H.I.S. (HIS) is repurchasing the trust beneficiary rights of its headquarters building from SMFL Mirai Partners.
The sections being repurchased are the 4th and 5th floors of the Tokyo World Gate Kamiyacho Trust Tower, located in Minato-ku, Tokyo. This decision has been influenced by a recovery in performance, taking into account future business outlooks and an increase in available funds.
In September 2021, in response to performance deterioration due to the impact of COVID-19, the company secured necessary funds by transferring the rights to SMFL Mirai Partners for 32.5 billion yen.
The acquisition price is the same amount as the transfer price of 32.5 billion yen, with a settlement in cash of the difference, 20.7 billion yen, with 11.7 billion yen in deposit guarantees. The signing of the contract and the transfer are scheduled for October 31.
