Completion of Sale of Property Held for Sale and Launch of HAZMAT Warehouse Development Project
The filing company, CTF2号特定目的会社 (special-purpose company; development TMK)
(Tentative name) Kitahiroshima City HAZMAT Development Project in Kitahiroshima City, Hokkaido. Land area: 21,403.09 m²; planned total floor area: 8,169.48 m²; 8 buildings.
Revenue and profit from the sale are scheduled to be recorded in the third-quarter accounting period of the fiscal year ending August 2026. Amount: Not disclosed.
Third-quarter accounting period of the fiscal year ending August 2026
The development TMK is scheduled to complete construction at the end of April 2027. After completion, the Company will lease the entire facility under a master lease arrangement. During the development period, the Company will support the advancement of the project by undertaking project management services from the development TMK.
| Item | Details |
|---|---|
| Event name | Completion of Sale of Property Held for Sale and Launch of HAZMAT Warehouse Development Project |
| Date of occurrence | 31 March 2026 (date of completion of the sale of the property held for sale). Construction is scheduled to begin on 1 April 2026. |
| Subject Entity | The filing company, CTF2号特定目的会社 (special-purpose company; development TMK) |
| Target Locations / Products | (Tentative name) Kitahiroshima City HAZMAT Development Project in Kitahiroshima City, Hokkaido. Land area: 21,403.09 m²; planned total floor area: 8,169.48 m²; 8 buildings. |
| Amount of Impact on Business Performance | Revenue and profit from the sale are scheduled to be recorded in the third-quarter accounting period of the fiscal year ending August 2026. Amount: Not disclosed. |
| Accounting period in which recognized | Third-quarter accounting period of the fiscal year ending August 2026 |
| Outlook | The development TMK is scheduled to complete construction at the end of April 2027. After completion, the Company will lease the entire facility under a master lease arrangement. During the development period, the Company will support the advancement of the project by undertaking project management services from the development TMK. |
Items this document does not state (18)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The completion of the sale of the property held for sale took place as scheduled in the previously announced plan. Development of the HAZMAT warehouse will begin with the development TMK established with investments from エムエル・エステート株式会社, one operating company and the Company serving as the project entity. The project will proceed on the assumption that the Company will lease the entire facility under a master lease arrangement after completion.