Tanigawakensetsu Co., Ltd. completed the acquisition of 1-3 Hamamachi, Nagasaki, Nagasaki from Shochiku Co., Ltd..
February 26, 2014 at 11:00 pm EST
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Tanigawakensetsu Co., Ltd. agreed to acquire 1-3 Hamamachi, Nagasaki, Nagasaki from Shochiku Co., Ltd. (TSE:9601) for approximately ¥260 million on February 24, 2014. The book value of the property is ¥1.737 billion. Tanigawakensetsu Co., Ltd. entered into contract to acquire 1-3 Hamamachi, Nagasaki, Nagasaki from Shochiku Co., Ltd. on February 27, 2014. Board of Directors of Shochiku Co., Ltd made a resolution in favor of the transaction on February 24, 2014. The transaction is expected to close on February 27, 2014. Shochiku Co., Ltd. will incur a loss of ¥1.482 billion from the transaction.
Tanigawakensetsu Co., Ltd. completed the acquisition of 1-3 Hamamachi, Nagasaki, Nagasaki from Shochiku Co., Ltd. (TSE:9601) on February 27, 2014. Shochiku Co., Ltd. received payment on February 27, 2014.
Shochiku Co., Ltd. is mainly engaged in the image business. The Image-related segment is engaged in the production, purchase, sale, distribution and performance of theater movies, the operation of movie theaters and theater shops, the production and sale of television (TV) movies, the planning and production of commercials, the software production, editing and broadcasting for communications satellite and cable TV, and the manufacture, purchase and sale of video software. The Drama segment plans, produces and performs dramas and dispatches actors. The Real Estate segment leases its own properties. The Others segment is engaged in the manufacture, purchase, sale and leasing of stage costumes, the production and sale of programs, the planning and sale of character goods, the production and sale of drama stage props and audios, the development and licensing of music copyrights, the management and cleaning of real estate.
SHOCHIKU CO., LTD. 
