March 31, 2009
To whom it may concern:
Remedial Measures for Barrington House Baji Koen
As disclosed in "Public Announcement of Investigations by Tokyo Metropolis " on November 12, 2008, the company's Barrington House Baji Koen building was found in a study conducted by the Tokyo Metropolitan Government not to satisfy some ultimate lateral strength standards. We have therefore, under the direction of the Tokyo Metropolitan Government, formulated a remedial plan.
This is to inform you that the remedial plan was submitted to the Tokyo Metropolitan Government and formally accepted today. Tokyu Construction Co., Ltd. is scheduled to commence remedial works shortly, and we continue to focus on the identification of a stable assignee, looking forward to an early completion of the project.
Details
1. Outline of remedial works
1
Schedule
Commencement of works
Early April 2009 (tentative)
Conclusion of works
Late May 2009 (tentative)
2
The price of the remedial works contract is estimated at approximately 65 million yen.
2. Forecast
We will inform you in a timely manner upon finalization of any impact on future consolidated results.
End of document
Company:
RADIA HOLDINGS, INC.
Representative: Shinichi Horii
Representative Director and President
(Code No. 4723 TSE 2nd Section)
Contact:
Hideshi Tachiyama Senior Executive Officer General Manager, Public Relations and Investor Relations Division
(TEL: 03-3405-9262)