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Tetsujin to sell stake in subsidiary and expects extraordinary profit for FY 2014


Thursday, 8 May 2014 11:45pm EDT 

Tetsujin Inc:To sell entire 99.93 pct stake (3,000,000,000 units) in a South Korea-based investment subsidiary to a South Korea-based real estate company, at 2,243.5 mln won on June 10.To divest stake in a South Korea-based company engaged in operation of karaoke parlors and restaurants, which is a wholly owned subsidiary of the investment subsidiary.Sees extraordinary profit of about 74 mln yen as gain on sale of stake in the subsidiary, for fiscal year ending Aug. 2014. 

Company Quote

459.0
1.0 +0.22%
19 Dec 2014