Worth reading
59In focus
Scored from 2 of 5 sectionsDirection
Neutral
Direction inferred from the company’s description.Scale
17097
¥ millionWording
Conditional
How definitive the wording is.This transaction
Sale of real estate held for sale and fixed assetsCounterparty地主プライベートリート投資法人
Disclosing companyJINUSHI Co.,Ltd.
TimelineThe spacing between the points is proportional to the actual number of days.
Consideration and expenses
Acquisition priceTotal sale price: ¥17,097 million (¥14,152 million for properties scheduled for sale in December 2026 and ¥2,945 million for properties scheduled for sale in January 2027)
Impact on Business Performance
The impact on consolidated results for the fiscal year ending December 2026 from the 13 properties scheduled for sale in December 2026 has already been incorporated into the revised consolidated earnings forecast for the fiscal year ending December 2026. The consolidated earnings forecast for the following fiscal year is scheduled to be disclosed in mid-February 2027.
Procedures and assumptions
Management structure after acquisition地主アセットマネジメント株式会社, a wholly owned subsidiary of JINUSHI Co.,Ltd., is entrusted with the asset management of 地主リート. JINUSHI Co.,Ltd. has entered into property management outsourcing agreements covering all properties held by 地主リート.
Location of target company (counterparty)Chiyoda-ku, Tokyo
| Item | Details |
|---|---|
| Transaction name | Sale of real estate held for sale and fixed assets |
| Counterparty name | 地主プライベートリート投資法人 |
| Acquisition price | Total sale price: ¥17,097 million (¥14,152 million for properties scheduled for sale in December 2026 and ¥2,945 million for properties scheduled for sale in January 2027) |
| Voting rights ownership percentage | Before 1.6% (holding as a percentage of the total number of investment units issued by 地主リート as of 5 November 2026) (after not disclosed) |
| Impact on Business Performance | The impact on consolidated results for the fiscal year ending December 2026 from the 13 properties scheduled for sale in December 2026 has already been incorporated into the revised consolidated earnings forecast for the fiscal year ending December 2026. The consolidated earnings forecast for the following fiscal year is scheduled to be disclosed in mid-February 2027. |
| Date of board resolution | 5 November 2026 |
| Contract Date | 2 December 2026 (scheduled) |
| Execution Date / Effective Date | 23 December 2026 (13 properties; scheduled settlement and property handover date), 7 January 2027 (5 properties; scheduled settlement and property handover date) |
| Management structure after acquisition | 地主アセットマネジメント株式会社, a wholly owned subsidiary of JINUSHI Co.,Ltd., is entrusted with the asset management of 地主リート. JINUSHI Co.,Ltd. has entered into property management outsourcing agreements covering all properties held by 地主リート. |
| Location of target company (counterparty) | Chiyoda-ku, Tokyo |
Items this document does not state (23)
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 CompanyNet Assets of the Subject CompanyExpenses 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)Valuation methodologyIndependent valuation institutionSpecial CommitteeConditions Precedent to Execution
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 purpose is to facilitate the acquisition of properties for 地主プライベートリート投資法人’s 11th capital increase and expand its assets under management. The company also explained that the expected further expansion of pension fund investments following the decision to appoint a major gatekeeper is another reason.
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.