TOKYO, Mar 25 (Pulse News Wire) – Hulic CO.,LTD. (3003.T) announced today that its subsidiary, Chobou Property, will be excluded from consolidated financial statements following the sale of its entire anonymous partnership stake.
The decision was made during a board meeting held . Chobou Property, established on May 31, 2023, had received capital contributions from Hulic in June and July of 2023 to acquire trust beneficiary rights. The sale price for the stake was ¥15.82 billion. Post-sale, Hulic's investment ratio will decrease from 80% to 0%.
In recent years, Chobou Property reported negative operating profit of ¥2.054 billion and ¥2.044 billion for the fiscal years ending September 2024 and September 2025, respectively. Total assets stood at negative ¥46.20 billion and ¥46.30 billion, while revenue remained at negative levels of ¥2.362 billion and ¥2.410 billion. The transaction is scheduled to take place on March 31, 2026. According to Hulic, the impact on future earnings is expected to be minor, and there will be no changes to the previously disclosed forecast for the fiscal year ending December 2026.
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