Source disclosure: January 30, 2026
First Brothers Co., Ltd. [3454.T]
TOKYO, Jan 30 (Pulse News Wire) – First Brothers CO.,LTD. (3454.T) announced today that its subsidiary, Farthest Capital Corporation, has decided to sell fixed assets effective January 30, 2026.
As a result, the company expects to record special gains from the sale during the fiscal year ending November 2026. The decision stems from the group's strategy to maximize shareholder value through disciplined portfolio management, considering capital costs and market conditions. The asset being sold was originally intended for long-term holding but due to recent real estate market trends and overall assessment of profitability and capital efficiency, the company determined selling the property would best enhance corporate value. Details of the transaction include land measuring 948.26 square meters and buildings covering 1,521.78 square meters, located at Kanagawa, Kamakura Shi Onarimachi187-3. The estimated sales price is ¥960 million, while the book value stands at ¥948.26 million, resulting in a preliminary gain of ¥11.74 million.
The transfer is scheduled to take place in late March 2026. The buyer is a domestic corporation whose identity remains undisclosed due to confidentiality agreements. There are no significant capital, personal, or trading relationships between First Brothers and the buyer. In addition to the expected special gains, the company plans to reinvest the proceeds into higher-yielding opportunities to further strengthen its portfolio performance. The impact of this transaction on future earnings has already been incorporated into the previously disclosed forecast for the fiscal year ending November 2026.
Any additional significant developments will be promptly communicated.
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