TOKYO, Mar 25 (Pulse News Wire) – Tokyo Theatres Company,incorporated (9633.T) announced today that its board of directors approved the sale of certain fixed assets located in Tokyo, Minato Ku. The transaction includes land measuring 206.70 square meters and a building with a floor area of 1376.39 square meters.
The company plans to lease out the property post-sale. While the final price remains undisclosed due to confidentiality agreements, the sale reflects fair market value.
The deal is expected to close on March 31, 2026, with the asset transfer scheduled for April 14, 2026. As a result of this sale, Tokyo Theatres anticipates recognizing a special gain of ¥3.650 billion in its consolidated financial statements for the first quarter ending September 2027.
This move aligns with the company's strategy to optimize resources and strengthen its financial position.
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