Fujix to Sell Shanghai Subsidiary Assets for $1.73 Million

TOKYO, Jul 15 (Pulse News Wire) – FUJIX Ltd. (3600.T) announced that its subsidiary, Shanghai Fujix Thread Co., Ltd., will sell fixed assets located in Shanghai's Qingpu District.

The sale was approved during a board meeting held . The assets being sold consist of residential property covering 93.74 square meters. The transaction is expected to yield a profit of ¥1,730 thousand yuan (¥41 million). The company stated that while the exact book value and selling price cannot be disclosed due to confidentiality agreements with the buyer, the sale reflects fair market conditions. The exchange rate used for conversion purposes is ¥23/yuan.

The sale is scheduled to close on July 31, 2026, with the asset handover planned for the same day. The proceeds from this transaction will be recorded as extraordinary income in the third quarter of the fiscal year ending March 2027. The company is currently reviewing its full-year consolidated performance forecast and will promptly update stakeholders if any adjustments are necessary. FUJIX Ltd. aims to enhance operational efficiency and strengthen its financial position through this strategic divestiture.