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Takashimaya Company ( (JP:8233) ) has provided an announcement.
Takashimaya Company’s board has approved the purchase and cancellation of its Zero Coupon Convertible Bonds due 2028 through a tender offer, a move that will generate an extraordinary loss equal to the difference between the bonds’ purchase price and their book value. Because the final loss will depend on how many bonds are tendered, the company cannot yet quantify the impact, but it expects consolidated profit attributable to owners of parent and non-consolidated net profit to decline by roughly 70% of the extraordinary loss after tax effects, and it plans to announce finalized figures and revise its earnings forecast if necessary once the amounts are determined.
The most recent analyst rating on (JP:8233) stock is a Hold with a Yen1708.00 price target. To see the full list of analyst forecasts on Takashimaya Company stock, see the JP:8233 Stock Forecast page.
More about Takashimaya Company
Takashimaya Company, Limited is a Japan-based department store operator listed on the Tokyo Stock Exchange Prime Market, offering a broad range of retail products and related services to consumers. The company operates a nationwide network of stores and serves as a key player in Japan’s retail and consumer markets.
Average Trading Volume: 1,752,450
Technical Sentiment Signal: Buy
Current Market Cap: Yen499.9B
For a thorough assessment of 8233 stock, go to TipRanks’ Stock Analysis page.