Decision and Details
Board of DirectorsChange in the purpose of holding rental real estate located in Kanazawa, Ishikawa Prefecture, and Niigata, Niigata Prefecture, owned by ジャルコ
To reorganize the sales plans and asset classifications based on a review of sales plans and the asset portfolio for the current fiscal year and beyond. The company also cites rising interest rates, persistently high prices and construction costs, and changing investor needs in the real estate investment market as background factors.
As the properties are being reclassified from fixed assets to inventories at their carrying amounts, the impact on consolidated results for the fiscal year ending March 2027 will be immaterial.
| Item | Details |
|---|---|
| Matter Covered | Change in the purpose of holding rental real estate located in Kanazawa, Ishikawa Prefecture, and Niigata, Niigata Prefecture, owned by ジャルコ |
| Decision-Making Body | Board of Directors |
| Decision Date | 30 June 2026 |
| Implementation Date | 30 June 2026 (implemented) |
| Period Covered | The current fiscal year and beyond (until sale or otherwise) |
| Amount | Acquisition cost in Kanazawa, Ishikawa Prefecture: ¥1,561 million; acquisition cost in Niigata, Niigata Prefecture: ¥1,046 million; total acquisition cost: ¥2,607 million |
| Quantity / scale | Land area in Kanazawa, Ishikawa Prefecture: 11,535.43 m²; land area in Niigata, Niigata Prefecture: 19,834.32 m²; properties covered: 2 |
| Impact on Business Performance | As the properties are being reclassified from fixed assets to inventories at their carrying amounts, the impact on consolidated results for the fiscal year ending March 2027 will be immaterial. |
| Reason | To reorganize the sales plans and asset classifications based on a review of sales plans and the asset portfolio for the current fiscal year and beyond. The company also cites rising interest rates, persistently high prices and construction costs, and changing investor needs in the real estate investment market as background factors. |
| Future plans | While continuing to earn rental income, the company will consider ways to utilize the assets, including continuing to hold or selling them. If any matter requiring disclosure arises as a result of a sale or otherwise, the company will disclose it promptly. Preparations are under way to sell the property under development located in the Iwatsuki Kawadori district during the fiscal year ending March 2028. |
Items this document does not state (2)
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 reorganize the asset classifications between real estate held for sale and real estate held for rental based on a review of sales plans and the asset portfolio for the current fiscal year and beyond, taking into account rising interest rates, persistently high prices and construction costs, and changing investor needs in the real estate investment market.