Seibu Holdings, Inc. (JP:9024) has released an update.
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Seibu Holdings Inc. has announced an expected extraordinary income from its subsidiary, Seibu Railway Co., Ltd., due to the transfer of former Toshimaen land to the Tokyo Metropolitan Government. This move aligns with the Tokyo City Planning project and is anticipated to positively impact the company’s financial results for the nine months ending December 31, 2024. The gain from this transaction is estimated at ¥4.7 billion, reflecting a strategic asset management decision by the company.
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