Seiko Corp. on Monday confirmed news reports that it is considering selling part of its equity stake in Seiko Epson Corp. by the end of this month.
"We've started considering selling part of the Seiko Epson shares we hold, depending on relevant developments," the precision instrument maker said.
The developments include the company's earnings forecast for the current fiscal year and the yearend stockholders' capital that "is in a situation of being greatly affected by the trend of prices of our holdings of bank stocks," Seiko said.