Kasumigaseki Capital Sells Development Land in Dubai and Secures Development Management Contract
Kasumigaseki Capital Co., Ltd. announced the sale of development land held by its consolidated subsidiary in Dubai, UAE. The buyer and price remain undisclosed. Additionally, a 100% subsidiary will undertake the development management services for the project. The impact is already reflected in the earnings forecast for the fiscal year ending August 2026.
📋 Article Processing Timeline
- 📰 Published: May 22, 2026 at 00:30
- 🔍 Collected: May 21, 2026 at 16:02
- 🤖 AI Analyzed: May 21, 2026 at 16:27 (25 min after Collected)
Kasumigaseki Capital Co., Ltd. (Headquarters: Chiyoda-ku, Tokyo; Representative Director and CEO: Koshiro Kawamoto; hereinafter "the Company") has announced that its consolidated subsidiary, KMEIM REAL ESTATE L.L.C (hereinafter "the Dubai Subsidiary"), has sold the development land it held in the United Arab Emirates (Dubai).
Additionally, the Company's 100% subsidiary, Kasumigaseki Properties Development L.L.C, will be commissioned to perform development management services related to this project.
1. Project Overview
[Completion Image]
*This image is for illustrative purposes and may differ from the actual project.
2. Buyer and Sale Price
Details regarding the buyer and sale price will not be disclosed based on a confidentiality agreement between the Dubai Subsidiary and the buyer. There are no notable capital or personal relationships to be reported between the Company, the Dubai Subsidiary, and the buyer, and there are no issues regarding the buyer's attributes.
3. Future Outlook
The aforementioned sale has already been incorporated into the consolidated earnings forecast for the fiscal year ending August 2026.
■ Company Information
Company Name: Kasumigaseki Capital Co., Ltd.
Established: September 2011
Representative: Koshiro Kawamoto, Representative Director and CEO
Headquarters: Kasumigaseki Common Gate West Tower 28F, 3-2-1 Kasumigaseki, Chiyoda-ku, Tokyo 100-0013
Capital: 54.205 billion JPY (including capital reserves) *As of the end of February 2026
Number of Employees: 398 (non-consolidated) *As of the end of February 2026
Main Business: Real Estate Consulting (logistics facility development, hotel development, healthcare facility development, overseas business)
Additionally, the Company's 100% subsidiary, Kasumigaseki Properties Development L.L.C, will be commissioned to perform development management services related to this project.
1. Project Overview
[Completion Image]
*This image is for illustrative purposes and may differ from the actual project.
2. Buyer and Sale Price
Details regarding the buyer and sale price will not be disclosed based on a confidentiality agreement between the Dubai Subsidiary and the buyer. There are no notable capital or personal relationships to be reported between the Company, the Dubai Subsidiary, and the buyer, and there are no issues regarding the buyer's attributes.
3. Future Outlook
The aforementioned sale has already been incorporated into the consolidated earnings forecast for the fiscal year ending August 2026.
■ Company Information
Company Name: Kasumigaseki Capital Co., Ltd.
Established: September 2011
Representative: Koshiro Kawamoto, Representative Director and CEO
Headquarters: Kasumigaseki Common Gate West Tower 28F, 3-2-1 Kasumigaseki, Chiyoda-ku, Tokyo 100-0013
Capital: 54.205 billion JPY (including capital reserves) *As of the end of February 2026
Number of Employees: 398 (non-consolidated) *As of the end of February 2026
Main Business: Real Estate Consulting (logistics facility development, hotel development, healthcare facility development, overseas business)
FAQ
What kind of business does Kasumigaseki Capital conduct in Dubai?
The company conducts real estate development business through its consolidated subsidiary and has announced the sale of development land and the commission of development management services.
What is the impact of this sale on earnings?
It has already been incorporated into the consolidated earnings forecast for the fiscal year ending August 2026.
Why is the sale detail not public?
Due to a confidentiality agreement between the parties involved in the sale.