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Higashi Twenty One: Semi-Annual Report - Term 103 (2024/04/01 - 2025/03/31)
Higashi Twenty One: Confirmation letter
Signing of an absorption-type split agreement and partial amendment of the articles of incorporation in relation to the transition to a holding company structure.
Higashitwentyone <9029> announced on the 25th that it has signed an absorption-type split contract in conjunction with the transition to a holding company structure. The company has announced its intention to transition to a holding company structure on April 1, 2025, and will enter into an absorption-type split contract with a preparation company for the split (a subsidiary wholly owned by the company). In addition, in connection with the transition to a holding company structure, the company is planning to change its name to "Higashi Holdings" on April 1, 2025, along with its business purpose for the post-holding company structure.
Decision on the proposal for the convening of an extraordinary shareholders' meeting at Higashi 21 and other agenda items.
Higashi Twenty-One <9029> announced the date, time, and location of the special shareholders' meeting, as well as the proposals to be discussed. The meeting is scheduled for December 20, 2024, at 10:00 AM, at the 5th floor conference room of the company's headquarters at 3-1-9 Kuhonji-cho, Naka-ku, Osaka. The proposals for this special shareholders' meeting include the approval of the first proposal on absorption-type split contract and the second proposal on partial amendment of the articles of incorporation. The company has also announced its intention to transition to a holding company structure by April 1, 2025, with preparations for the split underway.
Hitachi Construction Machinery, downward revision on 25/3, operating profit 151 billion yen←165 billion yen
Hitachi Construction Machinery <6305> announced a revision to its financial estimates for the fiscal year ending March 2025. Revenue was revised downward from 1 trillion 370 billion yen to 1 trillion 350 billion yen, and operating profit from 165 billion yen to 151 billion yen. This adjustment incorporated the delayed pace of interest rate cuts by the Federal Reserve Board (FRB), causing a postponement in the recovery of hydraulic excavator demand. [Positive Ratings] <4519> Chugai Pharmaceutical Co., Ltd.|<3199> Meiwa Corporation HD Revised|<2209> Imuraya Group Revised|<4718> Waseda Academy Revised
Higashi Twenty One: Summary of financial results for the 2nd quarter (interim period) for the fiscal year ending March 31, 2025 [Japanese GAAP] (consolidated)