TOKYO, Mar 27 (Pulse News Wire) – Ishii Food CO.,LTD. (2894.T) announced today that its board of directors approved the sale of real estate assets located in Chiba, Yachiyo Shi Yoshihashi.
The transaction includes land measuring approximately ¥8 billion square meters, currently occupied by a factory, with a transfer price of approximately ¥240 million. The decision follows the company's mid-term management plan announced in May [TICKER_1__ for fiscal years 2022 through 2026, which calls for fundamental restructuring of production systems. As part of this initiative, Ishii Food plans to build a new factory but determined that selling existing properties would better align with their overall funding strategy. The buyer, Daio House Kougyou Kabushiki Kaisha, based in Osaka, Osaka Shi Kita Ku Umeda San Choume, was established on March 04, 1947 with a capital of ¥162.2 billion.
Key shareholders in Daio include Nippon Master Trust Shintakugin Trust Bank (17.44%), Sumitomo Mitsui Banking Corporation (1.95%), and State Street Bank & Trust Company (2.54%). The contract signing is scheduled for March 27, 2026, with asset delivery expected in July [TICKER_2__. Looking ahead, Ishii Food anticipates recognizing special gains in fiscal year 2030 due to this transaction, though the exact amount remains undetermined. Further updates on the construction of the new factory will be disclosed promptly once decisions are made.
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