Keikyu : Notice of Transfer of Non-current Assets of the Company’s Subsidiary
March 30, 2022 at 05:55 am EDT
Share
March 30, 2022
To whom it may concern
Company name:
Keikyu Corporation
Representative:
Kazuyuki Harada,
President & Representative Director
Code number:
9006 (Tokyo Stock Exchange First Section)
Contact:
Public Relations and Marketing Department
(Press Section)
Tel:
+81-45-225-9350
Notice of Transfer of Non-current Assets of the Company's Subsidiary
Keikyu Corporation (the "Company") hereby announces that, at the Board of Directors meeting held today, the Company resolved to transfer the following non-current asset owned by the Company's consolidated subsidiary Keihin Kyuko Bus Co., Ltd.
1. Overview of the subsidiary
Name
Keihin Kyuko Bus Co., Ltd.
Location
1-2-8 Takashima, Nishi-ku, Yokohama, Kanagawa
Title and name of the representative
Masahito Nomura, President
Business description
General bus transportation business, chartered bus transportation business, specific bus transportation business, etc.
Capital
100 million yen
2. Reasons for the transfer
The Company will carry out the transfer in order to streamline the assets of the Keikyu Group and strengthen its financial structure.
3. Details of the asset to be transferred
Asset name
Keihin-jima Office, Keihin Kyuko Bus
Location
2-1-7 Keihin-jima, Ota-ku, Tokyo
Overview of asset
Land: 6,400 m2
Building: 1,212 m2
Current status
Office, automobile maintenance plant, garage for automobiles for business
* Due to an agreement with the transferee, the transfer price and other details may not be disclosed.
4. Overview of the transferee
Due to an agreement with the transferee, the transferee may not be disclosed.
There are no items to report between the transferee and the Company regarding capital, personal or business relationships or as related parties.
5. Transfer period
(1) Date of conclusion of sales agreement: March 30, 2022
(2) Date of the transfer:
Scheduled in late June 2022
6. Impact on financial results
Following this transfer, the Company expects to record gain on sale of non-current assets of approximately 6.5 billion yen as extraordinary income in the consolidated financial results for the first quarter of the fiscal year ending March 31, 2023.
Attachments
Original Link
Original Document
Permalink
Disclaimer
Keikyu Corporation published this content on 30 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 March 2022 09:54:01 UTC.
Keikyu Corporation is a company primarily engaged in transportation business. The Company has four business segments. Transportation segment is engaged in the management and operation of railway stations, bus business, as well as the taxi business. Real Estate segment leases and sells real estate. Leisure and Service segment is engaged in the operation of hotels, restaurants, leisure facilities, golf courses, aquariums and amusement parks, travel business, as well as the provision of advertisement agency services. Distribution segment is engaged in the operation of department stores and shopping centers, as well as the sale of goods. The Company is also engaged in the construction, civil engineering, electrical facility business, the transportation equipment repairing, building management, information processing and driving school businesses.
KEIKYU CORPORATION 
