www.nippn.co.jp/ir/ir_news/detail/__icsFiles/afieldfile/2024/02/06/20240206-2.pdf

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https://www.nippn.co.jp/ir/ir_news/detail/__icsFiles/afieldfile/2024/02/06/20240206-2.pdf

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This document is an announcement by Nippon Flour Mills Co., Ltd. regarding the expected recognition of gains from the sale of certain investment securities, made on February 6, 2024. The board of directors has resolved to sell part of its investment securities, leading to the anticipated recognition of special profits. The sale is motivated by a review of policy-held shares in accordance with the Corporate Governance Code and to serve as a source for strategic investments. The expected gain from the sale is approximately 13 billion yen, anticipated to occur in the fourth quarter of the fiscal year ending March 2024. The document also discusses efforts to reduce policy-held shares, aiming to bring the holding amount below 20% of consolidated net assets by fiscal year 2026.