Toyobo has resolved to sell fixed assets held by its El Salvador subsidiary INDUSTRIAS UNIDAS, S.A. (IUSA), following through on the planned shutdown of the unit's apparel-fiber business, set for the end of November 2026.
The disclosure, filed September 1, 2026, covers roughly 297,000 square meters of land in Ilopango, San Salvador, currently used as factory grounds, staff welfare facilities, a water intake site and forest. IUSA, founded in September 1955 with capital of US$6.653mn, has manufactured and sold apparel fiber from the site.
The sale follows Toyobo's August 25, 2026 announcement that it would suspend IUSA's operations at the end of November 2026 as part of a wider portfolio overhaul. Toyobo says offloading the land will improve group asset efficiency and strengthen its balance sheet.
Two El Salvador corporations belonging to a single corporate group are buying the land. Toyobo said neither the buyers nor their common parent have capital, personnel or transaction ties to the Toyobo group, and that the deal is not a related-party transaction. The transfer price, book value and resulting gain or loss are being withheld by agreement with the buyers.
Delivery is split into two tranches: the first closed September 1, 2026, local time, alongside IUSA's board approval and contract signing; the second is scheduled for May 2027. Toyobo expects to book gains on the sale as special gains across the fiscal years ending March 2027 and March 2028, matching each delivery. The company says its consolidated earnings forecast for the year ending March 2027 remains under review "including other factors," and it will update guidance promptly if a revision becomes necessary.