TOKYO, Mar 17 (Pulse News Wire) – Umenohana Group CO.,LTD. (7604.T) announced today that its wholly-owned subsidiary, Sushi Han, will sell fixed assets consisting of land and buildings located in Hyogo Prefecture and Osaka, Osaka Shi Nishiyodogawa Ku.
The sale is expected to result in approximately ¥1.4 billion in special gains for the fiscal year ending April 2026. The decision was made during a board meeting held, aimed at enhancing the group's financial structure and optimizing capital allocation. The assets being sold include properties currently used for restaurant operations and rental apartments. While the exact transaction price and book value cannot be disclosed due to confidentiality agreements, the company assured that the selling price reflects fair market conditions.
Additionally, the company noted that multiple domestic entities will acquire the assets, none of which are related parties according to regulatory definitions. The contract signing is scheduled for March 24 to 31, 2026, with asset delivery anticipated by the end of April 2026. Umenohana Group expects to recognize the gain in its consolidated financial statements for the fiscal year ending April 2026. A detailed impact assessment on the company’s earnings forecast for the same period is ongoing, and any significant findings will be communicated promptly.
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