KIMURATAN CORPORATION [8107.T]
TOKYO, Apr 10 (Pulse News Wire) – Kimuratan Corporation (8107.T) announced today that its subsidiary, Kimuratan Estate, has decided to sell real estate assets through a resolution made at a board meeting held on April 10. The property being sold is located at Tokyo, Fussa Shi and is intended for use as common residential housing.
It covers an area of 637.49 square meters with a total floor space of 2227.44 square meters. The sale agreement is scheduled to be finalized on April 10, 2026, with settlement and delivery expected around mid-May 2026. The revenue generated from this transaction is anticipated to exceed 10% of the consolidated sales reported in the fiscal year ending March 2025.
However, due to changes in the delivery schedule, the company expects to recognize the sale and associated profits in the first quarter of the fiscal year ending March 2027 instead of the originally planned fiscal year ending March 2026. Additionally, the company stated that it currently does not have any capital, personal, or trading relationships with the buyer. The asset was previously recorded as inventory on the subsidiary’s balance sheet.
Kimuratan Corporation will promptly disclose the impact of this delay on its consolidated performance for the fiscal year ending March 2026 once the figures are finalized.
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