Long-term Leasing of the Former Saitama Factory Site under a General Fixed-term Land Leasehold Right
First written in FY2021-Q2. 1 of 2 entries say "Restated". Latest entry: FY2021-Q3.
1 other company's latest entry also says "Restated".
- FY2021-Q3RestatedAnnual report
「The Company closed the Saitama Plant in March 2021 and began leasing the former plant site to Nittetsu Kowa Real Estate Co., Ltd. from April 2021. It entered into a general fixed-term land leasehold agreement during the third quarter of the current fiscal year.」
The Company continued to disclose the general fixed-term land leasehold agreement with Nittetsu Kowa Real Estate Co., Ltd. from the previous quarter and reconfirmed its plan to lease the former plant site from April 2021. - FY2021-Q2First statedAnnual report
「Following its review of options for effectively utilizing the Saitama Plant site after the plant’s closure in March 2021, the Company entered into a general fixed-term land leasehold agreement as described below. (1) Counterparty: Nittetsu Kowa Real Estate Co., Ltd. (2) Agreement date: 8 October 2020 (3) Agreement details ① Type of agreement: General fixed-term land leasehold agreement pursuant to Article 22 of the Act on Land and Building Leases ③ Commencement date: 1 April 2021 (4) Significant impact of entering into the agreement on operating activities, etc. The rent under this agreement is expected to contribute to results from the fiscal year ending March 2022 onward. However, with the agreement of the counterparty, the Company will refrain from disclosing the lease term and rent.」
The Company entered into a general fixed-term land leasehold agreement with Nittetsu Kowa Real Estate Co., Ltd. on 8 October 2020 for the Saitama Plant site, and plans to begin a long-term lease from 1 April 2021. Rent is expected to contribute to results from the fiscal year ending March 2022 onward, but the lease term and rent are undisclosed.