NAKAYAMA STEEL WORKS,LTD. [5408.T]
TOKYO, Mar 31 (Pulse News Wire) – Nakayama Steel Works,ltd. (5408.T) announced today that its board of directors, held, approved the sale of certain fixed assets to fund a new electric furnace investment.
The company plans to sell a property located in Osaka, Hirakata Shi Kitayama Ichi Choume consisting of ¥2.362 billion leased real estate properties. Details of the transaction price and book value will not be disclosed due to confidentiality agreements with the buyer. The estimated gain from the sale will be recognized as “Fixed Asset Disposal Gain” in the special income category during the fiscal year ending March 2027.
The agreement is expected to be finalized in May 2026, with the asset transfer scheduled for the same month. The proceeds from the sale will support the company’s long-term strategy outlined in its previously announced plan dated May 09, 2025. Nakayama Steel Works intends to disclose its full-year earnings forecast for the fiscal year ending March 2027 alongside its March 2026 financial results.
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