Komori
Other Disclosures8844COSMOS INITIA Co.,Ltd.Real estate

Notice Regarding the Acquisition of an Income-Producing Property

The Company acquired income-producing real estate in Edogawa-ku, Tokyo. Following the acquisition, it plans to enhance the value of the buildings and sell them as renovated existing-stock properties.

Worth reading
41Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Neutral
Direction inferred from the company’s description.
Scale
6548.4
m² (total floor area)
Wording
Conditional
How definitive the wording is.

Announced details

Existing-stock property revitalization business (income-producing real estate)
Applicable field (uses covered by this announcement)

Residential buildings, offices and retail stores

Launch dateAcquired. Sales timing: Not disclosed
Relationship between the counterparty and the company
COSMOS INITIA Co.,Ltd.8844
Relationship with the Company

There are no capital or personnel relationships between the Company and the counterparty that require disclosure.

Location (as indicated in this announcement)

2-chome, Mizue, Edogawa-ku, Tokyo

Total floor area: 6,548.40㎡; 84 residential units; 10-story steel-reinforced concrete building
Impact on Business Performance

The Company believes the impact on its consolidated results for the time being will be minor. If a material impact becomes apparent, it will disclose the information promptly.

The company does not address Contract Value / Offering price.

Announced details
ItemDetails
Names of Products / Services CoveredExisting-stock property revitalization business (income-producing real estate)
Relationship with the CompanyThere are no capital or personnel relationships between the Company and the counterparty that require disclosure.
Launch dateAcquired. Sales timing: Not disclosed
Applicable areaResidential buildings, offices and retail stores
Location2-chome, Mizue, Edogawa-ku, Tokyo
Location scaleTotal floor area: 6,548.40㎡; 84 residential units; 10-story steel-reinforced concrete building
Impact on Business PerformanceThe Company believes the impact on its consolidated results for the time being will be minor. If a material impact becomes apparent, it will disclose the information promptly.
Items this document does not state (11)
CounterpartyCounterparty overviewContract ValueOffering priceContract DateAward/certification nameAwarding / certifying bodyRegistration number and expiry dateQuantitative EffectsUsage historySource

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.

As part of its existing-stock property revitalization business, focused primarily on the Tokyo metropolitan area, the Company aims to enhance the value of the existing buildings and create new added value following the acquisition.

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.
Notice Regarding the Acquisition of an Income-Producing Property | COSMOS INITIA Co.,Ltd. (8844) timely disclosure | Komori