TOKYO, Mar 31 (Pulse News Wire) – Storage-oh CO.,LTD. (2997.T) announced plans to acquire two properties for the development of indoor storage units.
The acquisitions, located in Tokyo, Setagaya Ku Yawata Yama and Tokyo, Oota Ku Kamiikedai, cover areas of 129.95 square meters and 121.66 square meters respectively. The purchase prices for these properties will be less than ¥1.239 billion of the company's net assets from its previous fiscal year ending January 2026. Due to confidentiality agreements, specific details on the purchase price and sellers will not be disclosed. There are no capital, personal, or transactional relationships between the buyers and sellers involved.
Scheduled contract signing dates are April 1, 2026, for the property in Tokyo, Setagaya Ku Yawata Yama, and April 3, 2026, for the property in Tokyo, Oota Ku Kamiikedai. Delivery of the properties is expected on March 31, 2026 and May 28, 2026 respectively. Funding for the acquisitions will come from bank loans. In relation to future performance forecasts, the impact of these acquisitions has already been incorporated into the company’s earnings projections released on March 16, 2026, for the fiscal year ending January 2027.
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