TOKYO, Mar 12 (Pulse News Wire) – Mullion Co.,Ltd. (3494.T) announced today that its board of directors resolved to acquire real estate located in Tokyo, Setagaya Ku.
The property consists of land and buildings with a total floor area of 497.59 square meters and a land area of 215.99 square meters. The acquisition is aimed at advancing the company's core rental business operations. The transaction price, which is subject to confidentiality agreements, is less than 10% of the company’s net assets. Additionally, part of the purchase cost will be financed through a loan from financial institutions, expected to be below 5% of the company’s net asset value but currently undetermined. The contract is scheduled to be finalized on March 24, 2026.
Following the acquisition, Mullion anticipates an increase in annual revenue of approximately ¥24 million. The impact on the fiscal year ending September 2026 is expected to be minor. Further details regarding financing and additional developments will be disclosed promptly as they arise. The handover of the property is set for the end of March 2026, contingent upon the completion of contractual arrangements. The company plans to continue expanding its valuable asset portfolio to enhance shareholder value moving forward.
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