The company executed an absorption spin-off of the remodeling business operated by subsidiary House Do Japan to subsidiary DO, and subsequently sold 100% of the shares of the remodeled entity to Shin Denki Co., Ltd. for 1.5 billion yen on February 5, 2026. The transaction is expected to generate a one-time gain on sale of related company shares to be recognized as extraordinary profit in the fiscal year ending June 2026.
¥1.5bn
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Summary
The company executed an absorption spin-off of the remodeling business operated by subsidiary House Do Japan to subsidiary DO, and subsequently sold 100% of the shares of the remodeled entity to Shin Denki Co., Ltd. for 1.5 billion yen on February 5, 2026. The transaction is expected to generate a one-time gain on sale of related company shares to be recognized as extraordinary profit in the fiscal year ending June 2026.