Synthetic fiber maker Kuraray Co. said Thursday that it will spin off its real estate operation and hand it over to its wholly owned real estate company in April.
The real estate operation, based in Okayama Prefecture, will be integrated into Kuraray Fudosan Co. in Osaka on April 1, Kuraray said in a news release.
The move will not affect its consolidated earnings for the current business year to March 31, Kuraray said.