Worth reading
55In focus
Scored from 3 of 5 sectionsDirection
Improvement
Direction inferred from the company’s description.Scale
8
¥ hundreds of millions (extraordinary gain)Wording
Conditional
How definitive the wording is.This transaction
Transfer of fixed assets (land)CounterpartyUndisclosed pursuant to a confidentiality agreement
Disclosing companyMitsubishi Steel Mfg.Co.,Ltd.
TimelineThe spacing between the points is proportional to the actual number of days.
Consideration and expenses
Amount of extraordinary income (loss)Approximately ¥800 million gain on sale of fixed assets (fourth quarter of the fiscal year ending March 2026)
Impact on Business Performance
The Company expects to recognize an approximately ¥800 million gain on the sale of fixed assets as an extraordinary gain in its consolidated results for the fourth quarter of the fiscal year ending March 2026. This gain is already reflected in the earnings forecasts, and no revision to the earnings forecasts will be made.
Procedures and assumptions
Conditions Precedent to ExecutionCompletion of soil remediation and other work, and completion of the related procedures
| Item | Details |
|---|---|
| Transaction name | Transfer of fixed assets (land) |
| Counterparty name | Undisclosed pursuant to a confidentiality agreement |
| Amount of extraordinary income (loss) | Approximately ¥800 million gain on sale of fixed assets (fourth quarter of the fiscal year ending March 2026) |
| Impact on Business Performance | The Company expects to recognize an approximately ¥800 million gain on the sale of fixed assets as an extraordinary gain in its consolidated results for the fourth quarter of the fiscal year ending March 2026. This gain is already reflected in the earnings forecasts, and no revision to the earnings forecasts will be made. |
| Date of board resolution | 4 February 2021 |
| Execution Date / Effective Date | Land transfer date: 30 March 2026 (local time) |
| Conditions Precedent to Execution | Completion of soil remediation and other work, and completion of the related procedures |
Items this document does not state (25)
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 CompanyAcquisition priceExpenses other than the acquisition priceType of ConsiderationMerger 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 CommitteeManagement 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.The soil remediation and other work constituting conditions precedent to the transfer, as well as the related procedures, have been completed. The Company also stated its policy of reviewing and optimizing its assets in pursuit of improved capital efficiency.
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.