TOKYO, May 13 (Pulse News Wire) – Tosho CO.,LTD. (8920.T) announced today that its board of directors approved plans to develop a five-story office building named TOSHO BLDG in Okazaki, Aichi Prefecture.
Construction is expected to be completed in summer 2027, with a total floor area of approximately 1,850 square meters. The investment is estimated to be around ¥650 million. This project marks the fifth office building developed by Tosho CO.,LTD. in the Nagoya region.
Following the successful completion of three previous buildings—TOSHO BLDG Toyota in 2026 and TOSHO BLDG Anjo currently under construction—the company aims to continue expanding its presence in high-demand locations such as Okazaki, which is known for attracting automotive-related businesses. Despite rising construction costs, Tosho remains committed to investing in profitable ventures to drive growth and contribute to regional revitalization. Notably, the impact on the current fiscal performance is anticipated to be minor. However, the company notes that various factors during construction could lead to changes in the project's scope and timeline.
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