Tsubaki Nakashima : Notice of Receipt Dividends from Consolidated Subsidiarie
September 20, 2023 at 12:55 pm IST
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September 20, 2023
Tsubaki Nakashima Co., Ltd.
Koji Hirota
Director and Representative Executive Officer CEO
(Code:6464, Prime, Tokyo Stock Exchange)
Contact for inquiries: Ikunori Morita
Phone: +81 (0)6-6224-0193
Notice of Receipt of Dividends from Consolidated Subsidiaries
Tsubaki Nakashima Co., Ltd. (the "Company") announces the receipt of dividends from the Company's consolidated subsidiaries will have an impact on the non-consolidated financial results.
1. Details of Dividends
(1)
Amount of Dividends
Company Name
Amount of Dividends
TN Americas Holdings, Inc.
500,000,000 yen
TN Europe, B.V.
184,497,300 yen
TN Asia Pte. Ltd.
1,070,000,000 yen
Tsubaki Steel Ball Co., Ltd.
1,500,000,000 yen
(2)
Scheduled date of receipt
September 21, 2023
2. Effect on Financial Results
As a result of the receipt of such dividends, the Company expects to record non-operating income of 3,254,497,300 yen in the non-consolidated financial statements for the year ended December 31, 2023.
As these are dividends from the Company's consolidated subsidiaries, there is no effect on the consolidated results for the fiscal year ending December 31, 2023.
Disclaimer:The English translation is only for reference purposes. When there is any discrepancy between original Japanese version and English translation, the original Japanese version always prevails.
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Tsubaki Nakashima Co. Ltd. published this content on 20 September 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 September 2023 07:24:01 UTC.
TSUBAKI NAKASHIMA CO., LTD. is a Japan-based company principally engaged in the manufacture and sale of precision balls, ball screws and air blowers. The Company operates through three segments. The Precision Component segment is engaged in the manufacture and sale of ball bearings, ceramic balls, cemented carbide balls, glass balls, plastic balls, carbon steel balls and other precision ball products, as well as rollers, retainers and sheet metal parts. The Linear segment is engaged in the manufacture and sale of precision ball screws, ball screws for high-load, precision miniature ball screws, caged precision ball screws, hollow shaft ball screws, precision rolled ball screws, general industrial ball screws and other ball screw products, as well as air blowers. The Others segment is engaged in the real estate leasing business.