TACHI S : Notice Regarding Transfer of Fixed Assets

Published October 26, 2023 at 6:32 a.m. UTC

Source: MarketScreener

	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.