February 19th, 2019
Company Name: TOPY INDUSTRIES, LIMITED
Representative: President and CEO, Nobuhiko Takamatsu(Code: 7231 Tokyo and Nagoya Stock Exchange; first section)
Contact: Operating Officer and General Affairs Dept. GM,Shuichi Tachibana(TEL: 03-3493-0777)

Notification regarding the transfer of fixed assets andthe record of extraordinary income in a consolidated subsidiary

This notice is with regards to the resolution passed at the Board of Directors meeting heldon February 19th, 2019 for the transfer of fixed assets in TOPY Enterprises, Limited, aconsolidated subsidiary, as follows:

1. Overview of the Company(1) C o m p a n y
N a m e(2) L o c a ti o n o f He a d O ffi ce
Position and Name of(3)R e p r e s e n t a t i v e
D e s c r i p ti o n o f B u s i n e s s(4)
A c t i v i t i e s(5) Capital

TOPY Enterprises, Limited
1-2-2 Osaki, Shinagawa-ku, Tokyo
President Shinichi Kijima
Sales of materials and metal products, automotive parts
and accessories, construction machinery parts
480million yen

2. Reason for the Transfer
The Group is making progress toward the goals of the medium-term management plan, andworking on raising asset efficiency. As a part of this activity, the reviewing the assets owned
has been on-going, which led to the resolution of transferring fixed assets.

3. Details of the Transferred Asset
LocationTransfer value
Land(Koto-ku, Tokyo)※Book value※

Gain on transfer
3,218 million
yen※

Current state
Empty lot

※Due to the strong request of the purchaser, the transfer price and book value will not bedisclosed. However, the transfer price is that of appropriate value reflecting the market value
determined by competitive tender bid. Gain on transfer is the estimated amount after
subtracting the book value and other estimated transfer costs from the transfer price.

-1-4. Summary of Purchaser
The purchaser is a general business corporation in Japan; however, due to the strong requestof the purchaser further summaries will not be disclosed. There are no business transactions,capital ties, personal relationships with the purchaser, and does not correspond to a relatedparty.

5. Schedule of Acquisition
Resolution of the Board(1) o fD i r e c t o r s(2) C o n t r a c t D a y(3) Date of property delivery

February 19th, 2019
February 19th, 2019
March 8th, 2019 (Schedule)

6. Future Prospect
The gain on transfer of 3,218 million yen from this fixed asset is scheduled to be recorded
under extraordinary profit in the consolidated and individual accounts for the fiscal year
ending in March 2019. The consolidated business results forecasts, announced on February
1st, 2019, includes consideration to the effects of this matter.

(FYI) The Consolidated Forecasts for the Fiscal Year Ending March 31, 2019 (Disclosed onFebruary 1st, 2019), and Consolidated Actual Results of the Previous Accounting YearNet income
Consolidated
Consolidated
attributable toConsolidated
OperatingOrdinary
shareholders ofnet sales
IncomeIncomethe parent
company
million yen

Full Year Forecastfor this Accounting
Year(Ending in March2019)
Consolidated Actual
Results of thePrevious Accounting
Year (Ending inMarch 2018)

million yen

million yen

million yen

288,000

8,000

9,500

6,800

230,462

7,997

8,034

5,500

Note: This document has been translated from the original Japanese version for reference purposes only. In the eventof any discrepancy between this translated document and the original Japanese version, the original shall prevail.
The original disclosure in Japanese was released on February 19th, 2019 at 15:30(GMT+9).
The Company assumes no responsibility for this translation or for direct, indirect or any other forms of damages
arising from the translation.

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