Fujikura: Fixed Asset Transfer Notice and Exceptional Profit Record

9-Feb-22

dear all

Company name: Fujikura Ltd.

Representative: Masahiko Ito, Director of the Chairman, CEO (Code: 5803 First Section of TSE)

For further information: Masayoshi Yamanaka, General Manager of Corporate Strategy Planning Division (TEL. +81-3-5606-1112)

Notice of Transfer of Fixed Assets and Record of Exceptional Profit

Fujikura Ltd. (the “Company”) is hereby announced that it has made the decision to transfer its fixed assets and expects to record an extraordinary profit following the transfer.

1. Reason for transfer

The Company has decided to transfer the following assets in order to use its assets efficiently and improve its financial situation.

2. Details of transferred assets

Asset details and location

Actual status

R&D center

14-1,2, Kiba 1-chome, Koto-ku, Tokyo

Laboratories and offices

Land 2,634.6

Building 7,676.6㎡(Architectural area

(Note) The transfer price and book value are not announced in agreement with the transferee.

3. Presentation of the assignee

The recipient of the transfer is not announced in agreement with the transferee. In addition, there is no capital link, personal relationship, business relationship, related between the assignee and the Company.

4Transfer schedule

(1)

Contract execution date

February 9, 2022

(2)

Delivery date of the good

February 28, 2022 (expected)

5Future prospects

The company expects to record an extraordinary profit of approximately 5.1 billion yen on the transfer of fixed assets in its consolidated and non-consolidated financial statements for the year ended March 31, 2022

The gain on the sale is included in the “Notice of Extraordinary Losses Recorded by a Subsidiary and Revised Consolidated Business Guidance for the Year Ending March 31, 2022” published today.

Warning

Fujikura Ltd. published this content on February 09, 2022 and is solely responsible for the information contained therein. Distributed by publicunedited and unmodified, on February 09, 2022 06:38:01 UTC.