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Kanagawa Chuo Kotsu Reports Extraordinary Income from Subsidiary Merger

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Kanagawa Chuo Kotsu Reports Extraordinary Income from Subsidiary Merger

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Kanagawa Chuo Kotsu Co., Ltd. ( (JP:9081) ) has provided an announcement.

Kanagawa Chuo Kotsu Co., Ltd. has reported an extraordinary income gain due to the extinguishment of tie-in shares following the absorption-type merger of its wholly-owned subsidiaries, Kanagawa Chuo Kotsu East Co., Ltd. and Kanagawa Chuo Kotsu West Co., Ltd. This merger, effective April 1, 2025, resulted in a recorded gain of 1,460 million yen in the non-consolidated financial results for the quarter ended June 30, 2025. However, this gain does not affect the company’s consolidated financial results.

More about Kanagawa Chuo Kotsu Co., Ltd.

Kanagawa Chuo Kotsu Co., Ltd. operates in the transportation industry, focusing on providing bus and taxi services primarily in the Kanagawa Prefecture of Japan. The company is listed on the Prime Market of the Tokyo Stock Exchange and is known for its regional transportation services.

Average Trading Volume: 6,633

Technical Sentiment Signal: Buy

Current Market Cap: Yen43.01B

For detailed information about 9081 stock, go to TipRanks’ Stock Analysis page.

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