TOKYO, Mar 24 (Pulse News Wire) – First-corporation Inc. (1430.T) announced today that its board of directors has approved the sale of real estate intended for condominium development.
The transaction involves selling a portion of the property corresponding to the buyer’s share ratio, which is set to close on March 24, 2026. The land, located in Tokyo, Bunkyou Ku, covers an area of 1100.10 square meters. Due to confidentiality agreements with the buyer, detailed specifics such as the identity of the purchaser and the precise sales price remain undisclosed. However, the company confirmed that the sale price exceeds 10% of its revenue from the previous fiscal year ending May 2025. Additionally, the expected gain from this sale surpasses 30% of the consolidated ordinary profit and net income attributable to parent shareholders reported in the same fiscal year.
No significant capital or personal relationships exist between First-corporation Inc. and the buyer. The company stated that it continues to assess the impact of this sale on its forecasted performance for the fiscal year ending May 2026, which was initially published on July 15, 2025. Any necessary adjustments to the outlook will be disclosed promptly. The delivery of the property is scheduled for March 26, 2026.
🟡 Confidence: Standard AI-translated content.