Worth reading
58In focus
Scored from 2 of 5 sectionsDirection
Neutral
Direction inferred from the company’s description.Scale
14.3
¥100 million (carrying amount)Wording
Conditional
How definitive the wording is.This transaction
Sale of the 7 properties concernedCounterpartyNot disclosed (all purchasers are domestic corporations)
Disclosing companyTOHO CO.,LTD
Contract Date17 August 2026 (some properties)
Execution Date / Effective Date17 August 2026 (some properties have already been handed over). The other properties are scheduled to be transferred progressively once the necessary preparations have been completed.
Consideration and expenses
Acquisition priceIndividual sale prices not disclosed, taking into consideration confidentiality obligations to counterparties and other factors
Amount of extraordinary income (loss)Aggregate gain on the sale of fixed assets of approximately ¥300 million. The gain is expected to be recorded as extraordinary income progressively from the second to the fourth quarter of the fiscal year ending February 2027.
Impact on Business Performance
Upon completion of the sale of the 7 properties concerned, the Company expects to record an aggregate gain on the sale of fixed assets of approximately ¥300 million as extraordinary income. If any matters requiring disclosure arise, including a revision to the earnings forecast, the Company will disclose them promptly.
Procedures and assumptions
Special CommitteeNo special committee is mentioned. The disclosure states that a review team, the Real Estate Strategy Review Committee, was established in March 2025.
Conditions Precedent to ExecutionThe other properties are scheduled to be transferred progressively once the necessary preparations have been completed.
| Item | Details |
|---|---|
| Transaction name | Sale of the 7 properties concerned |
| Counterparty name | Not disclosed (all purchasers are domestic corporations) |
| Acquisition price | Individual sale prices not disclosed, taking into consideration confidentiality obligations to counterparties and other factors |
| Amount of extraordinary income (loss) | Aggregate gain on the sale of fixed assets of approximately ¥300 million. The gain is expected to be recorded as extraordinary income progressively from the second to the fourth quarter of the fiscal year ending February 2027. |
| Impact on Business Performance | Upon completion of the sale of the 7 properties concerned, the Company expects to record an aggregate gain on the sale of fixed assets of approximately ¥300 million as extraordinary income. If any matters requiring disclosure arise, including a revision to the earnings forecast, the Company will disclose them promptly. |
| Contract Date | 17 August 2026 (some properties) |
| Execution Date / Effective Date | 17 August 2026 (some properties have already been handed over). The other properties are scheduled to be transferred progressively once the necessary preparations have been completed. |
| Special Committee | No special committee is mentioned. The disclosure states that a review team, the Real Estate Strategy Review Committee, was established in March 2025. |
| Conditions Precedent to Execution | The other properties are scheduled to be transferred progressively once the necessary preparations have been completed. |
Items this document does not state (23)
Name 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 percentageFunding arrangementsGoodwill amountDate of board resolutionValuation methodologyIndependent valuation institutionManagement structure after acquisition
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.Following a review of approximately 130 properties held by the Company in accordance with the policies of the TOHO Group Medium-Term Management Plan 2028, the Company determined that the 7 properties concerned have limited potential to contribute to future earnings and limited value as holdings. The sale is also intended to optimize the Company's asset holdings and improve capital efficiency.
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