Worth reading
63In focus
Scored from 4 of 5 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
59
¥100 million (estimated gain on sale)Wording
Conditional
How definitive the wording is.This transaction
This transactionCounterpartyOctopus LLC
Disclosing companyYOKOREI CO.,LTD.
TimelineThe spacing between the points is proportional to the actual number of days.
Target company
Net assetsNot disclosed at the request of the transferee of the trust beneficial interests.
Consideration and expenses
Acquisition priceThe transfer price and total lease payments are not disclosed at the request of the transferee of the trust beneficial interests.
Type of ConsiderationCash
Funding arrangementsFunds raised in connection with the transaction will be allocated to capital expenditures, development of new locations, and network expansion.
Amount of extraordinary income (loss)An approximately ¥5.9 billion gain on the sale of fixed assets, expected to be recognized as extraordinary income in the fiscal year ending September 2026.
Impact on Business Performance
The impact on the full-year earnings forecast for the fiscal year ending September 2026 is currently being examined together with progress against the earnings forecast in the third-quarter results and other earnings factors. If it is determined that a revision to the earnings forecast is necessary, the Company will announce it promptly.
Procedures and assumptions
Valuation methodologyThe valuation will be based on the real estate appraisal conducted by an independent real estate appraiser, with reference prices obtained from other real estate operators for comparative evaluation.
Independent valuation institutionIndependent real estate appraiser
Special CommitteeA Real Estate Securitization Review Committee was established, including external experts among its members. The number of members was not disclosed.
Conditions Precedent to ExecutionFor the Nagaoka CONNECT Logistics Center, the trust agreement will be executed, the transfer of the trust beneficial interests will be completed, and the lease agreement will commence after completion of the building. The schedule may change depending on the status of construction work.
Management structure after acquisitionAfter the transfer of the target assets, the Company will continue to operate them as before under lease agreements with the buyer. The trade name, representative, and treatment of employees were not disclosed.
| Item | Details |
|---|---|
| Transaction name | This transaction |
| Counterparty name | Octopus LLC |
| Net Assets of the Subject Company | Not disclosed at the request of the transferee of the trust beneficial interests. |
| Acquisition price | The transfer price and total lease payments are not disclosed at the request of the transferee of the trust beneficial interests. |
| Type of Consideration | Cash |
| Funding arrangements | Funds raised in connection with the transaction will be allocated to capital expenditures, development of new locations, and network expansion. |
| Amount of extraordinary income (loss) | An approximately ¥5.9 billion gain on the sale of fixed assets, expected to be recognized as extraordinary income in the fiscal year ending September 2026. |
| Impact on Business Performance | The impact on the full-year earnings forecast for the fiscal year ending September 2026 is currently being examined together with progress against the earnings forecast in the third-quarter results and other earnings factors. If it is determined that a revision to the earnings forecast is necessary, the Company will announce it promptly. |
| Date of board resolution | 23 July 2026 |
| Contract Date | 23 July 2026 |
| Execution Date / Effective Date | 31 July 2026 (scheduled; Tokyo Haneda Logistics Center, Kazo Logistics Center, and Tsukuba Logistics Center) / 1 October 2026 (scheduled; Nagaoka CONNECT Logistics Center) |
| Valuation methodology | The valuation will be based on the real estate appraisal conducted by an independent real estate appraiser, with reference prices obtained from other real estate operators for comparative evaluation. |
| Independent valuation institution | Independent real estate appraiser |
| Special Committee | A Real Estate Securitization Review Committee was established, including external experts among its members. The number of members was not disclosed. |
| Conditions Precedent to Execution | For the Nagaoka CONNECT Logistics Center, the trust agreement will be executed, the transfer of the trust beneficial interests will be completed, and the lease agreement will commence after completion of the building. The schedule may change depending on the status of construction work. |
| Management structure after acquisition | After the transfer of the target assets, the Company will continue to operate them as before under lease agreements with the buyer. The trade name, representative, and treatment of employees were not disclosed. |
Items this document does not state (16)
Name of the Subject CompanyBusiness Description of the Subject CompanyLocation of the Subject CompanyCapital Stock of the Subject CompanyDate of Establishment of the Subject CompanyNet Sales of the Subject CompanyOperating Profit of the Subject CompanyNet Income of the Subject CompanyExpenses other than the acquisition priceMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodNumber of shares acquiredVoting rights ownership percentageGoodwill amount
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 Company intends to improve asset efficiency and financial flexibility, enabling it to allocate funds flexibly to growth investments, including meeting demand for refrigerated warehouses. The funds raised will be allocated to capital expenditures, development of new locations, and network expansion, with the aim of strengthening the earnings base and improving capital efficiency.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.