Acquisition of land in Higashi Ward, Fukuoka City, as property under development for sale
First written in FY2020-Q3. 1 of 2 entries say "Dropped", first in FY2020. Latest entry: FY2020.
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- FY2020DroppedAnnual report
「Total capital expenditures for the current consolidated fiscal year amounted to ¥33 million. This included ¥30 million for the acquisition of rental property in Yamaguchi Prefecture in the real estate leasing business segment.」
Regarding the acquisition of approximately 5,000 tsubo of property held for sale under development in Higashi-ku, Fukuoka City, reported in the previous quarterly report, no explicit reference to the contract or delivery could be confirmed in this annual securities report. - FY2020-Q3First statedAnnual report
「At a Board of Directors meeting held on 25 November 2019, the company resolved to acquire property under development for sale as described below and entered into a real estate purchase agreement on 28 November 2019. 1. Asset acquired (land): Location: Higashi Ward, Fukuoka City, Fukuoka Prefecture; area: approximately 5,000 tsubo. 2. Seller: Details of the seller and purchase price are withheld due to confidentiality obligations, but the amount is at least 30% of consolidated net assets for the fiscal year ended February 2019. 3. Scheduled delivery: May 2020.」
A purchase agreement was signed on 28 November 2019 for approximately 5,000 tsubo of land in Higashi Ward, Fukuoka City. The purchase price was not disclosed but represented at least 30% of consolidated net assets for the fiscal year ended February 2019, with delivery scheduled for May 2020.