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M&A and Subsidiary Changes5204ISHIZUKA GLASS CO.,LTD.Construction and Materials

Notice Regarding the Transfer of Fixed Assets (Idle Land) and Recognition of Extraordinary Income

The Company has resolved to transfer idle land (land and buildings) in Hakata Ward, Fukuoka City, for ¥411 million. In connection with the transfer, the Company expects to recognize an estimated gain on the sale of fixed assets of approximately ¥294 million as extraordinary income in the second quarter (interim period) of the fiscal year ending March 2027. However, the Company has not revised its earnings forecast at this time.

Worth reading
61In focus
Scored from 3 of 5 sections
Direction
Improvement
Direction inferred from the company’s description.
Scale
411
¥ million
Wording
Conditional
How definitive the wording is.

This transaction

Transfer of fixed assets (idle land)
TimelineThe spacing between the points is proportional to the actual number of days.
Consideration and expenses
Acquisition price¥411 million (transfer price)
Type of ConsiderationCash (transfer price of ¥411 million)
Amount of extraordinary income (loss)Gain on sale of fixed assets: ¥294 million (estimate), expected to be recognized in the financial results for the second quarter (interim period) of the fiscal year ending March 2027
Impact on Business Performance

The Company expects to recognize extraordinary income associated with the transfer of the fixed assets (idle land) in its financial results for the second quarter (interim period) of the fiscal year ending March 2027. The earnings forecast announced on 23 April 2026 remains unchanged at this time. The Company will promptly announce any revisions if the need arises.

This transaction
ItemDetails
Transaction nameTransfer of fixed assets (idle land)
Acquisition price¥411 million (transfer price)
Type of ConsiderationCash (transfer price of ¥411 million)
Amount of extraordinary income (loss)Gain on sale of fixed assets: ¥294 million (estimate), expected to be recognized in the financial results for the second quarter (interim period) of the fiscal year ending March 2027
Impact on Business PerformanceThe Company expects to recognize extraordinary income associated with the transfer of the fixed assets (idle land) in its financial results for the second quarter (interim period) of the fiscal year ending March 2027. The earnings forecast announced on 23 April 2026 remains unchanged at this time. The Company will promptly announce any revisions if the need arises.
Date of board resolution1 July 2026
Execution Date / Effective DateAugust 2026 (scheduled property handover and settlement date)
Items this document does not state (25)
Counterparty nameName 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 priceMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodNumber of shares acquiredVoting rights ownership percentageFunding arrangementsGoodwill amountContract DateValuation methodologyIndependent valuation institutionSpecial CommitteeConditions Precedent to ExecutionManagement 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.

To improve asset efficiency through the effective use of management resources and strengthen the Company's financial position by reducing interest-bearing debt.

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 Transfer of Fixed Assets (Idle Land) and Recognition of Extraordinary Income | ISHIZUKA GLASS CO.,LTD. (5204) timely disclosure | Komori