Mitsui E&S Holdings Co (JP:7003) has released an update.
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MITSUI E&S Co., Ltd. reported a non-operating income of 4.6 billion yen in the first quarter of the fiscal year ending March 31, 2025, attributed mainly to the strong performance of its former affiliate MODEC, Inc. The company has already factored this profit into its consolidated financial forecasts and has completed a partial sale of MODEC shares, thus excluding MODEC from future equity method accounting.
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