Source disclosure: March 02, 2026, 10:30 JST
Published by Pulse News Wire: March 02, 2026, 10:31 JST
KODAMA CHEMICAL INDUSTRY CO.,LTD. [4222.T]
TOKYO, Mar 02 (Pulse News Wire) – Kodama Chemical Industry CO.,LTD. (4222.T) announced today that the sale of fixed assets held by its subsidiary, Yanagikawa Seiki Co., Ltd., was completed on February 27.
As a result, the company expects to record a special gain of approximately ¥804 million in its March 2026 quarter earnings report. The decision to sell the land and buildings stems from a comprehensive review of the group's assets aimed at enhancing operational efficiency and strengthening the company’s financial structure. The sold property includes a total area of 14565.24 square meters of land along with two buildings totaling 634.50 square meters. Located at Mie, Suzuka Shidou Haku5-10-17, the asset had been idle prior to the transaction.
Details of the buyer remain undisclosed due to confidentiality agreements. The company confirmed there are no significant capital, personal, or trading relationships between Kodama Chemical Industry and the buyer. The estimated profit from the sale, after deducting costs associated with the transaction, amounts to approximately ¥804 million. Looking ahead, Kodama Chemical Industry stated that while the impact of this transaction on overall performance is currently being assessed, any necessary adjustments to their forecast will be communicated promptly should they arise.
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