Komori
Disclosure3486GLOBAL LINK MANAGEMENT INC.Real estate

Notice Concerning the Acquisition of Development Land for Property Held for Sale — Shinagawa-ku, Tokyo

The Company has entered into a sale and purchase agreement for a site in Shinagawa-ku, Tokyo, planned for the construction of an apartment building, and has decided to acquire the site as development land for property held for sale. The acquisition price is undisclosed, and the contribution to profit is expected to begin in the fiscal year ending December 2028 or later.

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Decision and Details

Acquisition of development land for property held for sale

Decision27 March 2026 (date of execution of the sale and purchase agreement)
ImplementationThe sale and purchase agreement was executed on 27 March 2026. The dates for the land acquisition and development are Not disclosed
Going forwardThe contribution of the land to profit or loss for the relevant periods is expected to begin in the fiscal year ending December 2028 or later
AmountAcquisition price: Undisclosed due to the Company's confidentiality obligations to the seller. Less than 30% of net assets as of the end of the fiscal year ended December 2025
Quantity / scaleSite area: 345.11 m² (according to the land registry)
Reason

To acquire the land as development land for property held for sale. Details such as the acquisition price and seller are undisclosed due to the Company's confidentiality obligations to the seller

Impact on Business Performance

The contribution of the land to profit or loss for the relevant periods is expected to begin in the fiscal year ending December 2028 or later

Decision and Details
ItemDetails
Matter CoveredAcquisition of development land for property held for sale
Decision Date27 March 2026 (date of execution of the sale and purchase agreement)
Implementation DateThe sale and purchase agreement was executed on 27 March 2026. The dates for the land acquisition and development are Not disclosed
AmountAcquisition price: Undisclosed due to the Company's confidentiality obligations to the seller. Less than 30% of net assets as of the end of the fiscal year ended December 2025
Quantity / scaleSite area: 345.11 m² (according to the land registry)
Impact on Business PerformanceThe contribution of the land to profit or loss for the relevant periods is expected to begin in the fiscal year ending December 2028 or later
ReasonTo acquire the land as development land for property held for sale. Details such as the acquisition price and seller are undisclosed due to the Company's confidentiality obligations to the seller
Future plansThe contribution of the land to profit or loss for the relevant periods is expected to begin in the fiscal year ending December 2028 or later
Items this document does not state (4)
Decision-Making BodyPeriod CoveredGoverning RuleRelated previous disclosures

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 Company has refrained from disclosing details such as the acquisition price and seller due to its confidentiality obligations to the seller.

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Notice Concerning the Acquisition of Development Land for Property Held for Sale — Shinagawa-ku, Tokyo | GLOBAL LINK MANAGEMENT INC. (3486) timely disclosure | Komori