TOKYO, Apr 14 (Pulse News Wire) – Shochiku CO.,LTD. (9601.T) announced today that its board of directors approved the sale of fixed assets to enhance asset utilization and efficiency.
The company plans to sell the Hakata ST Building located in Fukuoka, Fukuoka Shi Hakata Ku, which includes land area of 797.08 square meters and building area of 14773.19 square meters. The estimated gain from the sale is approximately ¥4.500 billion. Details such as the transaction price and book value will be disclosed upon contract completion. The buyer's identity will also be revealed once the deal is finalized.
There are no significant capital, personal, or commercial ties between Shochiku and the potential buyer. The closing date remains undetermined pending contract negotiations. In terms of financial impact, the sale will not affect the fiscal year ending February 2026. However, Shochiku anticipates recognizing a special profit of ¥4.500 billion as a result of the asset disposal in the fiscal year ending February 2027.
This projected gain has already been reflected in the preliminary earnings forecast released concurrently with this announcement.
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