Notice Regarding Sale of Real Estate for Sale

Note: This English document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translation and the Japanese original, the Japanese original shall prevail.
Tosei Corporation assumes no responsibility for this translation or for direct, indirect or any other forms of damages arising from the translation.

To whom it may concern

August 30, 2019

Tosei Corporation
Toranomon Tosei Building, 4-2-3 Toranomon, Minato-ku, Tokyo
President and CEO: Seiichiro Yamaguchi
Securities code: 8923 (Tokyo Stock Exchange, First Section)
Securities code:S2D (Singapore Exchange, Mainboard)
Contact: Noboru Hirano, Director and CFO
TEL: +81-3-3435-2864

Notice Regarding Sale of Real Estate for Sale

 Tosei Corporation (the “Company”) hereby announces that it decided to sell real estate for sale (trust beneficiary rights) at the meeting of the Board of Directors held today.
Accordingly, the Company provides the following information

  1. 1.Details of the property
    Name Hasuda Logistics Facility Project (tentative name)
    Location Hasuda-shi, Saitama
    Type Logistics Facility
    Site Area 17,404.21 ㎡ (as registered)
    Total Floor Area 12,682.59 ㎡ (according to the building certification)
    Building Structure A steel structure, having two aboveground floors
    Expected Date of Completion Late December, 2020 (scheduled)
  2. 2.The buyer

    The Company is unable to disclose the buyer because of its non-disclosure obligation in accordance with the corresponding property (trust beneficiary rights) transaction contract with the buyer. The Company has no capital, personnel or trade relationship to be stated with the buyer.

  3. 3.Summary of the transaction
    Transfer Value The Company is unable to disclose the transfer value because of its non-disclosure obligation in accordance with the corresponding property (trust beneficiary rights) transaction contract with the buyer. Transfer value is expected to be equivalent to 10% or more of the Company’s consolidated revenue for the previous fiscal year (fiscal year ended November 30, 2018).
    Contract Date August 30, 2019
    Transfer Date Late January, 2021 (scheduled)
  4. 4.Future outlook

    The impact of this sale on the Company’s financial results will be included in the consolidated earnings forecasts for the fiscal year ending November 30, 2021.