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.
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