Futaba Corporation
Notice Regarding Transfer of Fixed Assets and Recognition of Extraordinary Income
A portion of assets including the Chosei Seiki Technology Center at the Chosei Plant will be transferred to Myonaka Mining Co., Ltd. Transfer price is 2,350 million yen, with an estimated transfer gain of 2,300 million yen to be recorded. Contract signing is scheduled for 2026-10-30, asset handover on 2028-10-31, and an extraordinary income of approximately 2.3 hundred million yen is expected to be recorded in the consolidated fiscal year ending March 2029.
Key Figures
- Transfer Price: 2,350 million yen
- Estimated Transfer Gain: 2,300 million yen
- Expected Recording of Extraordinary Income: approx. 23 hundred million yen
AI要約
Overview of the Matter
The Board of Directors resolved to transfer part of the assets, including the Chosei Seiki Technology Center at the Chosei Plant, to Myonaka Mining Co., Ltd. The transfer price is 2,350 million yen, and the transfer gain is expected to be approximately 2,300 million yen, which is expected to be recorded as extraordinary income. The contract signing date is scheduled for 2026-10-30, and the asset handover date is scheduled for 2028-10-31.
Financial Impact and Future Outlook
As a result of this transaction, approximately 23 hundred million yen is expected to be recorded as extraordinary income from the sale of fixed assets in the consolidated fiscal year ending March 2029. Details on the timing of relocation and associated costs are currently being examined, and any additional disclosures will be promptly announced.
Futaba Corporation
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