Land Business Co.,Ltd.
Notice Regarding Sale of Real Estate Held for Sale
The Board of Directors resolved to sell real estate held for sale. The buyer is a domestic corporation, the property is located in Setagaya-ku, Tokyo, and the sale price is expected to be equivalent to at least 10% of the most recent fiscal year's net sales. The sale is scheduled for 2026-09-29 and is expected to be recorded as revenue in the fourth quarter, but the impact on consolidated results is under review.
Key Figures
- Property to be sold: Setagaya-ku, Tokyo, site area 1021.48㎡, total floor area 1740.81㎡
- Sale price: Equivalent to 10% or more of the most recent fiscal year's net sales
- Contract signing date and property handover date: 2026-09-29
AI要約
Summary of the News
The Board of Directors has formally resolved to sell real estate held for sale. The property to be sold is located in Setagaya-ku, Tokyo, and includes the site area and total floor area. The buyer is a domestic corporation. The sale price is expected to be set at a level equivalent to 10% or more of the most recent fiscal year's net sales. Both the contract signing date and the property handover date are scheduled for 2026-09-29.
Financial Impact and Outlook
The sale is expected to result in revenue recognition in the fourth quarter of the fiscal year ending September 2026; however, the impact on consolidated results is currently being examined together with other factors. The company states it will promptly disclose any necessary revisions.
Land Business Co.,Ltd.
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