Press Release
November 6, 2025
Company name: Nittobo (registered as Nitto Boseki Co., Ltd.) Representative: Hiroyuki Tada,
Director, Representative and Chief Executive Officer (Securities Code: 3110, TSE Prime Market)
Contact: Hiroki Kajikawa, Senior Executive Officer
(Tel: +81-3-4582-5040)
Notice of Recording of Extraordinary Income Arising from Gain on Transfer of Non-Current Assets, and Revision to Consolidated Earnings ForecastsNittobo (the "Company") hereby announces that the Board of Directors resolved at a meeting held on November 6, 2025, to conduct a transfer of non-current assets, as a result of which extraordinary income (gain on sale of non-current assets) is expected to be recorded in the third quarter of the fiscal year ending March 31, 2026. Consequently, the Company hereby gives notice that it has revised its consolidated earnings forecasts for the fiscal year ending March 31, 2026, that were announced on August 1, 2025.
Reasons for the transfer of non-current assets
The Company has reviewed its non-current assets, and decided to transfer the following assets in order to improve asset efficiency through the effective use of management resources.
Details of transferred assets
Details and location of
transferred assets
Transfer
price
Carrying
amount
Gain on transfer
Present
condition
Land/superficies: 1,886.3 m2
Location: Yaesu 2-8, Chuo-ku, Tokyo
*
*
Approximately
34.1 billion yen
Rental property
* At the transferee's request, we will refrain from disclosing the transfer price and carrying amount.
Overview of transferee
(1)
Name
Sumitomo Realty & Development Co., Ltd.
(2)
Location
Shinjuku NS Building
2-4-1 Nishi-Shinjuku, Shinjuku-ku, Tokyo
(3)
Role and name of
representative
Kojun Nishima, President
(4)
Nature of business
Leasing, sales, construction, and brokerage of real estate
(5)
Share capital
122,805 million yen (as of March 31, 2025)
(6)
Date of establishment
December 1, 1949
(7)
Net assets
2,168,107 million yen (fiscal year ended March 31, 2025)
(8)
Total assets
6,722,422 million yen (fiscal year ended March 31, 2025)
(9)
Major shareholder and
shareholding ratio
The Master Trust Bank of Japan, Ltd. (13.94%)
Capital
relationship
Owns 6.52% of shares
(10)
Relationship between the Company
and the purchaser
Personnel
relationship
N/A
Business
relationship
Leasing transaction for the fixed assets to be
transferred.
Whether or not
a related party
N/A
Schedule for transfer
(1)
Date of Board of
Directors resolution
November 6, 2025
(2)
Date on which
agreement concluded
November 7, 2025 (scheduled)
(3)
Date on which
property delivered
November 7, 2025 (scheduled)
Outlook going forward
Following the transfer of this non-current asset, extraordinary income of approximately 34.1 billion yen is expected to be recorded as a gain on sale of non-current assets in the third quarter of the fiscal year ending March 31, 2026.
Revision to consolidated earnings forecasts for the fiscal year ending March 31, 2026 (April 1, 2025
- March 31, 2026)
Net sales
Operating profit
Ordinary profit
Profit attributable to owners of parent
Basic
earnings per share
Previous forecasts (A)
Millions of yen
120,000
Millions of yen
17,000
Millions of yen
17,000
Millions of yen
13,000
Yen
357.08
Revised forecasts (B)
120,000
19,000
18,500
37,500
1,030.04
Amount changed
(B - A)
-
2,000
1,500
24,500
Change (%)
-
11.8
8.8
188.5
(Ref.) Actual results for the fiscal year
ended March 31, 2025
109,035
16,445
17,568
12,837
352.61
Reasons for revision to consolidated earnings forecasts
With regard to full-year earnings forecasts for the fiscal year ending March 31, 2026, extraordinary income will be recorded following the transfer of non-current assets. Taking this together with consolidated results for the first half of the fiscal year and recent trends in performance, the Company expects the forecasts announced on August 1, 2025, to be exceeded.
Note: The above-mentioned earnings forecasts, etc. were created on the basis of the economic environment and information available to the Company at the time of preparation, and actual results going forward may differ from forecast figures for a variety of reasons.