Komori
M&A and Subsidiary Changes6986FUTABA CORPORATIONElectrical Equipment and Precision Instruments

Notice Regarding the Transfer of Fixed Assets and Recognition of Extraordinary Gain

The Company has decided to transfer land and buildings, including those at the Chosei Seiki Technology Center in Chiba Prefecture, to 妙中鉱業株式会社 for ¥2.35 billion. The Company expects to recognize approximately ¥2.3 billion in gains on the sale of fixed assets as extraordinary income for the fiscal year ending March 2029.

Worth reading
42Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Improvement
Direction inferred from the company’s description.
Scale
2300
¥ million
Wording
Avoiding a definitive answer
How definitive the wording is.

This transaction

Disposal of Fixed Assets
Counterparty妙中鉱業株式会社
Disclosing companyFUTABA CORPORATION
Subject of this transaction
TimelineThe spacing between the points is proportional to the actual number of days.White points represent dates designated as scheduled dates in the document.
Consideration and expenses
Type of ConsiderationCash (transfer price: ¥2,350 million)
Amount of extraordinary income (loss)Approximately ¥2.3 billion (expected to be recognized as extraordinary income from the gain on the sale of fixed assets in the consolidated results for the fiscal year ending March 2029)
Impact on Business Performance

The Company expects to recognize approximately ¥2.3 billion as extraordinary income from the gain on the sale of fixed assets in its consolidated results for the fiscal year ending March 2029.

This transaction
ItemDetails
Transaction nameDisposal of Fixed Assets
Counterparty name妙中鉱業株式会社
Type of ConsiderationCash (transfer price: ¥2,350 million)
Amount of extraordinary income (loss)Approximately ¥2.3 billion (expected to be recognized as extraordinary income from the gain on the sale of fixed assets in the consolidated results for the fiscal year ending March 2029)
Impact on Business PerformanceThe Company expects to recognize approximately ¥2.3 billion as extraordinary income from the gain on the sale of fixed assets in its consolidated results for the fiscal year ending March 2029.
Date of board resolution23 October 2026
Contract Date30 October 2026 (予定)
Execution Date / Effective DateProperty handover date: 31 October 2028 (予定)
Items this document does not state (24)
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 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.

To improve asset efficiency through the effective use of management resources.

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.
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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 and Recognition of Extraordinary Gain | FUTABA CORPORATION (6986) timely disclosure | Komori