TOKYO, Apr 15 (Pulse News Wire) – Shoei CO.,LTD. (3483.T) completed the acquisition of real estate located in Tokyo, Minato Ku Motoazabu Ni Choume .
The property consists of land measuring 191.85 square meters and was purchased for ¥1.400 billion. Additionally, the company secured a loan from Yokohama Kōginkō Shinkōkumiai amounting to ¥1.250 billion at a variable interest rate based on 1.825% plus 0.925%. The loan term is three years, with the funds borrowed .
The transaction is part of the company's strategy to expand its real estate investment and development activities. The property’s intended use remains undetermined. The company did not disclose further details about the seller due to confidentiality agreements but confirmed there are no capital, personal, or transactional relationships with the seller.
Shoei expects the impact on its July 2026 fiscal quarter performance to be minor.
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