Source disclosure: February 27, 2026, 14:00 JST
TOSE CO.,LTD. [4728.T]
TOKYO, Feb 27 (Pulse News Wire) – Tose CO.,LTD. (4728.T) announced today that its board of directors decided to sell fixed assets, specifically the West-Ou Development Center building and land, during a meeting held.
The sale is part of the company's plan to relocate employees to a new office building in Nagaokakyo City, Kyoto, scheduled to open in January 2028. The proceeds from the sale, estimated at ¥745 million (excluding book value and transaction costs), will fund the construction of the new facility. The transfer is expected to take place in March 2027, but operations at the West-Ou Development Center will continue until January 2028 through a leaseback arrangement. Details of the assets being sold include approximately 1010.33 square meters of land and a building spanning eight floors with a total floor area of 2863.05 square meters located in Kyoto Prefecture’s Right Bank Ward.
The buyer is a domestic corporation whose identity remains undisclosed due to confidentiality agreements. The timeline includes signing a contract with the buyer in March 2026, completing demolition work on related buildings by July 2026, transferring non-office land by August 2026, and initiating the lease agreement in March 2027. Employees will move to the new office in early 2028, with the lease ending in March 2028. Regarding financial impact, TOSE anticipates recognizing special gains in the fiscal quarter ending August 2027, which will be reflected in their forecast for the full-year consolidated earnings report set to be released in October 2026.
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