TOKYO, Mar 27 (Pulse News Wire) – IHI Corporation (7013.T) announced today that it has decided to sell part of its fixed assets, primarily real estate holdings located in, Tokyo, to improve capital efficiency and strengthen growth and development initiatives. The sale includes approximately ¥17.50 billion worth of rental properties.
The transaction is expected to result in an estimated gain of about ¥8.700 billion being recorded as extraordinary income in the consolidated financial statements for the fiscal year ending March 2026. Additionally, about ¥8.700 billion will be recognized as special profit in the individual financial statements for the same period. A second phase of the asset transfer is scheduled for March 2027, with corresponding gains anticipated to be recorded in the subsequent fiscal year.
The buyer is a domestic general corporation, whose identity remains undisclosed due to confidentiality agreements. IHI confirmed that there are no significant capital, personal, or commercial relationships between the buyer and the company, and the buyer is not affiliated with any anti-social organizations. The sale aligns with the company's Group Management Policy 2023 aimed at enhancing capital efficiency and securing investment funds for portfolio transformation.
IHI stated that it plans to continue strategic asset disposals to bolster its financial foundation and operational effectiveness moving forward.
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