NIKKON Holdings Co.,Ltd.
Notice of Receipt of Final Report from the Special Committee
The company has received the final report from the Special Committee and is reviewing the policies for ownership, management, and operation of real estate, as well as examining measures to enhance corporate value. The company is considering the sale of 10 rental properties and promoting the securitization of 243 business-use properties based on capital efficiency evaluation. The funds procured will be allocated to shareholder returns and growth investments such as M&A.
Key Figures
- 10 rental properties, market valuation approximately 40 billion yen
- 243 business-use properties, market valuation approximately 130 billion yen
AI要約
Key Announcements
The Special Committee, established in June 2025 and composed exclusively of independent outside directors, held 15 meetings to review the company's policies on real estate ownership, management, and operation. With advice from external advisors, the committee recommended, as a principle, reviewing the possibility of selling 10 rental properties and pursuing securitization for business-use properties with capital efficiency below WACC, after examining individual circumstances. The committee also evaluated the impact of past M&A activities and proposed promoting future M&A and clarifying the use of funds.
Impact on Investors
Based on the recommendations of the Special Committee, the company will advance the securitization of owned real estate, aiming to improve capital efficiency and corporate value by allocating funds to shareholder returns and growth investments including M&A. Specific measures will be incorporated into the next medium-term management plan scheduled for announcement in March 2026. Additionally, the company plans to enhance governance transparency, demonstrating to investors its commitment to realizing sustainable mid- to long-term growth strategies.
