OH Real Estate Management Co., Ltd. cancelled the acquisition of land area of 147.18 mu of 1-14-1 Higashi-Komagata, Sumida-ku from Nicca Chemical Co.,Ltd..
September 25, 2014 at 12:00 am EDT
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OH Real Estate Management Co., Ltd. agreed to acquire land area of 147.18 mu of 1-14-1 Higashi-Komagata, Sumida-ku from Nicca Chemical Co.,Ltd. (NSE:4463) for ¥150 million on September 25, 2013. The purchase and sale contract is expected to be concluded on October 10, 2013 and the property is expected to be transferred on November 29, 2013. Nicca Chemical is expecting an extraordinary loss of approximately ¥750 million due to this development, for the fiscal year ending December 2013.
OH Real Estate Management Co., Ltd. cancelled the acquisition of land area of 147.18 mu of 1-14-1 Higashi-Komagata, Sumida-ku from Nicca Chemical Co.,Ltd. (NSE:4463) on September 25, 2014.
NICCA CHEMICAL CO., LTD. is a Japan-based company mainly engaged in the manufacture and sale of surfactants. The Company operates in two business segments. The Chemicals segment is engaged in the manufacture and sale of chemicals for textile processing, chemicals for information recording paper, resin raw materials, commercial cleaning chemicals, chemicals for medical and nursing care facilities, and other functional chemicals. The Cosmetics segment is engaged in the manufacture and sale of hair care agent, hair color agent, perm agent, scalp care agent and styling agent. The other business is engaged in the contracted construction of facility works.
OH Real Estate Management Co., Ltd. cancelled the acquisition of land area of 147.18 mu of 1-14-1 Higashi-Komagata, Sumida-ku from Nicca Chemical Co.,Ltd..