Tokai Carbon : (Additional Disclosure Items)Notice of Transfer of Fixed Assets and Special Gain
July 04, 2017 at 02:09 am EDT
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News Release 2017
June 15, 2017
(Additional Disclosure Items) Notice of Transfer of Fixed Assets and Special Gain
Today, Tokai Carbon completed procedures for the transfer of fixed assets relating to the transaction that had been announced on September 30, 2016 in the "Notice on Transfer of Fixed Assets" as follows.
Description of transferred assets
(in millions of yen)
Name and location of assets
Value of transfer
Book value
Gain on transfer
Current status
Nagoya Green Club (Nagoya, Aichi Prefecture) Chita Green Club (Chita-gun, Aichi Prefecture)
3,190
77
About 2,449
Land and buildings
The Nagoya Green Club and Chita Green Club are being transferred as a single transaction through a contract with one company. The transfer price, book value, and the gain on transfer are indicated as totals that reflect actual conditions.
The gain on transfer is an approximate amount obtained by deducting the total of the book val- ue and expenses related to the transfer from the transfer price.
Overview of assignee (as of March 31, 2017)
(1) Name
Haseko Corporation
(2) Address
32-1 Shiba 2-chome, Minato-ku, Tokyo
(3) Name of representative officer
Noriaki Tsuji, President and Representative Director
(4) Description of business
Construction, real estate, engineering
(5) Paid-in capital
57.5 billion yen
(6) Date established
August 22, 1946
(7) Net assets
238.5 billion yen
(8) Total assets
630.9 billion yen
(9) Major shareholders and share- holding ratios
Japan Trustee Services Bank, Ltd. (trust account) 7.01% The Master Trust Bank of Japan, Ltd. (trust account) 6.90% Resona Bank, Ltd. 4.19%
Goldman Sachs & Co. REG 4.03%
State Street Bank and Trust Company 505225 2.84%
(10) Relationship between listed companies and Haseko Corp.
No noteworthy items.
Impact on results
The Company anticipates that this transaction will yield a special gain on sale of fixed assets of ap- proximately 2.4 billion yen for the consolidated fiscal year ending December 31, 2017.
Date of release: June 15, 2017 Company name: Tokai Carbon Co., Ltd.
Security code: 5301 [Tokyo Stock Exchange]
Contact: Akira Yamada, General Manager,
General Affairs Department, Tel.: +81-3-3746-5100
End of notice
Tokai Carbon Co., Ltd.
Tokai Carbon Co. Ltd. published this content on 04 July 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 04 July 2017 06:09:06 UTC.
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Tokai Carbon Co., Ltd. is one of the Japanese leaders in manufacturing and marketing of coal and graphite products. The group is also producing industrial furnaces. Net sales break down by family of products as follows:
- coal and graphite products (69.6%): coal, graphite electrodes, special graphite and friction materials primarily for industrial, electronic, energy, automotive and mechanic applications;
- cathodes for smelting aluminum and furnace linings (18.1%);
- industrial furnaces and heating products (6.9%): for thermal processing of ceramic products, electronic components, metals, glasses, etc.;
- other (5.4%).
Net sales break down geographically as follows: Japan (24.6%), Asia (26.7%), the United States (26.5%), Europe (11.6%) and other (10.6%).
TOKAI CARBON CO., LTD. 
