Wealth Management,Inc. [3772.T]
TOKYO, Apr 23 (Pulse News Wire) – Wealth Management,Inc. (3772.T) announced today that its board of directors has approved the sale of its stake in the anonymous partnership interests held in a real estate trust that owns the Ibis Osaka Umeda hotel.
The transaction is expected to close on November 19, 2024. The hotel was acquired through an asset management agreement with Tsukuyomi Co., Ltd., which holds the real estate trust interests. The buyer is a domestic corporation whose identity will remain confidential per mutual agreement. The contract was signed on April 24, 2026, and the deal is scheduled to finalize on April 30, 2026.
This sale is part of the previously disclosed plan to complete transactions during the fourth quarter of fiscal 2026, which led to the revision of earnings forecasts. As a result, the parent company's net income for the first quarter of the consolidated accounting period is anticipated to exceed the equivalent figure reported for the fiscal year ended March 2025. Following the sale, World Brands Collection Hotels & Resorts will continue managing the hotel, while Wealth Realty Management Co., Ltd. will retain the asset management duties from Tsukuyomi Co., Ltd.
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