Nippon Sanso to Sell Current Head Office Site Ahead of Relocation

The latest announcement is out from Nippon Sanso Holdings Corporation ( (JP:4091) ).

Nippon Sanso Holdings has approved the transfer of land currently used as its head office in Shinagawa, Tokyo, as part of its previously announced relocation to the redeveloped World Trade Center Building Main Tower. The 5,150.95 square meter site will remain in use as the head office until the move is completed, with details of the buyer undisclosed under a confidentiality agreement.

The transaction is expected to generate an estimated gain on transfer of ¥12,421 million, alongside an impairment loss of ¥1,865 million on the existing head office building in the fiscal year ending March 31, 2027. These effects will be reflected in both non-consolidated and consolidated financial statements, potentially strengthening the company’s financial position as it upgrades its headquarters infrastructure.

The most recent analyst rating on (JP:4091) stock is a Hold with a Yen5800.00 price target. To see the full list of analyst forecasts on Nippon Sanso Holdings Corporation stock, see the JP:4091 Stock Forecast page.

More about Nippon Sanso Holdings Corporation

Nippon Sanso Holdings Corporation is a Japan-based industrial gas company listed on the Prime Market of the Tokyo Stock Exchange under code 4091. The group provides industrial and specialty gases and related services to manufacturing and high-tech sectors, positioning itself as a key supplier to domestic and global industrial markets.

Average Trading Volume: 841,368

Technical Sentiment Signal: Strong Buy

Current Market Cap: Yen2462.3B

For detailed information about 4091 stock, go to TipRanks’ Stock Analysis page.