Sanden Corporation hereby announces that its Board of Directors, at a meeting held today, resolved to enter into a purchase and sale agreement for the transfer of real estate owned by the Company (Sanden Forest / Akagi Plant).
Following the transfer of the property, the Company plans to continue utilizing the Akagi Plant under a sale-and-leaseback arrangement. Accordingly, there will be no impact on the Company's business operations, manufacturing activities, or environmental conservation initiatives currently being carried out at the site.
1. Reason for the Transfer
The Company is reviewing its asset portfolio with the objectives of improving asset efficiency and strengthening its financial position. As part of these ongoing efforts, the Company has decided to transfer the property.
2. Overview of the Asset to Be Transferred
Location: 7-1 Nakanozawa, Kasukawa-machi, Maebashi City, Gunma Prefecture, Japan
Property Name: Sanden Forest / Akagi Plant
*Further details regarding the property will be disclosed after execution of
the purchase and sale agreement.
3. Schedule
Resolution of the Board of Directors August 7, 2026
Execution of Purchase and Sale Agreement August 17, 2026 (planned)
Property Transfer Date October 1, 2026 (planned)
Company Name Sanden Corporation
Name of Representative
Xu Zhan
Representative Director & President
(Securities Code: 6444; TSE Standard Market)
Inquiries Yuji Sekiguchi
Division General Manager, Administration Division
TEL +81-3-5828-5582
Receipt of Purchase Price October 1, 2026 (planned)
4. Impact on Financial Results
The impact of this transaction on the consolidated financial results for the fiscal year ending December 31, 2026 is currently under review. Should any matter requiring disclosure arise, the Company will promptly make an announcement.
As this announcement is being made following the Board resolution prior to the execution of the purchase and sale agreement, details including the transferee, transfer price, and other relevant information will be disclosed separately after the agreement has been executed.
(C) 2026 Electronic News Publishing, source ENP Newswire