Nippon Ski Resort Development Co.,Ltd. [6040.T]
TOKYO, Mar 31 (Pulse News Wire) – Nippon Ski Resort Development CO.,LTD. (6040.T) completed the transfer of fixed assets held by its subsidiary, Hakuba Tourism Development Co., Ltd., to Mitsubishi Estate Co., Ltd.
And Shimizu Construction Co., Ltd. on September 30, 2024. The transferred asset includes land measuring 15463.03 square meters located in North Kōchi, Hakuba Village, Nagano Prefecture, currently used for parking lots and other facilities. The book value of the asset is ¥240 million, while the transfer price is ¥1.500 billion. Mitsubishi Estate, established on May 07, 1937, has a capital of ¥142.4 billion (as of March 31, 2025).
Its latest fiscal year's net assets total ¥2.74 trillion, and total assets amount to ¥8.00 trillion. Similarly, Shimizu Construction, founded on August 24, 1937, has a capital of ¥74.36 billion (as of March 31, 2025), with net assets totaling ¥923.8 billion and total assets amounting to ¥2.52 trillion. Both companies have no capital, personal, or transactional relationships with Nippon Ski Resort Development. As part of the deal, Nippon Ski Resort Development anticipates recognizing approximately ¥1.200 billion as special income due to the sale of fixed assets in the third quarter of the fiscal year ending July 2026. However, demolition costs and other related expenses associated with transferring the property as undeveloped land will result in a special loss of approximately ¥100 million.
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