NSG Group to sell shares worth JPY 9 billion

NSG Group will dispose of certain investment securities, the sale of which will give rise to extraordinary income in the financial year to 31 March 2009.
The group will sell a part of its investment …

NSG Group will dispose of certain investment securities, the sale of which will give rise to extraordinary income in the financial year to 31 March 2009. The group will sell a part of its investment securities (shares listed on the Tokyo Stock Exchange) in the market. The proceeds from these sales are expected to be approximately JPY 9 billion. Consequently, it is estimated that the group will recognize extraordinary income of approximately JPY 7 billion on both a consolidated and non-consolidated basis in its result for the first quarter of the financial year to 31 March 2009.