TOKYO, Mar 25 (Pulse News Wire) – Innotech Corporation (9880.T) announced today that its board of directors approved the sale and leaseback of fixed assets previously disclosed on August 8, 2025. As a result, the company expects to record special gains in its fiscal year ending March 2026 and March 2027.
The asset transaction involves the transfer of the Innotech Corporate Building located at Kanagawa, Yokohama Shi Kouhoku Ku Shin'Yokohama San Choume 17-6. The building comprises 3,389.44 square meters of land and approximately 29043.74 square meters of buildings. The company plans to transfer the property through a trust arrangement and lease back part of the office space used by the company.
The transfer price, book value, and total lease amount will be determined through competitive bidding but will not be disclosed due to confidentiality agreements with the buyer. The transfer is scheduled to take place on March 31, 2026, with the lease agreement expected to be finalized on March 31, 2026 as well. The final handover of the property is anticipated on March 31, 2026 and March 30, 2034.
As a result of this transaction, Innotech anticipates recording a special gain of ¥29 billion ¥15 million in the fourth quarter of the fiscal year ending March 2026 and another ¥34 billion ¥59 million in the second quarter of the fiscal year ending March 2027.
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