Star Asia Investment Corporation
Notice Regarding Redemption of Owned Assets (Preferred Equity Securities)
Star Asia Investment Corporation announced that it will redeem the preferred equity securities it holds as of April 28, 2026, and expects to record a redemption gain of 151 million yen in the fiscal period ending July 2026.
Key Figures
- Number of Units Held: 13,328,342 units
- Acquisition Cost: 1,562,569,919 yen
- Expected Redemption Gain: 151 million yen (Fiscal period ending July 2026)
AI要約
Overview of Owned Assets (Preferred Equity Securities)
The preferred equity securities held by Star Asia Investment Corporation are issued by GSA JP Project 1 Special Purpose Company, which holds beneficiary rights from a trust where real estate is the trust property. The trust property is HAKUSAN HOUSE, with 13,328,342 units held and an acquisition cost of 1,562,569,919 yen.
Redemption and Future Outlook
The redemption of these preferred equity securities is scheduled for April 28, 2026, at which time dividend payments will also be made. As a result, a redemption gain of 151 million yen is expected to be recorded in the fiscal period ending July 2026. This redemption has been factored into the financial summary for the fiscal period ending January 2026, and there is no revision to the earnings guidance.
Star Asia Investment Corporation
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