Improving asset efficiency through the conversion and transfer of rental properties into trust beneficial interests
First written in FY2017-Q3. 2 of 6 entries say "Achieved", first in FY2017. Latest entry: FY2021-Q3.
19 other companies' latest entry also says "Achieved".
- FY2021-Q3AchievedAnnual report
「At a meeting of the Board of Directors held on 30 July 2020, the company resolved to transfer fixed assets as described below, entered into a fixed-asset transfer agreement on the same date, and completed delivery on 15 January 2021.」
The transfer of the former production facilities that had become idle was completed on 15 January 2021, and the company disposed of the assets to improve the efficiency of its management resources and strengthen its financial position. - FY2021-Q2RestatedAnnual report
「To improve the efficiency of its management resources and strengthen its financial position, the company decided to transfer part of its fixed assets, namely its former production facilities that had become idle.」
The company continues to disclose the agreement and scheduled delivery relating to the transfer of its former production facilities that had become idle, for the purpose of improving the efficiency of management resources and strengthening its financial position. - FY2021-Q1AdvancedAnnual report
「To improve the efficiency of its management resources and strengthen its financial position, the company decided to transfer part of its fixed assets, namely its former production facilities that had become idle.」
Following the earlier transfer of rental real estate, the company also entered into a transfer agreement for its former production facilities that had become idle, with the aim of improving the efficiency of management resources and strengthening its financial position. The gain on the transfer was approximately ¥930 million, and the scheduled delivery date was 1 February 2021. - FY2018Cited as achievedAnnual report
「The gain on the sale of fixed assets in the previous consolidated fiscal year was primarily attributable to the sale of the Sasazuka NA Building.」
The sale of the Sasazuka NA Building is cited as a past example of improving asset efficiency and is also described as a factor behind the decline in real estate rental income for the current period. - FY2017AchievedAnnual report
「At a meeting of the Board of Directors held on 20 December 2016, the company resolved to transfer the fixed assets as described below and completed the transfer on 18 January 2017.」
The company converted the land and buildings of the Sasazuka NA Building into trust beneficiary interests and completed the sale on 18 January 2017 for a transfer price of ¥11,800 million. - FY2017-Q3First statedAnnual report
「To improve the efficiency of asset utilization, the company decided to transfer the fixed asset after converting it into trust beneficiary interests.」
The land and buildings in Sasazuka, Shibuya-ku, Tokyo, were converted into trust beneficiary interests and transferred for ¥11,800 million on 18 January 2017. The company expected to record the gain on the sale of the fixed assets as extraordinary income in the fourth quarter when the property was delivered.