Tosei (TYO:8923) is disposing of the trust beneficiary rights, located at 2-chome, Hatchobori, Chuo-ku, Tokyo at an undisclosed value, according to its Tokyo bourse filing on Wednesday.
The property includes an office and parking, with a total floor area of 6,268.05 square meters, and the selling price exceeds 10% of the company's consolidated revenue for the fiscal year ended Nov. 30, 2024.
The contract is scheduled for June 6, 2025, with closing expected on Dec. 5, 2025, and the impact will be reflected in the fiscal year ending Nov. 30, 2026, consolidated business forecast.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.