Komori
M&A and Subsidiary Changes3252JINUSHI Co.,Ltd.Real Estate

Notice Regarding the Dissolution of a Subsidiary and Recognition of Income Tax Benefits and Deferred Tax Benefits

The Company will dissolve its wholly owned subsidiary, ニューリアルプロパティ株式会社, and plans to complete the liquidation on 31 August 2026. In connection with this, the Company plans to recognize ¥1,685 million in income tax benefits and other items on a consolidated basis for the fiscal year ending December 2026. These effects have already been incorporated into the earnings forecast.

Worth reading
41Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
1685
¥ million (consolidated)
Wording
Conditional
How definitive the wording is.

This transaction

Dissolution of ニューリアルプロパティ株式会社
Disclosing companyJINUSHI Co.,Ltd.
ニューリアルプロパティ株式会社Subject of this transactionVoting rights ownership percentage Before 100% (after not disclosed)
TimelineThe spacing between the points is proportional to the actual number of days.White points represent dates designated as scheduled dates in the document.
Target company

1. Real estate business 2. Overseas PFI business

Location Fukui City, Fukui PrefectureShare capital ¥100 millionDate of incorporation 1 October 2003
Net Sales— million (fiscal year ended December 2025)
Operating profitOperating loss of ¥96 million (fiscal year ended December 2025)
Net income for the current fiscal yearNet loss attributable to owners of the parent of ¥37 million (fiscal year ended December 2025)
Net assets¥300 million (fiscal year ended December 2025)
Impact on Business Performance

For the consolidated financial statements for the fiscal year ending December 2026, the Company plans to recognize a total of ¥1,685 million in income tax benefits and deferred tax benefits. A total of ¥1,530 million is expected to be recognized in the non-consolidated financial statements. These effects have already been incorporated into the consolidated earnings forecast for the fiscal year ending December 2026.

Procedures and assumptions
Conditions Precedent to ExecutionResolution to dissolve the company at an extraordinary general meeting of shareholders of NRP
This transaction
ItemDetails
Transaction nameDissolution of ニューリアルプロパティ株式会社
Name of the Subject Companyニューリアルプロパティ株式会社
Business Description of the Subject Company1. Real estate business 2. Overseas PFI business
Location of the Subject CompanyFukui City, Fukui Prefecture
Capital Stock of the Subject Company¥100 million
Date of Establishment of the Subject Company1 October 2003
Net Sales of the Subject Company— million (fiscal year ended December 2025)
Operating Profit of the Subject CompanyOperating loss of ¥96 million (fiscal year ended December 2025)
Net Income of the Subject CompanyNet loss attributable to owners of the parent of ¥37 million (fiscal year ended December 2025)
Net Assets of the Subject Company¥300 million (fiscal year ended December 2025)
Voting rights ownership percentageBefore 100% (after not disclosed)
Impact on Business PerformanceFor the consolidated financial statements for the fiscal year ending December 2026, the Company plans to recognize a total of ¥1,685 million in income tax benefits and deferred tax benefits. A total of ¥1,530 million is expected to be recognized in the non-consolidated financial statements. These effects have already been incorporated into the consolidated earnings forecast for the fiscal year ending December 2026.
Date of board resolution25 March 2026
Execution Date / Effective Date1 April 2026 (予定): Resolution to dissolve the company at an extraordinary general meeting of shareholders of NRP; 31 August 2026 (予定): Completion of liquidation
Conditions Precedent to ExecutionResolution to dissolve the company at an extraordinary general meeting of shareholders of NRP
Items this document does not state (17)
Counterparty nameAcquisition priceExpenses other than the acquisition priceType of ConsiderationMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodNumber of shares acquiredFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Contract DateValuation methodologyIndependent valuation institutionSpecial CommitteeManagement structure after acquisition

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 overseas PFI business and other operations conducted by the Australian subsidiary of ニューリアルプロパティ株式会社 have ended, and the procedures for liquidation are substantially complete.

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.
Notice Regarding the Dissolution of a Subsidiary and Recognition of Income Tax Benefits and Deferred Tax Benefits | JINUSHI Co.,Ltd. (3252) timely disclosure | Komori