TOKYO, Mar 17 (Pulse News Wire) – Mitsui & CO.,LTD. (8031.T) announced today that it has decided to transfer real estate assets consisting of its shareholding in the Osaka Mitsui Building and the associated land.
The transaction includes properties located at Chuo Island, Osaka City, covering an area of 3037.78 square meters with a total floor space of 53150.49 square meters. Construction was completed on January 18, 2000. The transfer price and book value remain undisclosed; however, the transaction is based on a fair valuation determined through independent appraisals. The recipient, SMFL Mirai, is a company engaged in real estate-related businesses, environmental services, and other financial services. Established on October 1, 2018, SMFL Mirai has a capital of ¥500 million.
The agreement was finalized, with the asset handover scheduled for the same day. Mitsui & Co.'s subsidiary, Mitsui Real Estate Management Co., Ltd., holds a stake of 75.01% in the management of the transferred assets. Looking ahead, Mitsui & Co. expects to recognize a gain from the sale of fixed assets in the fourth quarter of fiscal year 2026. This anticipated profit is included in the consolidated earnings forecast published on February 3, 2026.
Additionally, the company plans to continue leasing and utilizing certain sections currently occupied by its Kansai branch office post-transfer.
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