Source disclosure: February 19, 2026
Osaki Electric Co., Ltd. [6644.T]
TOKYO, Feb 19 (Pulse News Wire) – Osaki Electric CO.,LTD. (6644.T) announced today that its subsidiary, Osaki Estate, resolved to sell fixed assets consisting of land and buildings located in Tokyo, Minato Ku Minami Azabu Yon Choume.
The sale, approved during a board meeting held, includes approximately 1571.25 square meters of land and 3,713.91 square meters of building space used for rental properties. The transaction is expected to result in a gain of about ¥6 billion, which will be recorded as extraordinary income in the fourth quarter of fiscal year 2026. The agreement was finalized, with the property handover scheduled for late March 2026.
The buyer, Escon Corporation, is based in Tokyo, Minato Ku Toranomon Ni Choume and specializes in residential development, real estate projects, asset management, and related services. In addition to enhancing capital efficiency, proceeds from the sale will support growth investments and shareholder returns through share repurchases and special dividends. Details on earnings impact and dividend plans are available in separate press releases concerning revised forecasts and dividend expectations.
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