TOKYO, Mar 31 (Pulse News Wire) – TOP Culture CO.,LTD. (7640.T) announced today that its board of directors approved the sale of certain fixed assets.
The transaction, expected to close on May 29, 2026, includes land and buildings located in Niigata City's Chuo Ward. The sale involves approximately 14,890 square meters of land and 4,044.97 square meters of building space currently occupied by retail stores. While the final price and book value remain undisclosed due to confidentiality agreements, the estimated gain from the sale is around ¥1 billion.
The proceeds will support strategic investments in systems, store renovations, and new ventures aimed at long-term growth. In addition, the company disclosed that the special profit from the asset disposal will be recognized in its fiscal year ending October 2026. However, TOP CULTURE noted that ongoing performance forecasts for the same period are still being reviewed, and any necessary adjustments will be communicated promptly.
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