LAND BUSINESS CO.,LTD. [8944.T]
TOKYO, May 22 (Pulse News Wire) – Land Business CO.,LTD. (8944.T) announced today that its board of directors, convened, approved the sale of real estate located at Tokyo, Shinagawa Ku.
The property consists of land and buildings with a total floor area of 2605.46 square meters (as per public records). The buyer is a domestic non-profit organization; however, confidentiality agreements prevent further details from being disclosed.
The transaction amount exceeds the equivalent of 10% percent of the company’s revenue for the fiscal year ended September 2025. There are no significant capital, personal, or transactional relationships between the seller and the buyer, nor does the buyer qualify as a related party according to regulatory definitions.
Key milestones for the deal include: - Contract signing date: May 29, 2026 (tentatively scheduled) - Property delivery date: June 15, 2026 (tentatively scheduled) Regarding future outlook, the impact of this real estate sale on the company’s performance is already reflected in the consolidated earnings forecast released on May 14, 2026, for the fiscal year ending September 2026.
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