LAND BUSINESS CO.,LTD. [8944.T]
TOKYO, Jun 12 (Pulse News Wire) – Land Business CO.,LTD. (8944.T) resolved at its board meeting held, to sell real estate assets located at Tokyo, Kokuritsu Shi with a land area of 1484.34 square meters and a total floor space of 2,582.05 square meters.
The sale price is expected to exceed the threshold amount equivalent to ２% percent of the company's revenue in the previous fiscal year ending September 2025, which was ¥111 million. The buyer is a domestic entity, but due to confidentiality agreements, further details cannot be disclosed.
There are no significant capital, personal, or transactional relationships between the buyer and Land Business, nor does the buyer qualify as a related party according to regulatory definitions. The contract is scheduled to be finalized, with delivery anticipated around August 28, 2026.
The impact of this sale on the company’s performance has already been incorporated into the previously announced consolidated earnings forecast for the fiscal year ending September 2026.
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