H2O Retailing Confirms 5.1 Billion Yen Gain from Securities Sale
H2O Retailing (TYO:8242) said it has finalized the gain from the sale of investment securities, recording an extraordinary income of 5.1 billion yen, according to a Wednesday filing on the Tokyo Stock Exchange.The company sold 3.7 million shares of Toho (TYO:9602), reducing its stake to 31.8 million shares, or 3.8% of total issued shares excluding treasury stock.The transaction was completed on April 15, with the gain expected to be recorded in the first quarter of the fiscal year ending March 2027.