Source disclosure: February 24, 2026
KODAMA CHEMICAL INDUSTRY CO.,LTD. [4222.T]
TOKYO, Feb 24 (Pulse News Wire) – Kodama Chemical Industry CO.,LTD. (4222.T) announced today that it has finalized a land sale agreement previously disclosed on January 16, 2026.
The transaction involves the sale of approximately 19.21 acres (about 77,700 square meters) of industrial land owned by its subsidiary, YSK Corporation, located in Chillicothe, Ohio, USA. The reason for the sale is to optimize the group's asset utilization and strengthen its financial structure. The expected gain from the sale is approximately $2.7 million. However, due to confidentiality agreements with the buyer, detailed figures such as the selling price and book value cannot be disclosed.
The final amount in yen will be determined based on the exchange rate on the day of recording. The contract includes a due diligence period of up to 90 days after signing, during which the delivery date will be confirmed. Assuming the deal goes through, the company anticipates recognizing a special profit of approximately ¥400 million as fixed asset disposal gains. The exact timing of this recognition remains fluid and will be communicated promptly once finalized.
This transaction does not involve any capital, personal, or commercial relationships with the buyer or related parties of Kodama Chemical Industry.
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