Sale of real estate held for sale
URBANET CORPORATION CO.,LTD. (the Company)
An investment condominium in Shimotakaido, Suginami-ku, Tokyo, with a site area of 1,322.14 square metres, total floor area of 2,974.11 square metres, wall-type reinforced-concrete construction, 5 above-ground floors and 74 units
The sale price is ¥3.393 billion or more, equivalent to at least 10% of consolidated net sales for the immediately preceding fiscal year. The impact of the gain on sale on earnings is expected to be less than 30% of ordinary profit and net income attributable to owners of the parent for the immediately preceding fiscal year.
The next fiscal year (the fiscal year ending June 2027)
There will be no impact on the full-year consolidated earnings forecast for the current fiscal year (the fiscal year ending June 2026).
The sale and purchase agreement is scheduled to be signed, and completion, delivery and revenue recognition are scheduled for the next fiscal year (the fiscal year ending June 2027).
| Item | Details |
|---|---|
| Event name | Sale of real estate held for sale |
| Date of occurrence | 18 June 2026 (the date the Board of Directors resolved to approve the sale) |
| Subject Entity | URBANET CORPORATION CO.,LTD. (the Company) |
| Target Locations / Products | An investment condominium in Shimotakaido, Suginami-ku, Tokyo, with a site area of 1,322.14 square metres, total floor area of 2,974.11 square metres, wall-type reinforced-concrete construction, 5 above-ground floors and 74 units |
| Amount of Impact on Business Performance | The sale price is ¥3.393 billion or more, equivalent to at least 10% of consolidated net sales for the immediately preceding fiscal year. The impact of the gain on sale on earnings is expected to be less than 30% of ordinary profit and net income attributable to owners of the parent for the immediately preceding fiscal year. |
| Accounting period in which recognized | The next fiscal year (the fiscal year ending June 2027) |
| Impact on Earnings Forecast | There will be no impact on the full-year consolidated earnings forecast for the current fiscal year (the fiscal year ending June 2026). |
| Outlook | The sale and purchase agreement is scheduled to be signed, and completion, delivery and revenue recognition are scheduled for the next fiscal year (the fiscal year ending June 2027). |
Items this document does not state (17)
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.No specific reason for the sale was disclosed. The buyer and sale price will not be disclosed pursuant to the confidentiality provisions of the sale and purchase agreement.