Source disclosure: March 05, 2026, 15:30 JST
Published by Pulse News Wire: March 05, 2026, 15:59 JST
SHINAGAWA REFRA CO.,LTD. [5351.T]
TOKYO, Mar 05 (Pulse News Wire) – Shinagawa Refra CO.,LTD. (5351.T) announced today that its board of directors resolved to sell fixed assets on March 05, 2026.
The sale includes two properties located in Ris Hula Kabushiki Kaisha and Tokyo, Setagaya Ku Chitose Dai Ichi Choume, generating approximately ¥2.43 billion in proceeds, which will be recorded as special income in the consolidated and individual financial statements for the fiscal year ending March 2026. The reasons for the asset disposal include strengthening the company's financial structure through debt repayment and securing funds for sustainable growth. The transferred assets consist of land and buildings used for rental purposes, with total areas of 1,477 square meters and 4,124 square meters in Ris Hula Kabushiki Kaisha, and 4,139 square meters and 5,680 square meters in Tokyo, Setagaya Ku Chitose Dai Ichi Choume. Details of the transaction remain confidential due to agreements with the undisclosed buyer, who does not have any significant capital, personal, or trading relationships with the company.
The contract is expected to be finalized on March 06, 2026, with property transfers scheduled to begin after March 11, 2026. Despite the asset sale, the company maintains its annual dividend forecast of ¥90 per share, previously announced on May 15, 2025. Moving forward, Shinagawa Refra CO.,LTD. plans to continue implementing asset sales to maintain a healthy financial position while advancing its growth strategy.
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