TOKYO, Mar 13 (Pulse News Wire) – Tokyo Electron Device Limited (276A.T) announced today that its board of directors, held, approved the sale of development land located in Hokkaido's Kitahiroshima City. The property was acquired in August 2025 for the purpose of constructing a hazardous materials warehouse.
The transaction involves transferring the land to a special-purpose company named CTF2 Co., Ltd. The sale price is subject to confidentiality agreements but is expected to exceed the equivalent of 10% of the company’s consolidated revenue for the fiscal year ended August 2025. The closing is scheduled for March 31, 2026, contingent upon receiving building permits.
Any updates on the progress of permit applications will be disclosed promptly. CTF2 Co., Ltd., established on January 6, 2023, has a capital of ¥100,000. Its primary activities involve asset securitization and management according to legal frameworks.
The company does not have any capital, personnel, or related party relationships with Tokyo Electron Device Limited.
🟢 Confidence: High AI-translated content.