TOKYO, Mar 19 (Pulse News Wire) – Tokyo Electron Device Limited (276A.T) announced today that its board of directors, held, approved the acquisition of two properties intended for sale. The decision was made based on the compact size and potential early identification of suitable tenants for these assets, which did not meet the investment criteria set by Industrial Investment Fund Corporation (IIF).
The properties, located in Fujisawa City, Kanagawa Prefecture, consist of land and buildings. They were acquired through a contract dated March 19, 2026, with settlement also occurring on the same day. The total purchase price exceeds 10% of the company's net assets as of August 2025.
The company plans to hold the properties for a certain period before selling them to third parties. In line with its mid-term strategy FY2026-FY2028, titled "A Tech-Driven Platform Strategy," Tokyo Electron Device will continue to explore real estate investment opportunities, particularly those involving multiple properties, in collaboration with partner firms. The company aims to capitalize on growing CRE needs arising from business entities while enhancing capital efficiency and reorganizing facilities.
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