Tokyo Board Industries to Sell Assets for Estimated Gain of 4.250 billion

TOKYO, Jun 26 (Pulse News Wire) – Tokyo Board Industries CO.,LTD. (7815.T) announced today that it has decided to sell certain fixed assets through a resolution made at its board meeting held.

The sale, aimed at enhancing asset efficiency and strengthening the company's financial structure, is expected to result in a gain of approximately ¥4.250 billion which will be recognized as extraordinary income in the fiscal year ending February 2027. Details of the transaction reveal that the assets being sold consist of land and buildings located at Tokyo, Koutou Ku Shinkiba, among others. While the selling price and book value remain undisclosed due to the buyer’s preference, the company assured that the transaction reflects fair market prices. The estimated profit from the sale is derived by subtracting the book value and related expenses from the selling price. Regarding the timeline, the contract for the sale was finalized, with the anticipated delivery date set for June 30, 2026.

The company emphasized there would be no closure or relocation of operations at Group Jigyousho. Further, Tokyo Board Industries stated that while negotiations with the buyer preclude disclosing their identity, there are no significant capital, personal, or trading relationships between the two entities. The company also noted that it plans to continue utilizing the transferred assets through lease agreements post-sale. In anticipation of the sale, the firm is currently reviewing its overall performance forecast for the fiscal year ending February 2027, considering various factors. Once a reasonable estimate is available, the company pledged to disclose it promptly.