JTOWER, Inc. (JP:4485) has released an update.
JTOWER Inc. anticipates a substantial extraordinary loss for the fiscal year ending March 31, 2025, due to advisory and legal fees related to a tender offer, leading to a revision of their full-year forecast with a projected decrease in profit attributable to owners of the parent by JPY 820 million. This adjustment comes as the company supports a tender offer by DB Pyramid Holdings, LLC that may result in JTOWER going private and being delisted from the stock exchange.
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