Disposal of inventory real estate and repayment without property sales

「At a board meeting held today, we resolved to sell property for sale and hereby announce the matter as follows.」

「Meanwhile, the company sold all company-owned properties that had been reclassified from fixed assets to properties for sale in order to convert them into cash, with the aim of shifting to a business model centered on major metropolitan areas such as Tokyo.」

「The company contracted to sell and transferred 2 properties that had been reclassified from fixed assets to properties for sale. After the end of the third-quarter consolidated accounting period, it also resolved to sell additional company-owned properties and recorded an inventory write-down on some of them. Contracts for the properties approved for sale have been completed, and the company will record the sales at the time of transfer in the fourth-quarter consolidated accounting period, recognizing an aggregate gain on sale.」

「The company also decided to sell the properties it owns.」

「The company also signed sale agreements for 2 fixed assets it held, completed the transfer of 1 property, and recorded gains on the sale of fixed assets and impairment losses, respectively.」

「The company has made progress in signing a sale agreement for a rental property held as a fixed asset and in acquiring properties for renovation and resale, and expects to sell them in the second half of the fiscal year.」

「We plan to undertake repairs and replacements of company-owned rental properties that we had deferred while addressing financial issues. In particular, with respect to replacing properties, we will examine ways to manage funds more efficiently by converting assets into cash.」

「In the real estate development business, we will continue to focus on real estate sales and purchase brokerage while developing a business of renovating and reselling used homes.」

「In the real estate development business, we will continue to focus on real estate sales and purchase brokerage while developing a business of renovating and reselling used homes.」

「Although we have proceeded to reduce interest-bearing debt through property sales, we will generally not sell any more properties that generate rental income, as doing so would run counter to measures aimed at returning to profitability. For inventory assets that generate no rental income and have a minor impact on cash flow, we will seek to recover funds through sales.」

「Although we have proceeded to reduce interest-bearing debt through property sales, we will generally not sell any more properties that generate rental income, as doing so would run counter to measures aimed at returning to profitability. For inventory assets that generate no rental income and have a minor impact on cash flow, we will seek to recover funds through sales.」

「Although we have proceeded to reduce interest-bearing debt through property sales, we will generally not sell any more properties that generate rental income, as doing so would run counter to measures aimed at returning to profitability. We will address inventory assets individually where the impact on cash flow is minor. Going forward, we will continue individual negotiations to obtain cooperation toward the restructuring.」

「Although we have proceeded to reduce interest-bearing debt through property sales, we will generally not sell any more properties that generate rental income, as doing so would run counter to measures aimed at returning to profitability. We will address inventory assets individually where the impact on cash flow is minor. Going forward, we will continue individual negotiations to obtain cooperation toward the restructuring.」

「The company focused on the agency sale of condominium units developed by its business partners, brokerage and referrals for used homes and land, and the sale of land in Ichinomiya-Higashimachi, Shimonoseki, on which an impairment loss was recorded in the previous fiscal year.」

「Although we have reduced interest-bearing debt by selling properties, selling any more properties that generate rental income would run counter to measures aimed at returning to profitability. We will therefore continue individual negotiations with financial institutions to obtain their cooperation in rebuilding the Company.」

「Although we have reduced interest-bearing debt by selling properties, selling any more properties that generate rental income would run counter to measures aimed at returning to profitability. We will therefore continue individual negotiations with financial institutions to obtain their cooperation in rebuilding the Company.」

「Although we have proceeded to reduce interest-bearing debt through property sales, we will generally not sell any more properties that generate rental income, as doing so would run counter to measures aimed at returning to profitability. We will address inventory assets individually where the impact on cash flow is minor.」

「Although we have reduced interest-bearing debt by selling properties, selling any more properties that generate rental income would run counter to measures aimed at returning to profitability. We will therefore continue individual negotiations with financial institutions to obtain their cooperation in rebuilding the Company.」

「We completed the disposal of inventory real estate with a carrying value exceeding ¥100 million by the end of the previous fiscal year, and currently have no plans to repay debt through property sales.」

「We completed the disposal of inventory real estate with a carrying value exceeding ¥100 million by the end of the previous fiscal year, and currently have no plans to repay debt through property sales.」

「We completed the disposal of inventory real estate with a carrying value exceeding ¥100 million by the end of the previous fiscal year, and currently have no plans to repay debt through property sales.」