Asahi Broadcasting Group Holdings will sell a non-business land asset in Osaka City through its television subsidiary, generating approximately 2.4 billion yen ($15.7 million) in transfer gains.
The Tokyo-listed broadcaster announced Monday that its subsidiary Asahi Broadcasting Television will complete the property transaction on April 18 as part of broader financial restructuring efforts to improve capital efficiency and strengthen its balance sheet.
The media company began divesting policy-holding shares this fiscal year and has now expanded these initiatives to include fixed asset sales aimed at reducing total assets. The buyer, described only as a domestic corporation, remains undisclosed due to confidentiality agreements.
Asahi Broadcasting confirmed there are no capital relationships, personnel connections, business transactions, or other notable matters between the company and the undisclosed buyer that would require special disclosure.
The company plans to record the 2.4 billion yen as “gain on sale of fixed assets” under extraordinary income in its first-quarter financial results for the fiscal year ending March 2026.
Management will include the financial impact of this transaction when it announces its full-year forecast for fiscal 2026 during its fiscal 2025 earnings release scheduled for May 12.
