Agreement to terminate master lease agreements for real estate
First written in FY2020-Q2. 1 of 2 entries say "Achieved", first in FY2020-Q3. Latest entry: FY2020-Q3.
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- FY2020-Q3AchievedAnnual report
「Effective 31 May 2020, we terminated the master lease covering the company's owned buildings through Muromachi Tatemono Co., Ltd., a subsidiary of our other affiliated company. Muromachi Shokusan Co., Ltd., formerly an other affiliated company, had been classified as such because it had material business transactions with us, including the lease in question. Following termination of the lease, it no longer qualifies as our other affiliated company.」
The master lease covering the company's owned buildings was terminated effective 31 May 2020, and Muromachi Shokusan Co., Ltd., which had been classified as an other affiliated company because of its material business relationship with the company, no longer qualifies as such. - FY2020-Q2First statedAnnual report
「The following material contracts were subject to agreements to terminate them dated 27 March 2020 during the second quarter accounting period, with the contracts expiring in May 2020: a master building lease with Muromachi Tatemono Co., Ltd. for the Shinjuku Horai Building, and master building and land leases for the Ikebukuro Muromachi Building, Sugamo Muromachi Building and Mitsui Sumitomo Bank Gotanda Building.」
The company agreed on 27 March 2020 to terminate the master leases with Muromachi Tatemono Co., Ltd. covering the Shinjuku Horai Building, Ikebukuro Muromachi Building, Sugamo Muromachi Building and Mitsui Sumitomo Bank Gotanda Building, with the contracts expiring in May 2020.