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M&A and Subsidiary Changes6644Osaki Electric Co.,Ltd.Electrical Equipment and Precision Instruments

(Update on Disclosed Matter) Notice Regarding Completion of Procedures for the Transfer of Fixed Assets by a Consolidated Subsidiary

Osaki Estate, a consolidated subsidiary, transferred land and buildings in Minami-Azabu, Minato-ku, Tokyo, to ES-CON JAPAN Ltd. and completed delivery of the property on 24 March 2026. The gain on sale of fixed assets of approximately ¥6.0 billion arising from the transfer is expected to be recognized as an extraordinary gain in the fourth quarter of the fiscal year ending March 2026.

Worth reading
57In focus
Scored from 2 of 5 sections
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
60
¥100 million (approximate gain on transfer)
Wording
Conditional
How definitive the wording is.

This transaction

Disposal of Fixed Assets
CounterpartyES-CON JAPAN Ltd.
Disclosing companyOsaki Electric Co.,Ltd.
Subject of this transaction
TimelineThe spacing between the points is proportional to the actual number of days.
Consideration and expenses
Acquisition priceThe transfer price has been withheld from disclosure due to a confidentiality obligation with the transferee.
Type of ConsiderationCash (funds received from the transfer)
Amount of extraordinary income (loss)Gain on sale of fixed assets of approximately ¥6.0 billion (extraordinary gain), expected to be recognized in the fourth quarter of the fiscal year ending March 2026
Impact on Business Performance

An extraordinary gain of approximately ¥6.0 billion is expected to be recognized. This has already been incorporated into the full-year consolidated earnings forecast for the fiscal year ending March 2026, and no revision to the earnings forecast is planned at this time.

This transaction
ItemDetails
Transaction nameDisposal of Fixed Assets
Counterparty nameES-CON JAPAN Ltd.
Acquisition priceThe transfer price has been withheld from disclosure due to a confidentiality obligation with the transferee.
Type of ConsiderationCash (funds received from the transfer)
Amount of extraordinary income (loss)Gain on sale of fixed assets of approximately ¥6.0 billion (extraordinary gain), expected to be recognized in the fourth quarter of the fiscal year ending March 2026
Impact on Business PerformanceAn extraordinary gain of approximately ¥6.0 billion is expected to be recognized. This has already been incorporated into the full-year consolidated earnings forecast for the fiscal year ending March 2026, and no revision to the earnings forecast is planned at this time.
Date of board resolution19 February 2026
Contract Date19 February 2026
Execution Date / Effective Date24 March 2026 (property delivery date; date on which the transfer procedures were completed)
Items this document does not state (23)
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 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 amountValuation 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.

The assets were transferred in accordance with the policy of selling certain land and buildings in the real estate business in order to improve ROE, make effective use of management resources, and improve asset 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.
(Update on Disclosed Matter) Notice Regarding Completion of Procedures for the Transfer of Fixed Assets by a Consolidated Subsidiary | Osaki Electric Co.,Ltd. (6644) timely disclosure | Komori