TOKYO, May 11 (Pulse News Wire) – Keikyu Corporation (9006.T) reported a special gain of ¥17.7 billion for its fiscal year ending March 31, 2026, resulting from the sale of part of its land holdings to the Ministry of Land, Infrastructure, Transport and Tourism's Tokyo National Highway Office. The transaction was initiated due to progress in the Shinagawa Station West Exit Foundation Improvement Project.
As part of this project, Keikyu transferred a portion of its land, leading to a fixed asset disposal profit of ¥17.7 billion recorded as a special item in the fiscal year from April 1, 2025, to March 31, 2026. Additionally, the company anticipates further phased transfers of its remaining land assets in conjunction with ongoing developments related to the project.
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