Sanden Corp to Sell Real Estate Holding; Impact Under Review

TOKYO, Aug 07 (Pulse News Wire) – Sanden Corporation (6444.T) announced today that its board of directors has approved the sale of real estate assets located at SanDen Forest/Akagi Works in Gunma, Maebashi Shi Kasukawa Chouchuu No Sawa. The transaction is expected to close on August 17, 2026.

The company stated that the decision was made to enhance asset efficiency and strengthen its financial foundation. Post-sale, Akagi Works will continue operations through a lease agreement, ensuring no disruption to ongoing business activities, production, or environmental conservation efforts. Key details of the property include: - Location: Gunma, Maebashi Shi Kasukawa Chouchuu No Sawa 7-1 - Facility Name: SanDen Forest/Akagi Works Further specifics on the asset will be disclosed upon contract completion.

The handover of the property is scheduled for October 01, 2026, with payment receipt anticipated on October 01, 2026. Regarding the impact on the fiscal year ending December 2026, Sanden is currently assessing potential effects on consolidated operating results. Any significant findings will be promptly communicated.

Additional details such as the buyer identity and transaction price will be revealed once the sales agreement is finalized.