Nippon Television's (TYO:9404) consolidated subsidiary has completed the sale of a portion of its investment securities, recording a gain of 19.6 billion yen.
The sale, conducted from May to June, aims to reduce cross-shareholdings based on the Corporate Governance Code and improve asset efficiency and corporate value.
The gain is already included in the company's full-year consolidated earnings forecast for the fiscal year ending March 31, 2027, according to a Tokyo bourse filing on Tuesday.