d3eaeb56-f955-475a-ae11-e61121743b20.pdf

News Release 2015


Additional information

Notice Regarding Transfer of Fixed Assets and Associated Gain in Extraordinary Income



December 18, 2015



Tokai Carbon Co., Ltd. (with head office at 2-3, Kita-Aoyama 1-chome, Minato-ku, Tokyo, "Tokai Carbon") hereby announces that it has divested the fixed assets today, which was announced in "Notice Regarding Transfer of Fixed Assets" on December 14, 2015. It has recorded a gain in Extraordinary income as a result of the sale of certain fixed assets.

About other matters, there is no change in the information which was announced in December 14, 2015.


  1. Details of the asset to be transferred

    Details of the asset

    Land18,612.26 ㎡)and Building6,727.36 ㎡)

    location

    1607-1 Kozakura-cho, Chigasaki city, Kanagawa, Japan

    Due to the terms of the contract we are unable to disclose the carrying amount or the sale price of the asset.


  2. Overview of the recipient of transfer

    1Company Name

    Daiwa House Industry Co., Ltd.

    2Location

    3-3-5 Umeda, Kita-ku, Osaka 530-8241

    3Representative

    Naotake Ohno, President and COO

    4Operations

    Construction businesses, Urban and residential area development businesses, Overseas businesses, Other businesses

    5Capital

    JPY 161,699 million

    6Established

    March 4, 1947

    7Net Assets

    JPY 1,112,817million (As of March 31, 2015)

    8Total Assets

    JPY 3,021,007 million (As of March 31, 2015)


    9Major Stockholders and Ownership Ratios

    (As of March 31, 2015)

    The Master Trust Bank of Japan, Ltd (Trust Account)

    Japan Trustee Services Bank, Ltd (Trust Account)

    Sumitomo Mitsui Banking Corporation

    The Bank of Tokyo-Mitsubishi UFJ, Ltd

    STATE STREET BANK AND TRUST COMPANY 505225

    5.04

    4.44

    2.44

    2.34

    2.10

    10Relationship with Tokai Carbon

    The purchaser has no capital, human resources or business relationship with Tokai Carbon and it is not a related party of Tokai Carbon.


  3. Future implications

As a result of the Asset Transfer, Tokai Carbon will record JPY 1,008 million as Extraordinary income in the consolidated financial results for the fiscal year ending December 31, 2015.

In the meantime, the Company will make an announcement immediately if any matters requiring disclosure arise as a result of changes in the impact of the transfer on the Group's financial results.

End of Notice



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Tokai Carbon Co. Ltd. issued this content on 2015-12-18 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2015-12-18 11:32:20 UTC

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