TOKYO, Jun 05 (Pulse News Wire) – NIC Autotec,Inc. (5742.T), chaired by CEO Koji Nishikawa, announced today that its board of directors held on June 05, 2026, approved the sale of land and buildings at its Toyama facility.
The move aims to enhance asset efficiency and optimize resource utilization across various locations within Toyama Prefecture. The property consists of approximately 2797.34 square meters of land and 3,538.67 square meters of building space. While the transaction price and book value remain undisclosed due to confidentiality agreements with the buyer, estimated gains from the sale amount to about ¥1 million.
The buyer is a domestic general corporation whose specifics cannot be disclosed due to non-disclosure agreements. There are no significant capital, personal, or trading relationships between NIC Autotec and the buyer. Scheduled completion of the contract signing is expected in late June 2026, followed by delivery of the assets in late September 2026.
The company anticipates the impact on its fiscal year 2027 results to be minor but commits to disclosing any further developments promptly.
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