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HARD OFF CORPORATION Co Ltd to sell stake in Brand off and expects extraordinary profit for Q2 of FY 2015


Monday, 11 Aug 2014 01:00am EDT 

HARD OFF CORPORATION Co Ltd:To sell its entire 3,780 shares (a 33.35 pct stake) of Brand off to a Japan-based company that has been engaged in operation and management of assets, at price of 550 mln yen, effective Aug. 11.Says it will hold no stakes in Brand off after the transaction.Expected extraordinary profit of about 110 mln yen for Q2 of FY ending March 2015 due to this selling. 

Company Quote

1528.0
75.0 +5.16%
9:33pm EDT