T.Kawabe & Co., Ltd. completed the sale of Kawabe Osaka Building.
December 05, 2014 at 09:30 am IST
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T.Kawabe & Co., Ltd. (JASDAQ:8123) agreed to sell Kawabe Osaka Building on October 24, 2014. The Board of Directors of T.Kawabe passed a resolution for the transaction on October 24, 2014. The date of contract conclusion is November 7, 2014. The transaction is expected to be completed by December 5, 2014. The transaction will result in a gain to T.Kawabe.
T.Kawabe & Co., Ltd. (JASDAQ:8123) completed the sale of Kawabe Osaka Building on December 5, 2014. The book value of the property is ¥302 million. T.Kawabe & Co., Ltd. received payment on December 5, 2014.
T.KAWABE&CO., LTD. is engaged in the wholesale of personal belongings business such as handkerchiefs, scarves, towels and miscellaneous goods. The Company operates in two business segments. The Personal Items business manufactures, sells, imports and exports handkerchiefs, scarves, mufflers, towels, and textile products. The fragrance business manufactures, sells, and imports and exports perfumes. The Company is also engaged in sale, import and export of upholstery, furniture and bedding; planning and consulting of clothing design and interior decoration; buying, sale and leasing of real estate, as well as manufacture, sale, import and export of cosmetics, perfumes, soaps, pharmaceuticals, and quasi-drugs.
T.KAWABE & CO., LTD. 
