Announced details
Conversion of land for logistics facilities, factories and other uses
A joint project in which JINUSHI Co.,Ltd. acquires the land and Kyushu Electric Power Company,Incorporated acquires the buildings. JINUSHI Co.,Ltd. has entered into a fixed-term land lease agreement with Kyushu Electric Power Company,Incorporated.
Head office: 2-1-82 Watanabedori, Chuo-ku, Fukuoka, Fukuoka Prefecture. Established: 1 May 1951. A power company whose main supply area covers the Kyushu region, engaged in power generation, retail electricity and gas sales, real estate and other businesses.
Kasuya District, Fukuoka Prefecture, and Miyaki District, Saga Prefecture
Total acquisition price of at least ¥5 billion, including related acquisition costs, stated rounded down to the nearest ¥1 billion
The company does not address Offering price / Impact on Business Performance.
Tokyo Stock Exchange's request concerning management that is conscious of cost of capital and share price (no specific survey name or numerical source provided)
| Item | Details |
|---|---|
| Names of Products / Services Covered | JINUSHI Leaseback |
| Counterparty | Kyushu Electric Power Company,Incorporated (TSE Prime Market) |
| Counterparty overview | Head office: 2-1-82 Watanabedori, Chuo-ku, Fukuoka, Fukuoka Prefecture. Established: 1 May 1951. A power company whose main supply area covers the Kyushu region, engaged in power generation, retail electricity and gas sales, real estate and other businesses. |
| Relationship with the Company | A joint project in which JINUSHI Co.,Ltd. acquires the land and Kyushu Electric Power Company,Incorporated acquires the buildings. JINUSHI Co.,Ltd. has entered into a fixed-term land lease agreement with Kyushu Electric Power Company,Incorporated. |
| Contract Value | Total acquisition price of at least ¥5 billion, including related acquisition costs, stated rounded down to the nearest ¥1 billion |
| Contract Date | 31 March 2026 (date of sale and purchase agreement; the timing of the fixed-term land lease agreement was not specified) |
| Launch date | 31 March 2026 (settlement and acquisition date; completed) |
| Applicable area | Conversion of land for logistics facilities, factories and other uses |
| Location | Kasuya District, Fukuoka Prefecture, and Miyaki District, Saga Prefecture |
| Location scale | Two land parcels: approximately 50,000 m² in Fukuoka and approximately 25,000 m² in Saga |
| Source | Tokyo Stock Exchange's request concerning management that is conscious of cost of capital and share price (no specific survey name or numerical source provided) |
Items this document does not state (7)
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.Kyushu Electric Power Company,Incorporated is strengthening its real estate business and valued the ability to reduce acquisition costs by acquiring the land and buildings separately. The company also explained that the project responds to expanding sourcing opportunities arising from listed companies' reviews of their corporate real estate strategies.