Nishimatsu Construction (TYO:1820) plans to reduce capital in its consolidated subsidiary Nishimatsu Taiwan Investment Corporation (NTIC) by 2.89 billion yen, lowering NTIC's capital to 220,000 yen, according to a Wednesday Tokyo exchange filing.
The capital reduction follows the sale of a key investment asset and will remove NTIC's status as a specified subsidiary, the filing said.
The transaction, scheduled for mid-July, is aimed at improving capital efficiency.
Nishimatsu said the impact on its consolidated financial results for the fiscal year ending March 2026 is expected to be insignificant.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.