2005
Announcement of the sale of fixed assets
March 24, 2005
Sanden Corporation (hereinafter “Sanden”; COO: Yoshimasa Hayakawa) today announces that it will sell a fixed asset as specified below.
1. Asset to be sold
(1) Selling property: Land (1,276.22 sq.m.)
(2) Location: 7-245, 246, Nishioku, Arakawa-ku, Tokyo
(3) Land category: House lot
(4) Price: ¥311 million
(5) Book value: ¥1,326 million (as of February 28, 2005)
2. Purchaser
(1) Company name: Sanden Real Estate Co., Ltd.
(2) Address: 83, Kotobuki-cho, Isesaki-shi, Gunma
(3) Representative: Representative Director: Seinosuke Amada
(4) Capital: ¥3,000 million
(5) Main business: Real estate leasing
(6) Relationship with Sanden: Sanden’s wholly owned subsidiary
3. Reasons for the sale
To precisely separate real estate businesses from core businesses within the Sanden Group, thereby enhancing efficiency
in the Group’s asset management. The Group intends to unify the function of possession and management of
real estate by selling such assets, which Sanden Corporation leases and a lessee manages, to the lessee.
4. Date of sale
March 25, 2005
5. Outlook
An extraordinary loss incurred by the foregoing sale in the amount of ¥1,015 million is included in the revised
earnings projections released today (March 24, 2005).
