Plantation and Leasing Business through the Acquisition of Agricultural Land in Hawaii, U.S.
First written in FY2020-Q3. 1 of 4 entries say "Advanced", first in FY2020. Latest entry: FY2025.
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- FY2025DroppedAnnual report
「The company's consolidated subsidiary held agricultural land in Hawaii, but sold it during the consolidated fiscal year.」
Regarding the plantation and leasing business using farmland in Hawaii, the farmland was sold and the balance on the consolidated balance sheet fell to zero. It is no longer listed as an ongoing investment business. - FY2023No rental profit or loss for the periodAnnual report
「There was no rental profit or loss relating to the real estate held for rental and other purposes in the fiscal year ended March 2023.」
The company had recorded rental profit of ¥15.092 million on the Hawaii farmland in the previous fiscal year, but stated that there was no rental profit or loss for the current fiscal year. - FY2020AdvancedAnnual report
「The main increase during the consolidated fiscal year was agricultural land acquired by the company's consolidated subsidiary, SUN GREEN POWER ENERGY PTE. LTD.」
The acquisition of farmland on the island of Oahu, Hawaii, was completed, increasing the carrying amount of real estate held for rental and other purposes by ¥200 million. - FY2020-Q3First statedAnnual report
「To conduct a leasing business and other activities related to the plantation business involving the acquisition of farmland in Hawaii, U.S., which had been planned as an use of the funds raised, our subsidiary SUN GREEN POWER ENERGY PTE. LTD. decided to acquire farmland on the island of Oahu, Hawaii. At a meeting of the company's Board of Directors on 10 February 2020, it resolved to enter into an agreement concerning the execution of a real estate purchase and sale contract, and ¥200,000,000 was transferred to a deposit account managed by an attorney as a transaction application deposit. Once the real estate purchase and sale contract and land lease agreement, scheduled for execution on 28 February 2020, have been concluded, the transaction application deposit will be applied to the purchase price of the real estate.」
As an use of the funds raised through a third-party allotment, the company planned a plantation and leasing business through the acquisition of 69,565.5 square meters of farmland on the island of Oahu, Hawaii, and spent ¥200 million on an application deposit. As of the filing date, the company was at the stage of planning to execute the real estate purchase and sale contract and land lease agreement.