Wealth Management,Inc. [3772.T]
TOKYO, Apr 28 (Pulse News Wire) – Wealth Management,Inc. (3772.T) announced today that its subsidiary Richesse/Management Kabushiki Kaisha received notice from joint venture company Kounaoka Development regarding the transfer of real estate trust beneficial rights to Forest Tokutei Mokuteki Kaisha ("the TMK").
The transaction was finalized on April 28, 2026. Key details of the transfer include: - Property location: Approximately 2,600 tsubo land located in Kanagawa, Ashigarashimo Gun Hakone Chou Goura. - Recipient: TMK, based at Tokyo, Chiyoda Ku Kasumigaseki San Choume 2-5, engaged in asset securitization activities. - Seller: Kounaoka Development, also located at Tokyo, Chiyoda Ku Kasumigaseki San Choume 2-5, involved in property development and management. - Contract signing date: April 28, 2026.
- Settlement and delivery date: June 30, 2026 (tentative). Additionally, Richesse/Management Kabushiki Kaisha signed an asset management agreement with the TMK on the same day. Regarding the impact on performance, the company expects sales revenue for the first quarter of fiscal year ending March 2026 to exceed 10% of the previous fiscal year's total sales. Operating profit, ordinary profit, and net income attributable to parent company shareholders are projected to surpass 30% of the corresponding figures from the fiscal year ended March 2025. This transaction aligns with the previously disclosed plan to complete significant transactions during the fourth quarter of fiscal year 2026, which had led to a downward revision of earnings forecasts announced on March 31, 2026.
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