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.