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September 20, 2005
Notice regarding Transfer of Assets
Fukuoka, September 20, 2005 - Sanix Inc. (Ticker: 4651, TSE/OSE/FSE,
President & CEO: Shin-ichi Munemasa) announces that the Company decided
to transfer the following asset.
1. Description of Transfer
| (1) Asset to be transferred |
: The trust beneficiary rights of real estate |
|
(Trustee: The Sumitomo Trust & Banking Co., Ltd.) |
| (2) Name of Asset |
: Sanix Hakata Building |
| (3) Book value |
: 4,547,000,000 yen |
| (4) Transfer value |
: 4,400,000,000 yen |
| (5) Date of transfer |
: September 30, 2005 |
| (6) Transferee |
: Fukuoka REIT |
2. Reason of Transfer
As a part of rationalization of management and improvement of composition
of finances, the Company has decided to liquidate and transfer the Sanix
Hakata Building for the purpose of recovering invested capital to use for
future business funds.
Please note that Sanix will continue to rent the portion of the Building
that it has been using.
3. Content of asset to be transferred
| Type of asset |
The trust beneficiary rights of real estate |
| Location |
2-1-23 Hakataeki Higashi, Hakata Ward, Fukuoka City |
| Building |
Structure/number of stories |
Steel-framed, partially steel reinforced concrete eight-story
building with a flat roof and one-story basement |
| Date of construction |
March 31, 2001 |
| Total floor area |
8,111.25㎡ (see note 1) |
| Purpose |
Offices, banks, retail premises |
| Property |
Area |
1,385.89㎡ (see note 1) |
| Zoning |
Building land |
| Floor-Area Ratio |
600％ |
| Building-to-Land Ratio |
100％ |
(Note 1) Both areas listed above are based on the areas stated in the registry.
4. Description of Transferee
| Business Name |
Fukuoka REIT Corporation |
| Address of the Head Office |
Canal City Business BLDG.,
1-2-25 Sumiyoshi, Hakata, Fukuoka |
| Representative |
Masatoshi Matsuo, Executive Officer |
| Total Investments |
49,167,800,000 yen |
| Principal Business Description |
Japanese Real Estate Investment Trust (J-REIT) |
| Capital Ties etc. with Sanix Inc. |
None |
5. Impact on Business Performance
With the transfer of the above asset, the Company plans to declare
an extraordinary loss of 147 million yen in the half-year settlement in
March of 2006.
For more information, please contact:
Kozo Inoue, Managing Director
E-mail: k-inoue@sanix.co.jp |