Tokyo Seimitsu Co., Ltd (JP:7729) has released an update.
Tokyo Seimitsu Co., Ltd. has decided to transfer its fixed assets, specifically the Hino Plant land, with the intention to establish a trust and transfer its beneficiary rights. The undisclosed transferee is a Japanese corporation unrelated to the company. This strategic move follows a shift in production to the Hanno and Nagoya Plants and is aimed at efficient asset management, with expected extraordinary gains in the upcoming financial results.
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