Worth reading
24Immaterial
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
30
More than 30% of consolidated net assets for the immediately preceding consolidated fiscal year (fiscal year ended October 2025)Wording
Avoiding a definitive answer
How definitive the wording is.This transaction
Acquisition of Property Held for Sale and Borrowing of FundsTimelineThe spacing between the points is proportional to the actual number of days.
Consideration and expenses
Acquisition priceIn accordance with the confidentiality obligations under the purchase and sale agreement, the Company will refrain from disclosing the details of the transaction and the acquisition source.
Funding arrangementsBorrowing. The borrowing is for the purpose of acquiring the property, and the lender, borrowing amount and interest rate are currently being arranged.
Impact on Business Performance
The impact on results for the fiscal year ending October 2026 will be minor.
Procedures and assumptions
Management structure after acquisitionFollowing the acquisition, the Company will pursue a strategy of converting the property into an income-generating asset through optimization of its use, renovation and leasing, with a view to selling it after holding it for a certain period.
| Item | Details |
|---|---|
| Transaction name | Acquisition of Property Held for Sale and Borrowing of Funds |
| Acquisition price | In accordance with the confidentiality obligations under the purchase and sale agreement, the Company will refrain from disclosing the details of the transaction and the acquisition source. |
| Funding arrangements | Borrowing. The borrowing is for the purpose of acquiring the property, and the lender, borrowing amount and interest rate are currently being arranged. |
| Impact on Business Performance | The impact on results for the fiscal year ending October 2026 will be minor. |
| Date of board resolution | 9 April 2026 |
| Contract Date | 9 April 2026 |
| Execution Date / Effective Date | The borrowing execution date is currently being arranged and is scheduled for June 2026. The property delivery date is also scheduled for June 2026. |
| Management structure after acquisition | Following the acquisition, the Company will pursue a strategy of converting the property into an income-generating asset through optimization of its use, renovation and leasing, with a view to selling it after holding it for a certain period. |
Items this document does not state (24)
Counterparty nameName of the Subject CompanyBusiness Description of the Subject CompanyLocation of the Subject CompanyCapital Stock of the Subject CompanyDate of Establishment of the Subject CompanyNet Sales of the Subject CompanyOperating Profit of the Subject CompanyNet Income of the Subject CompanyNet Assets of the Subject CompanyExpenses other than the acquisition priceType of ConsiderationMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodNumber of shares acquiredVoting rights ownership percentageGoodwill amountAmount of extraordinary income (loss)Valuation methodologyIndependent valuation institutionSpecial CommitteeConditions Precedent to Execution
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.The property is a vacant building in a rare location close to Nishi-Azabu and Roppongi Hills. It will be acquired as an investment opportunity, converted into an income-generating asset through optimization of its use, renovation and leasing, held for a certain period, and then sold.
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.