TOKYO, Aug 21 (Reuters) - Japanese Internet investor Hikari Tsushin Inc 9435.T said on Monday it had posted a 14.3 billion yen profit by selling its share holdings in fellow Internet investor Softbank Corp 9984.T .
Hikari also said it had posted a 6.2 billion yen profit on sales of part of its holdings of Tumbleweed Communications Corp TMWD.O , a U.S. software maker.
The sale aims to offset some of the company's restructuring costs at 56 billion yen, Hikari said in a statement.
The news came amid concerns over Hikari's financial health and a lack of transparency in disclosure. Hikari's shares have tumbled 98.5 percent to a low of 3,600 yen by July 7 from a year high of 241,000 on February 15.
The news came after the Tokyo stock market closed on Monday. Earlier in the day, the shares lost 9.42 percent to end at 4,710 yen.
((Tokyo Equities Desk +81-3 5473 3714
tokyo.newsroom@reuters.com)) ]]>
Hikari also said it had posted a 6.2 billion yen profit on sales of part of its holdings of Tumbleweed Communications Corp TMWD.O , a U.S. software maker.
The sale aims to offset some of the company's restructuring costs at 56 billion yen, Hikari said in a statement.
The news came amid concerns over Hikari's financial health and a lack of transparency in disclosure. Hikari's shares have tumbled 98.5 percent to a low of 3,600 yen by July 7 from a year high of 241,000 on February 15.
The news came after the Tokyo stock market closed on Monday. Earlier in the day, the shares lost 9.42 percent to end at 4,710 yen.
((Tokyo Equities Desk +81-3 5473 3714
tokyo.newsroom@reuters.com)) ]]>
