Improving Asset Efficiency Through the Sale of Idle Land
First written in FY2019-Q1. 5 of 8 entries say "Advanced", first in FY2019-Q2. Latest entry: FY2026.
11 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「Gain on sale of fixed assets 37,245」
The Company recorded a full-year gain on sale of fixed assets of ¥37,245 million and proceeded with the repayment of interest-bearing debt and the securing of funds for investment aimed at sustainable growth. - 2026-05-15AchievedEarnings presentation
「In fiscal 2025, we transferred the following property and other assets to strengthen our financial position through the repayment of interest-bearing debt and secure funds for investments aimed at sustainable growth.」
Multiple properties, including land in Zama City, were transferred, and total gains on the transfers of ¥37.2 billion were recorded as extraordinary income in the fiscal year ending March 2026. - FY2026-H1AdvancedAnnual report
「The transfer of the fixed assets is expected to result in a gain on the sale of fixed assets of approximately ¥4,657 million being recorded as extraordinary income in the consolidated and non-consolidated financial statements for the fiscal year ending March 2026.」
The Company resolved to transfer land in Zama, Kanagawa Prefecture, which had been used as leased land after the closure of the Sagami Plant. The transfer was intended to strengthen the financial position through repayment of interest-bearing debt and secure funds for investment aimed at sustainable growth, with an expected gain on sale of approximately ¥4,657 million. - FY2024-Q1AchievedAnnual report
「The gain on the sale of fixed assets recorded during the three-month period ended 30 June mainly arose from the sale of land in Nagoya, Aichi Prefecture.」
The planned sale of land in Nagoya, Aichi Prefecture was completed, and a gain on the sale of fixed assets of ¥6,432 million was recorded. - FY2023-Q3AdvancedAnnual report
「The transfer of the fixed assets was scheduled for April 2023 and was expected to have no impact on consolidated or non-consolidated results for the fiscal year ended March 2023. The transfer was expected to result in a gain on the sale of fixed assets of approximately ¥5,700 million being recorded as extraordinary income in the consolidated and non-consolidated financial statements for the fiscal year ending March 2024.」
The Company entered into a transfer agreement for idle land in Minato Ward, Nagoya, and disclosed that delivery was scheduled for April 2023, with an expected gain on sale of approximately ¥5.7 billion. The initiative to improve asset efficiency in order to secure funds for investment aimed at sustainable growth had taken concrete form. - FY2023-Q2AdvancedAnnual report
「At a meeting of the Board of Directors held on 1 September 2022, the Company resolved to transfer fixed assets it owned, entered into a transfer agreement dated 2 September 2022, and transferred the assets on 28 September 2022. The Company decided to make the transfer in order to secure funds for investment aimed at sustainable growth. During the six-month period ended 30 September, a gain on the sale of the transferred assets of ¥2,514 million was recorded as a gain on the sale of fixed assets under extraordinary income.」
The Company transferred land and buildings in Saitama City that had been idle on 28 September 2022, implementing an initiative to secure funds for investment aimed at sustainable growth. A gain on sale of ¥2,514 million was recorded. - FY2019-Q2AdvancedAnnual report
「Cash provided by investing activities during the six-month period ended 30 September amounted to ¥33 million. This resulted primarily from a decrease of ¥1.4 billion due to payments for the acquisition of property, plant and equipment, offset by an increase of ¥1.314 billion in proceeds from the sale of property, plant and equipment.」
Proceeds of ¥1,314 million from the sale of property, plant and equipment and a gain on the sale of fixed assets of ¥543 million were recorded in the first half, and actual sale results were disclosed following the previous plan to transfer the idle land. However, this filing does not explicitly link the sale directly to the idle land. - FY2019-Q1First statedAnnual report
「The land was idle, and as the Company had no prospects for using it for any other purpose, it decided to transfer the land.」
The Company agreed to sell the idle land to the Seto City Land Development Public Corporation. The transfer was scheduled for August 2018, at a transfer price of ¥1,176 million for the Company’s share and ¥8 million for Shinagawa General Co., Ltd.’s share, for a total of ¥1,185 million. The Company newly disclosed its initiative to promote the effective use and disposal of assets.