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KADOKAWA CORPORATION Completes Sale of Stake in Companies by Subsidiary and Sub-subsidiary; Expects Extraordinary Profit for Q2 of FY 2014


Thursday, 15 Aug 2013 09:00pm EDT 

KADOKAWA CORPORATION announced that its wholly owned subsidiary Kadokawa Holdings Asia Limited has completed the sale of a 70% stake in Kadokawa Intercontinental Group Holdings Limited to eSun Holdings Limited, and Kadokawa Intercontinental Group Holdings Limited has completed the sale of a 100% stake in Intercontinental Development and Services Limited to Lai Sun Development Company Limited, on August 15, 2013. As a result, the Company expects the extraordinary profit of approximately JPY 2.5 billion for gain on sale of stake, for the second quarter of the fiscal year ending March 2014. 

Company Quote

2937.0
-12.0 -0.41%
8:37pm EDT