Asset restructuring through the sale of headquarters buildings and other fixed assets
First written in FY2022-Q2. 1 of 2 entries say "Achieved", first in FY2023-Q1. Latest entry: FY2023-Q1.
0 other companies' latest entry also says "Achieved".
- FY2023-Q1AchievedAnnual report
「In the rental segment, rental income declined because the company sold its head office building at the end of the previous fiscal year, despite acquiring a new property.」
The sale of the headquarters building resolved at the end of the previous fiscal year was completed, and the resulting decline in rental income emerged in the first quarter. - FY2022-Q2First statedAnnual report
「At a meeting of the Board of Directors held on 12 November 2021, the company resolved to sell fixed assets it owned. Against this background, Sanyo Electric Railway approached the company about purchasing these 2 properties, and the company decided to sell them. Approximately ¥2,700 million 18 November 2021: Sale and purchase agreement scheduled to be signed March 2022: Settlement and delivery scheduled As a result of the sale of these fixed assets, the company plans to record a gain on the sale of fixed assets of approximately ¥2,700 million as extraordinary income in the fourth quarter of the fiscal year ending March 2022.」
A resolution was passed to sell the land and buildings of Shinki Building and Godo Building, the company’s headquarters, to Sanyo Electric Railway. The stated reason was that major repairs and seismic reinforcement of the 65-year-old headquarters building would be difficult to undertake independently. The company plans to lease and continue using the premises as its head office after the sale. A gain on sale of approximately ¥2,700 million is expected to be recorded in the fourth quarter of the fiscal year ending March 2022.