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Seibu Electric Industry Co Ltd to Sell Properties; Announces Extraordinary Profit for FY 2013
Seibu Electric Industry Co Ltd announced that it has decided to sell a Oita-located property and a Kumamoto-located property for JPY 155 million and a JPY 40 million respectively, to Nishinippon System Installations and Construction Co., Ltd. The transaction will be conducted in late April 2013. As a result, the Company will record a JPY 283 million extraordinary profit on the selling of the property, for the fiscal year ending March 2013.
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