Sun Frontier Fudousan (TYO:8934) is disposing of a property in Chuo Ward, Tokyo, consisting of land and buildings, according to its filing on Tuesday.
Due to confidentiality obligations under the purchase agreement, the transferee's name and sale price will not be disclosed. However, the price exceeds 10% of the company's consolidated net sales for the fiscal year ending March 31, 2024.
The company confirmed no specified capital, personnel, business, or related-party relationships with the transferee. The contract and settlement are scheduled for April 3.
Shares of the company were up nearly 2% in mid-morning trade Wednesday.
Price (JPY): $2010.00, Change: $+31, Percent Change: +1.57%
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