T Hasegawa : Notice Concerning Expected Recording of Gain on Sales of Investment Securities (Extraordinary Income)
February 04, 2022 at 02:16 am EST
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This document is a translation of the original Japanese document and is only for reference purposes. In the event of any discrepancy between this translated document and the original Japanese document, the latter shall prevail.
February 4, 2022
To whom it may concern:
Company name: T. HASEGAWA CO., LTD. Stock exchange listing: Tokyo Stock code: 4958 URL https://www.t-hasegawa.co.jp/
Representative: President & CEO Takao Umino
Inquiries: Director & Senior Executive Vice President Minoru Nakamura TEL: 03-3241-1151
Notice Concerning Expected Recording of Gain on Sales of Investment Securities
(Extraordinary Income)
T. HASEGAWA CO., LTD. (the "Company") resolved to sell part of the investment securities held by the Company at the Board of Directors' meetings held on February 4, 2022. The Company hereby announces that it expects to record extraordinary income during the current fiscal year (ending September 30, 2022) as a result of these resolutions. Details are as follows.
Reason for sale of investment securities
In order to review of the holdings of investment securities
Details of sale of investment securities
Investment securities to be sold
The marketable securities of two listed companies owned by the Company
Period of sale
From February 7, 2022 to September 30, 2022
Gain on sales of investment securities Approx. 2,200 million yen (estimate)
Future outlook
In the event that timely disclosure becomes necessary due to the determination of the amount of the gain on sale of investment securities (extraordinary income), it will promptly be announced.
End
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T.Hasegawa Co. Ltd. published this content on 04 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 February 2022 07:15:36 UTC.
T.HASEGAWA CO.,LTD. is a Japan-based company engaged in the manufacture and sale of flavors and fragrances products. The Company operates through three Geographic segments. The Japan segment includes fragrances business and food business. The fragrance division is engaged in the manufacture of cosmetic aroma, cosmetic products and compound perfume used in fragrance products, cosmetics, lip sticks and hair tonic, toiletry products, as well as household products. The food division is engaged in the manufacture and sale of essence, food oil flavors, food powder flavors, seasonings, processed fruits and natural pigments used in beverages, confectionery, frozen desserts, desserts and instant noodle soups. The American segment is engaged in the manufacture and sale of oily flavors for foods, processed food materials, natural pigments and processed fruit products. The Asia segment is engaged in manufacture and sale of flavors, food additives, as well as the import and export of products.
T. HASEGAWA CO., LTD. 
