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FINWIRES

H2O Retailing Expects 7 Billion Yen Gain From Toho Share Sale

-- H2O Retailing (TYO:8242) expects to record about 7 billion yen in extraordinary income from the partial sale of its stake in Toho, according to a Tuesday filing on the Tokyo Stock Exchange.

The company plans to tender 5 million shares in Toho through an off-auction share buyback, reducing its holding from 4.23% to 3.63%.

The move is part of efforts under its mid-term plan to reduce strategic shareholdings and improve capital efficiency while maintaining business ties. The gain is expected to be booked in the first quarter of the fiscal year ending March 2027.

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