TOMY : Notice Concerning Transfer of Non-current Assets of Subsidiary and Recording of Extraordinary Income

(English Translation of the Japanese Press Release)
	March 24, 2021
To all related parties:
Name of the Company:	TOMY Company, Ltd.
Name of the Representative:	Kazuhiro Kojima
	Representative Director, President & COO
(Code No. 7867; The First Section of the Tokyo Stock Exchange)
Further Inquiries:	Goshiro Ito
	Head of Corporate Administrations
	(TEL: [phone])

Notice Concerning Transfer of Non-current Assets of Subsidiary and Recording of Extraordinary Income

This is to provide notification that TOMY Company, Ltd. (hereinafter "Tomy") resolved to transfer non-current assets owned by TOMY (Hong Kong) Ltd., a consolidated subsidiary of Tomy. Tomy also announces that extraordinary income will be recorded with the said transfer.

1. Overview of the consolidated subsidiary

(1)	Name		TOMY (Hong Kong) Ltd.
(2)	Location		Units 901-6 9/F Tower One Enterprise Square 9 Sheung Yuet Road Kowloon
	Bay, Kowloon, Hong Kong
(3)	Name and title	of	Managing Director Toshio Hasegawa
representative
(4)	Content of business		Manufacturing of products and toys for infants and toddlers
(5)	Paid-in capital		HK$10,000

2. Reasons for the transfer

In order to make flexible and efficient use of management resources and strengthen the financial position, Tomy has determined to transfer the assets listed below through the review of assets retained.

3. Details of the asset to be transferred

Details and location of the asset	Value of the	Book value	Gain on	Actual status
	transfer		transfer
	(Note)
Real estate for office use in Kowloon District,			About
Hong Kong		About ¥115
-	¥1,800	Real estate for rent
Star House, No.3 Salisbury Road, Kowloon	million
	million
9,621 square feet

(Note) The gain on transfer is an estimated amount of the transfer value less the book value and sundry expenses incurred related to the transfer. This amount is currently under examination. While the value of the transfer is not disclosed at the request of the transferee, this transfer will be carried out at an appropriate value reflecting the market value.

4. Overview of the transferee

The transferee will not be disclosed at its request. The transferee is a corporation in Hong Kong. There are no special matters to be noted regarding capital and business relationships with Tomy. The corporation is not clarified into a related party of Tomy.

5. Schedule

Date of resolution of the Board of Directors: March 24, 2021

Date of resolution of the Board of Directors of the subsidiary: March 24, 2021

Date of conclusion of sales agreement: March 25, 2021 (scheduled)

Date of handover of the asset subject to the transfer: June 11, 2021 (scheduled)

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6. Future outlook

Because the sale is expected to be recorded in June 2021, the gain on transfer will be posted as extraordinary income of about ¥1,800 million in the first quarter of the fiscal year ending March 31, 2022. It will be disclosed in the earnings forecasts for the fiscal year ending March 31, 2022.

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