Nozaki Insatsu Shigyo to Transfer Fixed Assets Due to Urban Redevelopment

TOKYO, Jun 23 (Pulse News Wire) – Nozaki Insatsu Shigyo CO.,LTD. (7919.T) announced today that its board of directors, held, resolved to transfer certain fixed assets due to urban redevelopment efforts led by Kyoto City.

The transferred asset includes land located at Kyoto, Kyoto Shi Minami Ku Kusedenjou Chou. The estimated gain from the sale is ¥130 million. The transaction will be finalized with Kyoto City, which requested non-disclosure of the purchase price and book value.

No significant capital, personal, or trading relationships exist between Nozaki Insatsu Shigyo and Kyoto City, ensuring there are no related party transactions. The contract was signed, with the anticipated delivery date set for September 30, 2026. As part of this agreement, Nozaki Insatsu Shigyo expects to record a provisional special profit of ¥130 million in its fiscal year ending March 2027.

The company will promptly disclose any further developments related to this transaction.