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.
To improve the efficiency of owned assets
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 multi-step 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.