Latest Tokyo Brief coverage on IHI Corporation, tracking filings, financial news, and market signals from Japan.
TSE:7013
Capital Research and Management Company and three Capital International entities now jointly report 103,770,581 IHI shares, 9.58% of the total, up from 7.75% in the previous report, with the lead entity alone at 8.87%.
IHI will sell all of Steinmüller Engineering to a Mutares subsidiary in mid-October, expecting about ¥14bn in consolidated other expenses and a ¥17bn standalone loss, with the sale price undisclosed and its full-year forecast unchanged.
Civil aircraft-engine and defense demand pushed IHI's underlying quarterly operating profit to a record ¥33.1bn, and three separate Tokyo property sales worth ¥40.0bn combined took the reported figure to ¥73.2bn, prompting a ¥10.0bn increase to the full-year profit forecast.
Current holdings disclosed by tracked funds.