TOKYO, May 14 (Pulse News Wire) – Espara Corp (3260.T), led by President Kaita Suzuki, announced today that its board approved the acquisition of rights related to power system land and facilities as part of its real estate sales business. The transaction involves a property located at Hokkaido Kameda Gun Nanae Chou Ji Jinsan with an area of 1486 square meters.
Details of the seller remain undisclosed due to confidentiality agreements. The rights handover is scheduled for May 15, 2026, with an initial payment of the right-of-use deposit due on May 15, 2026, followed by the remaining balance in June 2026. Full integration into the power grid is expected by February 2027. The cost of acquiring these rights will be funded entirely through internal resources.
The acquisition price exceeds the consolidated revenue reported at the end of the fiscal year ended February 2025, which was equivalent to 20% (or ¥60 million). Specific figures cannot be disclosed due to non-disclosure agreements with the sellers. Looking ahead, the company plans to sell the acquired land and rights. Any impact on future performance will depend on ongoing negotiations with potential buyers and will be communicated promptly upon finalization.
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