Sale of real estate held for sale and execution of a construction contract for a building planned by the buyer
株式会社シーラ (a consolidated subsidiary of the filing company)
Land in Irie, Kanagawa Ward, Yokohama, Kanagawa Prefecture (surveyed area: 1,713.13 m²), and an apartment building planned by the buyer (floor area subject to the floor-area ratio: 3,424.16 m²; planned to be a six-story above-ground reinforced-concrete structure)
The combined sale price and construction contract amount are undisclosed. However, the amount is at least equivalent to 10% of sales for the fiscal year ended May 2025. Revenue and profit from the sale and construction work are expected to be recognized.
Revenue and profit from the sale of the real estate held for sale are expected to be recognized in the fourth quarter of the fiscal year ending May 2026. Revenue and profit from the construction contract are expected to be recognized from October 2026 through August 2028 in line with the percentage-of-completion method, provided that construction progresses as planned.
Revenue and profit from the sale are not included in the earnings forecast for the fiscal year ending May 2026, but no revision to the earnings forecast is planned at this time. The impact on the following fiscal year, the fiscal year ending May 2027, and subsequent periods will be disclosed again once finalized.
Revenue and profit from the sale of the real estate held for sale are expected to be recognized in the fourth quarter of the fiscal year ending May 2026. Revenue and profit from the construction contract are expected to be recognized from October 2026 through August 2028 in line with the percentage-of-completion method, provided that construction progresses as planned. If a revision to the earnings forecast becomes necessary, the Company will provide notice promptly.
The impact of this sale on revenue and profit for the fiscal year ending May 2027 and subsequent periods will be disclosed again once finalized.
| Item | Details |
|---|---|
| Event name | Sale of real estate held for sale and execution of a construction contract for a building planned by the buyer |
| Date of occurrence | 27 March 2026 (date of the board resolution and the sale and purchase agreement for the real estate held for sale) |
| Subject Entity | 株式会社シーラ (a consolidated subsidiary of the filing company) |
| Target Locations / Products | Land in Irie, Kanagawa Ward, Yokohama, Kanagawa Prefecture (surveyed area: 1,713.13 m²), and an apartment building planned by the buyer (floor area subject to the floor-area ratio: 3,424.16 m²; planned to be a six-story above-ground reinforced-concrete structure) |
| Amount of Impact on Business Performance | The combined sale price and construction contract amount are undisclosed. However, the amount is at least equivalent to 10% of sales for the fiscal year ended May 2025. Revenue and profit from the sale and construction work are expected to be recognized. |
| Accounting period in which recognized | Revenue and profit from the sale of the real estate held for sale are expected to be recognized in the fourth quarter of the fiscal year ending May 2026. Revenue and profit from the construction contract are expected to be recognized from October 2026 through August 2028 in line with the percentage-of-completion method, provided that construction progresses as planned. |
| Impact on Earnings Forecast | Revenue and profit from the sale are not included in the earnings forecast for the fiscal year ending May 2026, but no revision to the earnings forecast is planned at this time. The impact on the following fiscal year, the fiscal year ending May 2027, and subsequent periods will be disclosed again once finalized. |
| Outlook | Revenue and profit from the sale of the real estate held for sale are expected to be recognized in the fourth quarter of the fiscal year ending May 2026. Revenue and profit from the construction contract are expected to be recognized from October 2026 through August 2028 in line with the percentage-of-completion method, provided that construction progresses as planned. If a revision to the earnings forecast becomes necessary, the Company will provide notice promptly. |
| Planned follow-up disclosure | The impact of this sale on revenue and profit for the fiscal year ending May 2027 and subsequent periods will be disclosed again once finalized. |
Items this document does not state (16)
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.No business rationale for the transaction itself was disclosed. The Company cited a confidentiality agreement between the Company and the buyer as the reason for withholding the sale price, construction contract amount and buyer's identity.