Notice of Non-Current Assets Transfer
IHI today announces that it has agreed to transfer some non-current assets, as follows.
1. Reason for Transfer
IHI will transfer these assets as part of efforts to transform its business under Group Management Policies 2023, which it announced on May 9, 2023. It will fund investments with gains from the transfer.
2. Description of Assets to be Transferred
| Description and Location of Assets | Gain on Transfer | Current Use |
| MFLP Tomei Ayase in Ayase, Kanagawa Prefecture Land and building (trust beneficiary rights) |
Around ¥5.2 billion | Real estate leasing |
Note: IHI estimated the gain on transfer by deducting the book value and projected transfer-related expenses from the transfer price.
3. Overview of Transferee
| Company name | Mitsui Fudosan Logistics Park Inc. |
| Address | 8-7, Ginza 6-chome Chuo-ku, Tokyo |
| Representative | Hiroshi Asai, Executive Director |
| Principal business | Investment management |
| Establishment date | March 4, 2016 |
| Relationship with IHI | No capital, personnel, business relationship, related party, or other matters require special mention. |
4. Planned Date of Ownership Transfer
March 15, 2024
5. Impact on Results
IHI expects to post around ¥5.2 billion to other income in its consolidated financial statements for the fiscal year ending March 31, 2024, as a result of the above transfer of non-current assets.