TOKYO, Jun 12 (Pulse News Wire) – H.i.s.co.,ltd. (9603.T) announced today that its board of directors has approved the sale of real estate assets located in Tokyo World Gate Shinagawa Trust Tower, floors four and five, situated at Tokyo, Minato Ku Toranomon Yon Choume 1-1.
The total land area is 16131.84 square meters, with a floor space of 198774.23 square meters, including a dedicated portion measuring 7,595.44 square meters. The transaction price is set at ¥32.50 billion, while the book value stands at ¥32.00 billion. The expected gain from this sale is approximately ¥500 million. The buyer, Mori Building Co., Ltd., established on June 10, 1970, has a capital of ¥30.00 billion.
As of March 2026, Mori Building's net assets amount to ¥687.3 billion and total assets reach ¥1.82 trillion. The agreement is scheduled to be finalized on July 31, 2026, with the property handover anticipated on September 18, 2026. In a statement, the company highlighted that the impact of this asset sale on its October 2026 performance is expected to be minor. H.i.s.co.,ltd.
Assured stakeholders that it would promptly disclose any significant developments arising from this transaction.
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