Saikaya Department Store Reports Fixed Asset Gift Gain Following Renovation Agreement

TOKYO, Jul 15 (Pulse News Wire) – Saikaya Department Store CO.,LTD. (8254.T) reported a fixed asset gift gain resulting from a renovation agreement with Round One Japan Corporation.

The company finalized the amount received as a gift asset , after completing the final settlement process with multiple contractors involved in the renovation project. In accordance with an agreement reached prior to the grand opening of Round One on May 27, 2026, Saikaya recognized a portion of the tenant's renovation costs as a fixed asset donation.

Specifically, the company recorded a total of ¥55.0 million in fixed asset gains during the fiscal year ending August 2025, combining the initial recognition of ¥40.8 million in the third quarter of 2025 with an additional ¥14.3 million previously reported in the second quarter. Looking ahead, Saikaya anticipates continued stable financial performance driven by increased tenant revenue and higher customer traffic due to successful store renovations.

The company projects four consecutive profitable quarters for the current fiscal year, which includes the impact of the aforementioned fixed asset donations.