Niigata My Home Center Co., Ltd. cancelled the acquisition of land and building in Niigata from Niigata Kotsu Co., Ltd..
August 24, 2012 at 12:00 am EDT
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Niigata My Home Center Co., Ltd. agreed to acquire land and building in Niigata from Niigata Kotsu Co., Ltd. (TSE: 9017) for ¥890 million on August 24, 2011. The transaction has been resolved by the Board of Directors of Niigata Kotsu Co., Ltd. The transaction is expected to complete on August 30, 2011. The property is expected to be delivered on September 27, 2011. The transfer will impact on the net profit in the business settlements for the year ending March 2012 due the sum-up of the corporation tax adjustment value etc., besides the fixed asset transfer loss of ¥2 million.
Niigata My Home Center Co., Ltd. cancelled the acquisition of land and building in Niigata from Niigata Kotsu Co., Ltd. (TSE:9017) on August 24, 2012.
Niigata kotsu Co., Ltd. is a Japan-based company engaged in the passenger transportation business, general travel business, aviation agency business, real estate business, parking lot management business and the sale of articles for daily use. The Company operates through four business segments. The Transportation segment is engaged in passenger car transportation and taxi business. The Real Estate segment is mainly engaged in the real estate leasing and trading business. The Product Sales segment is engaged in food sales and goods sales. The Hotel Segment is engaged in inn business and hotel business. In addition, the Company is also engaged in travel, air transportation agency, cleaning, equipment and environment business.