Tose Co., Ltd.
Notice regarding the anticipated recognition of gains from asset disposal and extraordinary profit, and the consolidation of bases and headquarter relocation
Announcement of the disposal of head office land and buildings and consolidation of bases through the construction of a new Nagaokakyo office building. The gain from disposal will be applied to the funding of the new office construction, with delivery/relocation scheduled for March 2028.
Key Figures
- Gain on disposal: 2,474 million yen
- Construction funds: Cash inflow of about 28 hundred million yen, cash outflow of about 57 hundred million yen
- Nagaokyo new office building construction cost: approx. 2,830 million yen
- Delivery date: March 2028 (new office completion and relocation)
AI要約
Overview of consolidation of bases and asset disposal
We have resolved to dispose of fixed assets related to the head office and will consolidate by relocating and reconfiguring the Kyoto head office, the Nishi-Oji Development Center, and the Yamazaki Development Center into the new Nagaokyo office building. The gains from disposal are intended to fund the construction of the new office, with delivery scheduled for March 2028. The new office building is targeted to commence operations in Nagaokyo by January 2028, with lease and disposition arrangements for related bases implemented in phases. Construction costs, etc., may be affected by inflation, but currently project cash flows are within the expected range.
Impacts and outlook
There will be no direct impact on the consolidated results for the fiscal year ending August 2026, and gains on disposal will be recorded as extraordinary income. In accounting for the construction of the new office building, we are considering applying accelerated depreciation, which, if applied, could result in extraordinary losses due to fixed asset depreciation. We plan to incorporate this accounting treatment into future earnings forecasts.
Tose Co., Ltd.
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