T Hasegawa : Notice Concerning Recording of Gain on Sales of Investment Securities (Extraordinary Income)
June 07, 2022 at 02:12 am EDT
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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.
June 7, 2022
To whom it may concern:
Company name: T. HASEGAWA CO., LTD. Listing: Prime Market, Tokyo Stock Exchange 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 Recording of Gain on Sales of Investment Securities
(Extraordinary Income)
With respect to the "Notice Concerning Expected Recording of Gain on Sales of Investment Securities (Extraordinary Income)" announced on February 4, 2022, the Company hereby announces that it has completed the sale of such investment securities as described below.
1．Reason for sale of investment securities
In order to review the holdings of cross-shareholdings
2．Details of sale of investment securities
Shares to be sold: The marketable securities of two listed companies owned by the Company
Period of sale: From April 1, 2022 to June 3, 2022
Gain on sales of investment securities: 1,744 million yen
(Reference) Press release announced on April 15, 2022
Shares to be sold: The marketable securities of one listed company owned by the Company
Period of sale: From February 17, 2022 to March 31, 2022
Gain on sales of investment securities: 478 million yen
Already recorded as extraordinary income in the financial results for the second quarter of the fiscal year ending September 30, 2022
3．Future outlook
The gain on the sale of investment securities is scheduled to be recorded as extraordinary income in the third quarter of the fiscal year ending September 2022.
The said gain on sales of investment securities has already been incorporated in the consolidated earnings forecast for the full year ending September 30, 2022, which was announced on May 11, 2022.
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T.Hasegawa Co. Ltd. published this content on 07 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 June 2022 06:11:02 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. 
