TACHI S : Notice Regarding Transfer of Fixed Assets
October 26, 2023 at 02:33 am EDT
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October 26, 2023
Listed Company Name
TACHI-S CO., LTD.
Name of Representative
Yuichiro Yamamoto, President & CEO & COO
Stock listing
Tokyo Stock Exchange - Prime Market
Code number
7239
Contact
General Affairs Section, General Affairs Department
(TEL: 0428-33-1911)
Notice Regarding Transfer of Fixed Assets
TACHI-S CO., LTD. (the "Company") hereby announces that a decision was made at a meeting of the Board of Directors held on October 26, 2023 to transfer fixed assets as follows.
Reason for the transfer
Based on the medium-term management plan formulated in May 2021, the Company is working to improve its profit structure, including the reorganization of its plants and offices and the improvement of logistics efficiency, and as part of this effort, the Company will transfer the following assets (hereafter, the "transferred assets").
Details of the transferred assets
Name, description and location of assets
Assets area
Profit on transfer
Present condition
Building: TACHI-S CO., LTD. former
3,655.46m2 (Total floor space)
Approx. 540
Storage / Stack room
headquarters
Land: 3-3-7 Matsubaracho, Akishima City,
2,531.01m2
million yen
of the Company
Tokyo
Building: TACHI-S H&P, LTD. head office
2,914.60m2 (Total floor space)
Approx. 540
Business office of
Land: 2-13-18 Matsubaracho, Akishima
3,240.17m2
million yen
TACHI-S H&P, LTD.
City, Tokyo
Land: 2-3644-2 Matsubaracho,
926.18m2
Approx. 250
Monthly parking lot
Akishima City, Tokyo
million yen
Total
―
Approx. 1,330
―
million yen
* The Company will refrain from disclosing the transfer price due to confidentiality based on the intention of the transferee, but it is a fair and reasonable price reflecting the market price. The gain on transfer is a provisional amount calculated by
deducting the book value and the estimated amount of costs, etc. related to the transfer from the transfer price.
3.
Outline of the counterparty
The transferee is a domestic corporation, but the Company has refrained from making an announcement due to
confidentiality based on the intention of the transferee. There are no capital, personal or business relationships to be noted
between the transferee and the Company. In addition, the transferee is not a related party of the Company.
4.
Schedule of the transfer
(1)
Resolution by the Board of Directors' meeting
October 26, 2023
(2)
Date of conclusion of contract
October 30, 2023 (scheduled)
(3)
Date of delivery of property
Period from April to May 31, 2024 (scheduled)
5.
Outlook for the future
The transfer of the above fixed assets will not affect consolidated financial results for the fiscal year ending March 31, 2024.
The Company expects to record a gain on sale of fixed assets of approximately 1,330 million yen (approximate estimate) as
an extraordinary gain for the first quarter of the fiscal year ending March 31, 2025.
Furthermore, the head office of TACHI-S H&P, LTD. is planned to be relocated to 1-2 Suehirocho, Ome City, Tokyo.
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Disclaimer
TACHI-S Co. Ltd. published this content on 26 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 October 2023 06:32:36 UTC.
TACHI-S CO., LTD. is a Japan-based company mainly engaged in the manufacturing and sales of automotive seats and related parts. The Company operates through six business segments. It is engaged in the manufacturing and sales of seats for vehicles, including passenger cars, trucks and buses. It is also engages in the manufacturing and sales of other parts, such as steering components and vehicle body mechanism components. It is also engaged in the rental of commerce facilities.
TACHI-S CO., LTD. 
