Nittoku to sell head office building for asset optimization, management efficiency

Nittoku Corporation announced on September 29, 2025, a decision to transfer a fixed asset, specifically its head office building. This move is part of the company's medium-term management plan from March 2026 to March 2028, focusing on enhancing management resilience and adapting to future environmental changes. By shifting its headquarters function from self-ownership to a lease arrangement, Nittoku aims for more agile operations and improved asset efficiency.

The asset being transferred is the Nittoku Head Office Building, located in Saitama City, Saitama Prefecture. The building has a registered land area of 1,388.13 square meters and a total floor area of 2,091.25 square meters, constructed of steel-reinforced concrete. The buyer is a domestic business corporation whose identity is being withheld at their request. Nittoku confirms no capital, personnel, or transactional relationships, or related party issues, exist between the company and the transferee.

The transaction timeline includes a Board of Directors resolution on September 12, 2025, the contract signing on September 29, 2025, and the planned asset handover in March 2026. While this transaction is expected to generate a gain on transfer, the company states that its impact on the financial results for the fiscal year ending March 2026 will be minor.