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SBS Holdings to sell logistics center trust interests

March 31, 2025 at 12:08 PM UTCBy FilingReader AI

SBS Holdings (TSE:2384) announced today that its consolidated subsidiary, Elmax Co., Ltd., has decided to sell its trust beneficiary rights for the Noda Seto Logistics Center A. The sale will be conducted in three phases, beginning September 30, 2025, and concluding in January 2027. The decision was made to improve the company’s financial health and promote the development of logistics facilities to strengthen its 3PL business. SBS anticipates booking a gain of approximately JPY 7.4 billion from this transaction as operating income within its consolidated results for the fiscal year ending December 2025, which is already factored into the earnings forecast released on February 14, 2025.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

TSE:2384Tokyo Stock Exchange

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