Oenon Holdings (TYO:2533) will record an extraordinary gain of about 100 million yen from the sale of noncurrent assets by its consolidated unit, Godo Shusei, according to a Monday filing on the Tokyo Stock Exchange.
The sale concerns a former branch site in Sendai, Miyagi Prefecture, spanning 731.4 square meters.
Oenon said the deal was concluded through a bidding process at a fair market value. Details of the buyer were not disclosed, but the company said there are no capital or business ties.
The transaction is expected to close by June. The company said the gain will be booked in the fiscal year ending Dec. 31.
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