Tosa Power Plant and all positions and rights conferred in the wholesale power supply agreement
Sale price:
¥16.1 billion
Gain on sale:
¥1.1 billion
2. Purchaser
Tosa Power Inc.
(Ownership: Taiheiyo Cement 20%, Electric Power Development Co., Ltd. 45%, Shikoku Electric Power Co., Inc. 35%)
3. Forecast
Taiheiyo Cement plans to book a ＼1.1 billion gain on the foregoing sale as extraordinary profit. However, this profit has already been factored into the FY3/05 earnings forecasts included in the company's consolidated and non-consolidated financial results for 1H FY3/05 announced on November 16, 2004.
