TOKYO, Apr 06 (Pulse News Wire) – Konaka CO.,LTD. (7494.T) announced today that its board of directors resolved to sell certain fixed assets owned by the company during a meeting held on April 06, 2026.
As a result, the company expects to recognize a special gain of approximately April 06, 2026 in the fiscal year ending September 2026. The sale is aimed at enhancing asset efficiency and strengthening the company's financial structure through effective utilization of resources. Two properties are involved in the transaction: 1. Located at Miyagi, Natori Shi Masuda 3-70-1, featuring a steel-framed building with a surface area of 966.78 square meters and land covering 2048.98 square meters. 2. Situated at Miyagi, Natori Shi Masuda 3-137-1, comprising a two-story steel-framed building with a surface area of 735.70 square meters and land spanning 2449.47 square meters.
The current status of the properties includes retail space and rental units. While the precise selling price and book value cannot be disclosed due to confidentiality agreements with the buyer, the company assures that the transaction reflects fair market prices. Estimated gains from the sale will be calculated based on the selling price minus the book value and anticipated transaction costs. The contract is scheduled to be finalized on April 27, 2026, with the handover of the properties also set for the same day. Looking ahead, Konaka anticipates recording a net gain of approximately April 27, 2026 as a special item in the fiscal year ending September 2026. Additionally, the company plans to divest further fixed assets held by subsidiaries, with detailed information to be released promptly upon completion of necessary procedures.
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