Source disclosure: February 26, 2026, 12:00 JST
TAISEI CORPORATION [1801.T]
TOKYO, Feb 26 (Pulse News Wire) -- Taisei Corporation (1801.T), led by President Soga Yoshio, announced today that its board of directors has resolved to invest in the Tenjin Ichibanchome Development Project Special Purpose Company, making it a subsidiary under specific accounting rules. The company will make this investment as part of its strategy to fund development projects in Fukuoka Prefecture.
The investment amount is expected to be ¥18.5 billion, which represents more than 1/100th of Taisei's capital stock. This level of investment qualifies the project-specific company as a special purpose entity under Japanese law. The Tenjin Ichibanchome Development Project Special Purpose Company was established on December 1, 2025, and operates within the Silsphire Accounting Office located in Chiyoda Ward, Tokyo.
Under the leadership of Director Inaba Koji, the newly designated subsidiary aims to manage and dispose of specific assets according to an asset securitization plan based on Japan’s Law on Securitization of Assets. Additionally, the company will engage in ancillary activities related to the securitization process. As of now, there are no significant human resource, transactional, or financial relationships between Taisei Corporation and the new subsidiary due to its recent establishment date.
Regarding the timeline, Taisei plans to sign a preferential subscription agreement in March 2026, withinitial funding scheduled for the same month. Subsequent investments are planned through December 2031, subject to phased contributions over time. According to the company, the impact of these investments on its overall performance is anticipated to be minimal.
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