Recognition of Extraordinary Income on Disposal of Securities
NSG Group (“the Group”) today announces its decision to dispose of certain investment securities, the sale of which will give rise to extraordinary income in the financial year to 31 March 2010, as detailed below.
1. Outline of the transaction
The Group will sell a part of its investment securities (stocks listed on the Tokyo Stock Exchange) in the market. The proceeds from these sales are expected to be approximately JPY 7 billion.
2. Impact on the operation (on both a consolidated and non-consolidated basis)
As the financial impact will depend on the market price at the time the transaction is completed, we are not able to quote a figure at the moment, but will do so when the transaction has been made.