of drinkable preparations such as quasi drugs. The Contract Drink Manufacturing segment is engaged in the contract manufacture of drinkable preparations, including drugs and medicines, quasi drugs, as well as soft drinks. The Foods Manufacture and Sale segment is involved in the manufacture and sale of fruit jellies.
DYDO GROUP HOLDINGS, INC. 
