TOKYO, May 01 (Pulse News Wire) – Striders Corporation (9816.T) completed the sale of real estate assets and hotel-related operations conducted by its subsidiary, Kurasiki Royal Art Hotel Co., Ltd., on March 31, 2026. The transaction involved transferring land, buildings, and related facilities owned by Kurasiki Royal Art Hotel located at Okayama, Kurashiki Shi Achi San Choume 21-19.
The subsidiary's capital stands at ¥27.1 million. In the fiscal year ended March 2025, the subsidiary reported sales revenue of ¥458.0 million, gross profit of ¥403.1 million, operating profit of --¥15.7 million, and ordinary profit of --¥18.5 million. These figures represented 5.88%, 19.95%, and negative percentages compared to consolidated group performance. The buyer for the fixed assets was Malta Specific Purpose Company, while the hotel operation was transferred to AIkonia/Hosupitariti Kabushiki Kaisha.
There are no significant relationships between Striders and either buyer in terms of human connections, transactions, or capital ties. Regarding accounting treatment, Striders plans to record the difference between the transfer price and the value of the transferred assets minus associated costs as extraordinary income in the first quarter of the current fiscal year. Looking ahead, the company expects this deal to result in approximately 4 to ¥600 billion in special gains reflected in the consolidated results for the fiscal year ending March 2027. Any additional material developments will be disclosed promptly.
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