SYLA Holdings Co.,Ltd. [8887.T]
TOKYO, Mar 31 (Pulse News Wire) – Syla Holdings CO.,LTD. (8887.T) announced today that its subsidiary, SYLA Corporation, has resolved to sell real estate assets consisting of land and condominium units located at Tokyo, Shibuya Ku Hatagaya.
The transaction includes a total floor area of 1205.34 square meters and a land area of 570.26 square meters. The sale price, which remains undisclosed due to confidentiality agreements with the buyer, exceeds the company’s revenue for the fiscal year ended May 2025. The contract was finalized, with settlement and delivery scheduled for November 30, 2026.
Details of the buyer remain confidential under non-disclosure agreements. Regarding the impact on performance, SYLA expects to recognize the sales proceeds and related profits upon completion and delivery of the property by the end of November 2026. As such, the company does not anticipate revising its earnings forecast for the fiscal year ending May 2026 at this time.
However, SYLA will promptly inform stakeholders should any adjustments become necessary due to unforeseen circumstances.
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