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TBS HOLDINGS INC. ( (JP:9401) ) has provided an update.
TBS HOLDINGS, INC. announced its decision to sell a portion of investment securities held by its subsidiaries, expecting to record an extraordinary gain of approximately 9.3 billion yen. This move aligns with the company’s strategy to fund growth investments and revise its cross-shareholding policy, potentially impacting its financial outlook and stakeholder interests.
More about TBS HOLDINGS INC.
TBS HOLDINGS, INC. operates in the media and entertainment industry, primarily focusing on broadcasting and related services. The company is listed on the Prime Market of the Tokyo Stock Exchange under the stock code 9401.
YTD Price Performance: 20.20%
Technical Sentiment Signal: Strong Sell
Current Market Cap: $5.53B
Learn more about 9401 stock on TipRanks’ Stock Analysis page.