TOHO CO., LTD. told the Tokyo Stock Exchange on September 15 that its board has approved selling part of its listed investment securities holdings, producing an expected special gain of about ¥10bn. The sale is scheduled for September 2026, and the gain will be recorded in the third quarter of the fiscal year ending February 2027.
The move follows a policy-held share reduction policy TOHO announced on July 15, 2026. The company set a target of trimming the balance-sheet value of its policy-held shares by more than ¥50bn from the level at the end of February 2026, to be reached by the end of February 2030, while cutting its consolidated net-assets ratio below 10%. An interim marker requires that ratio to fall below 20% by the end of the fiscal year ending February 2027, which points to further sales before that year closes.
TOHO has not named the securities it plans to sell. Proceeds, the company said, will go first to growth investment, with the remainder used as a funding source for shareholder returns aimed at improving capital efficiency. It gave no figure for how much will reach buybacks or dividends.
The earnings impact is still under review alongside other factors. TOHO said it will disclose promptly if the gain requires a revision to its full-year consolidated forecast.