TOKYO, Mar 17 (Pulse News Wire) – Wellco Holdings Corporation (7831.T) announced today that its board of directors decided to sell certain fixed assets, and entered into a real estate sales contract. The sale includes idle land and buildings located at Chiba, Katori Gun Tako Chou Mito Ji Mito Dai 1-48, covering approximately 33221.22 square meters of land and 8,188.06 square meters of building space.
The transaction is expected to result in a gain of about 7 March 17, 2026 due to effective utilization of resources and improved asset efficiency. However, the exact selling price and book value will not be disclosed at the request of the undisclosed buyer. The estimated profit is calculated based on the selling price minus the book value and related expenses.
The property being sold was previously used as the old Uirusu Corporation Kanto factory. The transfer of ownership is scheduled to take place. Wellco Holdings stated there are no capital, trading, or personal relationships between the company and the buyer.
In connection with this transaction, the company anticipates recognizing a fixed asset disposal gain of approximately ¥760 million in the second quarter of the fiscal year ending October 2026.
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