AXAS HOLDINGS CO.,LTD. [3536.T]
TOKYO, May 14 (Pulse News Wire) – Axas Holdings CO.,LTD. (3536.T) announced today that it has changed the purpose of some held real estate assets from sales properties to fixed assets through its wholly-owned subsidiary, AXAS Corporation.
The decision was made due to the need to utilize part of the acquired properties for company offices following mergers and acquisitions (M&A). The affected property is located at Hyougo, Kobe Shi Chuuouku Isobe Toori Ni Choume330 and had a book value of ¥535 million as of April 30, 2026. The change in holding purpose took effect.
The company plans to maintain the same carrying amount for the transferred asset. Regarding future impacts, AXAS Holdings stated that the alteration would have a minor effect on its fiscal year ending August 2026. Should there be any significant impact on the company's finances or performance, AXAS Holdings committed to disclosing such changes promptly.
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