Osaki Electric Co., Ltd.
Notice Regarding Transfer of Fixed Assets and Recording of Special Profit by Consolidated Subsidiary
A consolidated subsidiary has transferred fixed assets (land and buildings in Minami-Azabu, Minato-ku, Tokyo) for approximately 6 billion yen, and plans to record a special profit in Q4 of the fiscal year ending March 2026. The proceeds will be used for growth investments and shareholder returns.
Key Figures
- Gain on Transfer: Approximately 6 billion yen (to be recorded as special profit)
- Transferred Asset Area (Land): 1,571.25㎡
- Transferred Asset Area (Building Total Floor Area): 3,713.91㎡
AI要約
Overview of the Transfer
Osaki Estate Co., Ltd., a consolidated subsidiary of Osaki Electric Co., Ltd., has resolved to transfer land measuring 1,571.25㎡ and buildings measuring 3,713.91㎡ located in Minami-Azabu, Minato-ku, Tokyo to Escon Corporation. Due to confidentiality obligations, the transfer price and book value are not disclosed, but the gain on transfer is expected to be approximately 6 billion yen and will be recorded as a special profit in the fourth quarter of the fiscal year ending March 2026.
Use of Funds and Future Outlook
The funds obtained from the transfer will be allocated to growth investments to enhance corporate value and will also be used as funds for share buybacks and special dividends with the aim of improving capital efficiency. For details, please refer to the notices titled "Notice Regarding Revision of Full-Year Consolidated Earnings Forecast and Dividend Forecast (Special Dividend)" and "Notice Regarding Determination of Matters Concerning Share Buybacks" announced on the same day.
