SYLA Holdings Completes Decision to Sell Real Estate Assets

TOKYO, Aug 06 (Pulse News Wire) – Syla Holdings CO.,LTD. (8887.T) announced today that its subsidiary, SYLA Corporation, has resolved to sell real estate assets located at Tokyo, Chiyoda Ku Iwamoto Machi, consisting of land and condominium units totaling 294.92 square meters.

The transaction's specifics include a planned floor area of 2245.61 square meters and a sale price that remains undisclosed due to confidentiality agreements. The expected revenue from this sale is anticipated to exceed the upper and lower limits of the company’s forecasted consolidated sales for the fiscal year ending May 31, 2027, but will fall below the equivalent amount of the previous fiscal year ended May 31, 2026. The closing and delivery of the property is scheduled for May 31, 2027.

Details of the buyer remain confidential due to similar agreements. In terms of impact on performance, the proceeds from this sale will be recognized upon completion and delivery, which aligns with the previously disclosed earnings forecast for the fiscal year ending May 31, 2027. Should external conditions necessitate changes to the schedule, SYLA Holdings will promptly inform stakeholders.