Sansan : Notification Regarding Partial Amendments in Capital and Business Alliance with WingArc1st Inc. and Booking of Non-operating Income
August 02, 2022 at 05:30 am EDT
Share
To whom it may concern:
August 2, 2022
Company name
Sansan, Inc.
Representative
Chikahiro Terada,
Representative Director & CEO
(Code: 4443 TSE Prime Market )
Contact
Muneyuki Hashimoto,
Director, Executive Officer, CFO
Tel
+81-3-6758-0033
Notification Regarding Partial Amendments in Capital and Business Alliance with
WingArc1st Inc. and Booking of Non-operating Income
Sansan, Inc. ("the Company") announces that, having today made the decision to sell part of its holdings of investment securities, it is expecting to book non-operating income as set out below.
Reason for sale of investment securities To improve the efficiency of owned assets
Details of sale of investment securities
Shares being sold
WingArc1st Inc.
Gain on sale (expected amount)
－
Sale execution settlement date
August 2 to 3, 2022
*The transaction will be done off-market. The Company will announce the amount of gain on sale of investment securities as soon as it is fixed.
3. Outlook
It is planned that the abovementioned gain on sale of investment securities will be recorded as non- operating income in the first quarter financial results for the fiscal year ending May 2023. For multistep profit or loss under consolidated operating profit or loss in the fiscal year ending May 2023, the Company refrains from disclosing a concrete forecast because it is difficult to make a reasonable estimate of share-based payment expenses, which may vary significantly depending on the level of the Company's stock price, and some non-operating profit or loss items.
As stated in the Notification Regarding Capital and Business Alliance with WingArc1st Inc., announced on November 1, 2019, the Company has been advancing a capital and business alliance with the company. Although the capital relationship will be terminated because of the sale of the company's shares, the plan is to continue the business alliance.
1
Attachments
Original Link
Original Document
Permalink
Disclaimer
Sansan Inc. published this content on 02 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 August 2022 09:29:09 UTC.
Sansan, Inc. is a Japan-based company mainly engaged in the provision of business cards management service and other issues solutions for companies and business person. The Company operates through two business segments. The Sansan segment is mainly engaged in the provision of Sansan service which is a business cards cloud management service for corporate, and the service can convert business cards into data, visualize and share people-to-people connections as information. The Eight segment is mainly engaged in the operation of Eight application used for business cards as a business network service incorporating the mechanism of social networking services.
SANSAN, INC. 
