Completion of Settlement for Sale of Property Held for Sale and Execution of Construction Contract
株式会社シーラ (the Company's consolidated subsidiary)
Residential lot in Shinkawacho, Minami Ward, Yokohama, Kanagawa Prefecture (167.12 m²). An apartment building planned for construction on the land (total floor area: 675.05 m²; reinforced-concrete construction, planned to comprise 9 above-ground floors)
In connection with the sale of the property, シーラ will undertake the construction, with the purchaser acting as the project owner.
The sale price is undisclosed (less than 10% of revenue for the fiscal year ended May 2026). The contract price for the construction work is undisclosed (less than 10% of revenue for the fiscal year ended May 2025).
Revenue and profit from the sale of the property held for sale are scheduled to be recognized in the first quarter of the fiscal year ending May 2027. Assuming that construction proceeds as planned, revenue and profit from the construction contract are expected to be recognized in line with the percentage-of-completion method during the scheduled construction period from February 2026 through August 2027.
Revenue and profit from this sale are not included in the earnings forecasts for the fiscal year ending May 2027, but no revision to the earnings forecasts is currently planned. The Company will promptly disclose any revision if one becomes necessary.
Revenue and profit from this sale are scheduled to be recognized in the first quarter of the fiscal year ending May 2027. Assuming that construction proceeds as planned, revenue and profit from the construction contract are expected to be recognized in line with the percentage-of-completion method from February 2026 through August 2027. The impact of this sale on revenue and profit for the fiscal year ending May 2028 and beyond will be disclosed separately once it has been finalized.
The Company will promptly disclose any revision to its earnings forecasts if one becomes necessary, including as a result of other factors. The impact of this sale on revenue and profit for the next fiscal year (the fiscal year ending May 2028) and beyond will also be disclosed separately once it has been finalized.
| Item | Details |
|---|---|
| Event name | Completion of Settlement for Sale of Property Held for Sale and Execution of Construction Contract |
| Date of occurrence | 31 August 2026 (completion of settlement and delivery for the sale of property held for sale); 24 August 2026 (execution of the construction contract) |
| Subject Entity | 株式会社シーラ (the Company's consolidated subsidiary) |
| Target Locations / Products | Residential lot in Shinkawacho, Minami Ward, Yokohama, Kanagawa Prefecture (167.12 m²). An apartment building planned for construction on the land (total floor area: 675.05 m²; reinforced-concrete construction, planned to comprise 9 above-ground floors) |
| Cause | In connection with the sale of the property, シーラ will undertake the construction, with the purchaser acting as the project owner. |
| Amount of Impact on Business Performance | The sale price is undisclosed (less than 10% of revenue for the fiscal year ended May 2026). The contract price for the construction work is undisclosed (less than 10% of revenue for the fiscal year ended May 2025). |
| Accounting period in which recognized | Revenue and profit from the sale of the property held for sale are scheduled to be recognized in the first quarter of the fiscal year ending May 2027. Assuming that construction proceeds as planned, revenue and profit from the construction contract are expected to be recognized in line with the percentage-of-completion method during the scheduled construction period from February 2026 through August 2027. |
| Impact on Earnings Forecast | Revenue and profit from this sale are not included in the earnings forecasts for the fiscal year ending May 2027, but no revision to the earnings forecasts is currently planned. The Company will promptly disclose any revision if one becomes necessary. |
| Outlook | Revenue and profit from this sale are scheduled to be recognized in the first quarter of the fiscal year ending May 2027. Assuming that construction proceeds as planned, revenue and profit from the construction contract are expected to be recognized in line with the percentage-of-completion method from February 2026 through August 2027. The impact of this sale on revenue and profit for the fiscal year ending May 2028 and beyond will be disclosed separately once it has been finalized. |
| Planned follow-up disclosure | The Company will promptly disclose any revision to its earnings forecasts if one becomes necessary, including as a result of other factors. The impact of this sale on revenue and profit for the next fiscal year (the fiscal year ending May 2028) and beyond will also be disclosed separately once it has been finalized. |
Items this document does not state (15)
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.In connection with the sale of the property, シーラ will undertake construction of the building, with the purchaser acting as the project owner.