OREANDA-NEWS. Toyo Tire & Rubber Co., Ltd. announced that a resolution at the Board of Directors meeting convened August 9, 2013 to transfer fixed assets. Details are as follows.

With the relocation of the existing R&D Center (Ibaraki, Osaka) to Kawanishi, Hyogo Prefecture in December of this year (tentative), the Company decided to transfer the land and building that will become idle.

The Company will book the profit of the sale of fixed assets as an extraordinary gain in the first quarter of the Fiscal Year 2014 ending December 31, 2014.