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YAMATO Ltd Decreases Stake in Subsidiary; Announces Extraordinary Profit for FY 2012

Friday, 28 Sep 2012 01:25pm EDT 

YAMATO Ltd announced that a Japan-based company has acquired 1,180 shares of the Company's subsidiary D-CONTRIVE Co.,Ltd., which engages in the fulfillment business and risk management business, for JPY 150 million in total, on September 28, 2012. The Company's stake in D-CONTRIVE has become 40.40%, down from 100.00%. Following this, the Company will record a JPY 124 million extraordinary profit on the selling of the shares of subsidiary, for the fiscal year ended September 2012. 

Company Quote

-2.0 -3.64%
2:00am EDT