Sakai Chemical Industry Co., Ltd.
Notice Regarding the Transfer of Fixed Assets
Sakai Chemical Industry has resolved to transfer its industrial waste final disposal site in Iwaki City, Fukushima Prefecture, to Daiei Environment Co., Ltd. for approximately 1 billion yen.
Key Figures
- Gain on Transfer: Approximately 1 billion yen (to be recorded as gain on sale of fixed assets)
- Transferred Assets (Land): 437,093.00 ㎡
- Transferred Assets (Buildings): 248.62 ㎡ etc.
AI要約
Overview of the Transfer
At the board of directors meeting on March 23, 2026, Sakai Chemical Industry Co., Ltd. resolved to transfer its fixed assets for the industrial waste final disposal site located in Iwaki City, Fukushima Prefecture, to Daiei Environment Co., Ltd. The assets to be transferred include land measuring 437,093.00 ㎡ and buildings of 248.62 ㎡ etc., with an expected gain on transfer of approximately 1 billion yen. The transfer is scheduled to be executed in April 2026.
Background and Future Outlook of the Transfer
Following the termination of its pigment-grade titanium dioxide business, the company has seen a substantial reduction in industrial waste generation, and since the purpose of holding the final disposal site has been largely fulfilled, it decided to transfer the assets to utilize them effectively. The gain on transfer is expected to be recorded as a special profit in the consolidated financial statements for the fiscal year ending March 2027, with earnings guidance to be announced at the time of the fiscal year ending March 2026 results release. There are no capital or personnel relationships with Daiei Environment Co., Ltd., the transferee.
