Sale of real estate held for sale at above book value
First written in FY2022. 4 of 5 entries say "Advanced", first in FY2024-Q1. Latest entry: FY2024.
No other company in this theme has enough history to compare yet.
- FY2024AdvancedAnnual report
「In addition, following the sale on 30 August 2024 of a property held and operated by the Company, the sale of all properties purchased and held for the development of &AND HOSTEL was completed.」
The sale of all properties held for sale was completed. However, the filing does not confirm whether all properties were sold at or above book value, and an impairment loss of ¥310.726 million was recorded, so the target is not considered fully achieved. - FY2024-Q3AdvancedAnnual report
「As some of the properties purchased and held for the development of &AND HOSTEL were sold, we recorded sales associated with the sales during the cumulative third-quarter period, as well as an impairment loss.」
The sale of real estate held for sale progressed to the completion of the sale of some properties and recognition of the related sales. The filing does not confirm whether the properties were sold at or above book value. - FY2024-Q2AdvancedAnnual report
「On 15 December 2023, based on a resolution of the Board of Directors meeting held on 4 December, we entered into the following sale and purchase agreement for real estate held for sale owned by the company. Settlement and delivery: 19 January 2024」
For real estate held for sale, the company entered into the sale and purchase agreement for UENO IRIYA and progressed to settlement and delivery on 19 January 2024. The filing does not confirm whether the property was sold at or above book value. - FY2024-Q1AdvancedAnnual report
「For Property (1), the sale and purchase agreement was completed on 22 November 2023, and the transfer was completed on 6 December 2023. For Property (2), the sale and purchase agreement was completed on 15 December 2023, and the transfer is scheduled for 19 January 2024.」
Progress was made toward the target for selling real estate held for sale, with the agreement and transfer for &AND HOSTEL UENO NORTH completed and the agreement for UENO IRIYA signed, with its transfer scheduled. However, the filing does not confirm whether the properties were sold at or above book value. - FY2022First statedAnnual report
「We hold real estate for sale, and continue to make the sale of these properties one of our highest-priority management issues. In the fiscal year ending August 2023, with the easing of entry restrictions and the expected recovery in inbound demand to some extent, we will seek appropriate opportunities to sell the properties at or above book value.」
The company identified the sale of real estate held for sale as one of its highest-priority management issues and, for the first time, stated it as a standalone target to sell the properties at or above book value in the fiscal year ending August 2023.