TOKYO, Mar 24 (Pulse News Wire) – Osaki Electric CO.,LTD. (6644.T) completed the transfer of fixed assets from its subsidiary, Osaki Estate Co., Ltd.,.
The transaction was initiated based on a resolution made during the board meeting held on August 6, 2024, aimed at improving capital efficiency and asset utilization. The transferred assets consist of land measuring approximately 1,000 square meters and buildings covering 3,713.91 square meters, located in Tokyo, Minato Ku Minami Azabu Yon Choume. The proceeds from this sale will contribute to growth investments and enhance shareholder returns through share repurchases and special dividends.
Osaki Electric expects to recognize a gain of around ¥1.2 billion as extraordinary income in the fourth quarter of the fiscal year ending March 2026. This anticipated profit has already been incorporated into the company's previously disclosed annual consolidated earnings forecast released on February 19, 2026, and thus does not require any adjustments to the existing projections. Details on the revised full-year consolidated performance outlook, special dividend plans, and share buyback program can be found in the press releases dated February 19, 2026.
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