October 31, 2008
Notice Regarding Transfer of Fixed Asset
and Recording of Extraordinary Loss
At the Board of Directors Meeting held on October 31, 2008, Sanix Incorporated (Ticker: 4651, TSE/OSE/FSE, President & CEO: Shin-ichi Munemasa) decided to transfer a certain fixed asset held by EDI Incorporated, a consolidated subsidiary, as follows:
1. Outline of the Subsidiary
Company Name |
EDI Incorporated |
Head Office |
2-8 Toranomon 1-chome, Minatoku, Tokyo |
Corporate Representative |
Koji Umeda |
2. Reason for Transfer
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The land lot described below was purchased by EDI Incorporated in June 2002 as part of its Recycling Environmental Resources Development Plan. Since the Plan was subsequently cancelled, the land has been held as an idle property. The subsidiary, considering transfer of the property, has found a buyer and reached an agreement regarding transfer terms.
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3. Details of the Transferred Asset
Description and location of the asset
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Book value
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Transfer price
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Current status
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1565-1 Tanokubi-cho 1-chome,
Shimonoseki, Yamaguchi Pref.
Land 133,580.75 u
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1,498
million yen
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1,180
million yen
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Idle land
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* The book value is as of September 30, 2008.
4. Outline of the Buyer
Company Name |
KYORITSU KIKAI CO., LTD. |
Head Office |
1-45, Minami 4-chome, Mihara, Hiroshima Pref. |
Corporate Representative |
Yoshiharu Ikeuchi |
Capital |
45 million yen |
Major Business Lines |
Design and manufacture of gangway ladders, small hydraulic pressure loading devices, aliminum superstructure, aliminum sashes, doors for ships, and so on |
Relationship with
our Company |
There is no capital or personal relationship between two companies. |
5. Transfer Schedule
October 31, 2008 |
Board meeting, and execution of contract |
Mid-November, 2008 |
Delivery of asset (planned) |
6. Impact on Consolidated Operational Results
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In connection with the transfer of the fixed asset, an extraordinary loss of approximately 333 million yen will be recorded in the consolidated profit and loss statement for the second quarter of this year.
Sanix is also publishing, as of the date of this announcement, gRevision to Forecast for Business Resultsh, which includes the impact of the extraordinary loss described here.
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For more information, please contact:
Masahiro Shimojo, Director,
Management and Planning Division
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