TOKYO, May 25 (Pulse News Wire) – TOAMI CORPORATION (5973.T) announced today that its board of directors has approved the sale of real estate assets to optimize resource utilization. The transaction involves approximately ¥72 million square meters of land located at Miyazaki, Miyakonojou Shi Takagi Machi7,176-4, currently leased out as commercial property.
Details of the asset and estimated gains are as follows: - Land area: 9486.4 square meters - Current status: Leased commercial property The company stated that while the precise figures for the selling price and book value cannot be disclosed due to confidentiality agreements, the transaction reflects a fair market valuation based on expert advice. Estimated gains will be calculated by subtracting the book value and related expenses from the selling price. The sale is scheduled to close on June 3, 2026.
The buyer is a domestic entity whose identity remains undisclosed; there are no capital, personal, or trading relationships between the buyer and TOAMI CORPORATION. Additionally, the buyer does not qualify as a related party according to regulatory definitions. Regarding future outlook, TOAMI CORPORATION expects the proceeds from this asset sale to be recorded as extraordinary income.
As of now, there are no changes anticipated to previously published earnings forecasts set to be released on May 13, 2026.
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