TOKYO, Mar 11 (Pulse News Wire) – Azplanning CO.,LTD. (3490.T) announced today its decision to acquire a sales property located in Tokyo, Shibuya Ku, which consists of a reinforced concrete structure with two floors above ground and two basement levels.
Details of the acquisition, including the identity of the seller and the purchase price, remain undisclosed due to non-disclosure agreements signed as part of the sale contract. The acquisition cost is expected to exceed Azplanning's net assets for the fiscal year ending February 2026.
Additionally, the company plans to finance the transaction through loans from financial institutions, with the loan amount also exceeding the same threshold but remains undetermined at this time. Scheduled for completion on March 31, 2026, the acquisition is anticipated to impact the company’s performance.
Azplanning intends to incorporate the effects of this deal into their forecast for the fiscal year ending February 2027 and disclose further details later.
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