IHI (TYO:7013) expects to record a gain of 14.6 billion yen from the transfer of land in Tokyo's Koto-ku, according to a Tokyo bourse filing on Friday.
The proceeds from the sale will be used to secure funds for upfront investments and strengthen the company's financial foundation.
The buyer is a Japanese special-purpose company with no ties to IHI, though the transfer price and book value are not disclosed at the transferee's request.
The ownership transfer is scheduled for December.
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