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Toyobo to Dispose of El Salvador Unit's Fixed Assets Following Suspension

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Toyobo (TYO:3101) has resolved to dispose of certain fixed assets, including land owned by its consolidated subsidiary IUSA in El Salvador, following the unit's planned operational suspension by the end of November.

The transfer will occur in two deliveries, with the first on Sept. 1, 2026, and the second scheduled for May 2027, with two Salvadoran business corporations as transferees, according to a Tokyo bourse filing on Tuesday.

The speciality chemicals and materials maker expects to record gains on sale of fixed assets as extraordinary income in the consolidated results for fiscal years ending March 2027 and March 2028, respectively.

Toyobo withheld disclosure of the transfer price, book value, and gain/loss per agreement with the transferees, and is currently reviewing whether any revision to its earnings forecast is needed.

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