Sharp Corporation
Notice Regarding Transfer of Fixed Assets and Recording of Extraordinary Income
Transfer of land and buildings of Hisai Factory to Nitto Denko. Transfer price is 22,200 hundred million yen. Transfer date scheduled for December 24, 2026. Expectation to record 21,533 million yen in gain on sale of fixed assets as extraordinary income in 3Q of fiscal 2027.
Key Figures
- Transfer price of fixed assets: 22,200 hundred million yen
- Expected recording of extraordinary income: 21,533 million yen
- Transfer date: 2026-12-24 (scheduled)
AI要約
Overview of Asset Sale
As part of its asset-light strategy, the Company will transfer the land and buildings of the Hisai Factory in Tsu City, Mie Prefecture to Nitto Denko. The transfer is intended to improve the Company’s financial position and to utilize management resources more efficiently. The transfer price is 22,200 hundred million yen, and the book value is stated as 0 million yen. The transfer date is scheduled for December 24, 2026.
Financial Impact and Outlook
As a result of the transfer, the Company expects to record 21,533 million yen as gain on sale of fixed assets and recognize it as extraordinary income in the consolidated and non-consolidated financial statements for the third quarter of the fiscal year ending March 2027. This is expected to contribute to an improvement in the Company’s financial structure.
Sharp Corporation
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