Kawata Mfg. Co., Ltd.
Notice Regarding Transfer of Fixed Assets
The board resolved to transfer land and buildings of the head office. The transfer gain is expected to be approx. 162 million yen; the sale price and related terms are not disclosed due to contractual reasons. The transferee is a domestic corporation with no related party relationship. Details on relocation and costs will be disclosed later. The transfer gain is expected to be recorded as an extraordinary gain in the fiscal year ending March 2028.
Key Figures
- Transfer gain (estimate): approx. 162 million yen
- Transfer schedule: Contract execution date: October 2026 (scheduled), Property handover deadline: end of November 2027 (scheduled), Purchase price payment date: December 2027 or later (scheduled)
- Subject property: 4th floor portion of Daiichi Kyogyo Building (Awaza 1-chome, Nishi-ku, Osaka City)
AI要約
Overview of the Transfer
The board resolved to sell the 4th floor portion of the Daiichi Kyogyo Building, the head office office. Details of the transferred asset such as location, site area, total floor area and an estimate of the transfer gain were disclosed, while the transferee and settlement terms are not disclosed due to contractual reasons. The contract execution is scheduled for October 2026, handover of the property is planned for the end of November 2027, and the final payment of the purchase price is scheduled for December 2027 or later.
Impact on Financials and Future Steps
The transfer gain is expected to be recorded as an extraordinary gain in the fiscal year ending March 2028 depending on progress of conditions at the location. Information on relocation destination and costs associated with this matter will be disclosed later. Because completion of all unit owners' handovers is a condition, the timing of payment is not determined at this time.
Kawata Mfg. Co., Ltd.
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