IHI (TYO:7013) has completed the transfer of the materials handling system business of its subsidiary IHI Transport Machinery to Tadano, according to a Wednesday filing on the Tokyo Stock Exchange.
The deal, first disclosed in November 2024, was executed via a company split followed by a share transfer on July 1.
IHI expects to book 16 billion yen in other income on a consolidated basis and 14 billion yen in extraordinary income on a non-consolidated basis for the fiscal year ending March 2026.
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.