When will the compensation be received?

It is scheduled to be received by March 31, 2027, upon completion of handover.

What will happen to the former headquarters site?

The site will be redeveloped into a new urban area under Soka City's land readjustment project.

Where has the headquarters been relocated?

The headquarters has already moved to Ebisu Prime Square in Shibuya, Tokyo.

Is the compensation taxable?

Yes, as non-operating income, it is subject to corporate tax.

Are similar compensation payments expected in the future?

Not currently planned, but possible through future urban regeneration collaborations.

Syla HD Announces Receipt of Compensation Related to Land Readjustment Project

Published Jun 17, 2026 12:00 AM ・ Updated Jun 16, 2026 4:24 PM ・ 4 min read ・ Source: PR TIMES

Syla Holdings Co., Ltd. has announced the receipt of 697 million yen in compensation due to the relocation of its former headquarters in Soka City as part of a land readjustment project. The amount will be recorded as non-operating income and reflected in the financial forecast for the fiscal year ending May 2027.

Syla Holdings Co., Ltd. (Headquarters: Shibuya-ku, Tokyo; Chairman and Group CEO: Hiroyuki Sugimoto; Securities Code: 8887; hereinafter "the Company") has resolved at today's board meeting regarding a series of procedures related to the relocation of its former Soka headquarters due to the Soka City Urban Planning Project, Nitta Station West Exit Land Readjustment Project. Accordingly, the Company will receive compensation income, which will be recorded as non-operating revenue, and hereby announces the details as follows.

Recognition of Non-Operating Revenue

Details of Compensation Received

Due to the implementation of the Soka City Urban Planning Project, Nitta Station West Exit Land Readjustment Project, the Company will relocate buildings located on its owned land. As a result, the Company will receive compensation under Article 78, Paragraph 1 of the Land Readjustment Act for the handover of assets, which will be recorded as non-operating revenue.

Project Implementer

Soka City Urban Planning Project, Nitta Station West Exit Land Readjustment Project Implementing Authority: Soka City Representative: Soka City Mayor, Yuriko Seto

Schedule

Handover Deadline: March 31, 2027

Amount of Compensation Received

Total: 697 million yen (planned)

※ Additional expenses related to the handover are expected.

Impact on Financial Performance

The non-operating income and expenses related to this matter will be included in the Company's financial outlook for the fiscal year ending May 2027 (June 1, 2026 – May 31, 2027), which is scheduled to be disclosed in the 'Financial Results for the Fiscal Year Ending May 2026' on July 15, 2026.

Syla Holdings Co., Ltd. Company Overview

Headquarters: 1-1-39 Hiroo, Shibuya-ku, Tokyo, 7F Ebisu Prime Square

Chairman and Group Executive Officer, CEO: Hiroyuki Sugimoto

Founded: September 1970

Capital: 2,369 million yen

Business Activities: Comprehensive real estate, construction, renewable energy, and PropTech

Website: https://syla-holdings.jp

Inquiries regarding this matter:

Syla Holdings Co., Ltd.

Contact: Corporate Communications Department, Mr. Kubo

TEL: 03-4560-0640

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Source: PR TIMES
Category: News

Syla HD Announces Receipt of Compensation Related to Land Readjustment Project

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