IHI To Sell Two Rental Properties in Koto Ward
IHI will sell two rental properties it owns in Koto Ward, Tokyo, to multiple domestic operating companies in April 2026. The company expects to record total gains on the sale of approximately JPY 39.3 billion.
Both assets are ownership interests in buildings and land in Koto Ward and are currently rental properties. The gain on the first property is expected to be approximately JPY 15.3 billion, while the gain on the second property is expected to be approximately JPY 24.0 billion. IHI plans to execute the sale and purchase agreements and transfer the ownership interests during April 2026.
IHI decided to sell the properties to improve capital efficiency and secure investment capital for growth and development businesses. For the company, which is pursuing a transformation of its business portfolio, strengthening its financial base through planned asset sales is one of its medium-term management priorities, and this large-scale sale is positioned as part of that effort.
Key Facts
Seller: IHI Corporation
Buyers: Multiple domestic operating companies (undisclosed)
Total Gain on Sale: Approximately JPY 39.3 billion
Transfer Price: Undisclosed
Transfer Timing: April 2026 (execution of sale and purchase agreements and transfer of ownership interests)
Property 1
Location: Koto Ward, Tokyo
Current Use: Rental property
Gain on Sale: Approximately JPY 15.3 billion
Property 2
Location: Koto Ward, Tokyo
Current Use: Rental property
Gain on Sale: Approximately JPY 24.0 billion