TOKYO, Mar 24 (Pulse News Wire) – Sakai Chemical Industry CO.,LTD. (4078.T) announced today that its board of directors, held on March 23, 2026, approved the sale of a waste disposal site located in Iwaki City, Fukushima Prefecture.
The transaction, expected to close in April 2026, involves land measuring approximately 1,230 square meters and buildings totaling 248.62 square meters. The company plans to sell the property to Daiei Environmental Co., Ltd., which specializes in environmental-related businesses and recycling operations. The anticipated proceeds from the sale are around ¥1 billion. Sakai Chemical stated that the disposal facility's purpose has largely been fulfilled due to the planned cessation of its titanium dioxide pigment business in fiscal 2026, leading to a significant reduction in industrial waste generation.
In addition to the sale, Sakai Chemical highlighted its commitment to reducing waste and promoting environmentally conscious management. The company aims to achieve a 20% reduction in industrial waste emissions by fiscal 2030 compared to fiscal 2021. The proceeds from the asset sale will be recognized as special income in the consolidated financial results for the fiscal year ending March 2027. Detailed forecasts incorporating the impact of this transaction will be disclosed alongside the March 2026 earnings release.
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