Osaki Electric Co., Ltd.
(Disclosure Progress) Notice Regarding Completion of Fixed Asset Transfer Procedures at Consolidated Subsidiary
Consolidated subsidiary Osaki Estate Co., Ltd. transferred land and buildings in Minamiazabu, Minato-ku, Tokyo for approximately 6 billion yen, with the procedures completed on March 24, 2026. The capital gain is expected to be recorded as a special profit.
Key Figures
- Capital Gain: Approximately 6 billion yen (to be recorded as special profit)
- Transferred Assets (Land): 1,571.25㎡ (Minamiazabu, Minato-ku, Tokyo)
- Transferred Assets (Total Floor Area of Buildings): 3,713.91㎡
AI要約
Overview of the Transfer
Osaki Estate Co., Ltd., a consolidated subsidiary of Osaki Electric Co., Ltd., transferred land measuring 1,571.25㎡ and buildings totaling 3,713.91㎡ located at 4-chome Minamiazabu, Minato-ku, Tokyo, to Escon Corporation. The transfer procedures were completed on March 24, 2026. The capital gain 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. Transfer amounts and book values are confidential and not disclosed.
Background and Future Utilization
The company prioritizes improving ROE and, as part of capital efficiency initiatives, resolved and executed the sale of some real estate business assets. Funds obtained from the transfer will be used for growth investments, share buybacks, and special dividends to enhance corporate value and strengthen shareholder returns. The special profit arising from this transfer is already factored into the full-year earnings guidance, and there is currently no revision to the earnings forecast.
