Advertisement
Nissan Motor has completed a USD 643 million sale and leaseback of its Yokohama headquarters as part of its restructuring plans, expecting extraordinary income of 73.9 billion yen for the fiscal year ending March 2026. The property was bought by MJI Godo Kaisha, with Nissan signing a 20-year lease through Mizuho Trust & Banking. A special purpose company supported by Minth Group and KKR acquired the assets for 90 billion yen. This transaction highlights Nissan's efforts to optimize assets and improve financial stability while continuing operations at its headquarters.
Nissan Motor has completed a 97 billion yen (USD 643 million) sale and leaseback of its global headquarters in Yokohama, Japan, as part of its ongoing business restructuring strategy. The company expects this transaction to generate around 73.9 billion yen in extraordinary income for the current fiscal year ending March 2026. Advertisement
The trust beneficiary rights for the land and building were acquired by MJI Godo Kaisha. Nissan will continue operating from the headquarters under a 20-year lease agreement with Mizuho Trust & Banking. The lease payment details were not disclosed, as the buyer preferred to keep them private.
Earlier reports indicated that a special purpose company backed by Hong Kong-listed auto parts manufacturer Minth Group and led by a unit of private equity firm KKR & Co purchased Nissan's Yokohama assets for 90 billion yen. Sources familiar with the matter had identified KKR as the top bidder for the headquarters.
Nissan is set to release its half-year earnings through September, which will likely reflect the impact of this significant transaction on its financial results. The move aligns with the automaker's broader efforts to optimize its assets and strengthen its balance sheet amid restructuring plans.
Source Reuters
5th Jun, 2025
25th May, 2023
11th May, 2023
27th Apr, 2023
Advertisement
Facebook
Whatsapp
