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Management planning2970GLC GROUP,INC.Real estate

Notice of Change in Corporate Name and Commencement of a New Business (Hotel Business) at a Consolidated Subsidiary

The corporate name of the dormant wholly owned subsidiary will be changed to “GLC COMPASS Co., Ltd.”, and the company will commence a hotel business. Beginning with openings in Naha, Okinawa Prefecture, and Chuo-ku, Fukuoka City, the company will proceed with hotel development in phases.

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Items stated in the management plan

Medium-Term Management Plan (2026-2028)Plan period 2026-2028
Date of board resolution 26 March 2026 · Publication date 26 March 2026
Key initiatives
01Expansion of product offerings
Plan assumptionsNaha City, Okinawa Prefecture, where tourism demand is strong
Items stated in the management plan
ItemDetails
Plan nameMedium-Term Management Plan (2026-2028)
Plan period2026-2028
Plan assumptionsNaha City, Okinawa Prefecture, where tourism demand is strong
Key initiativesExpansion of product offerings
Date of board resolution26 March 2026
Publication date26 March 2026
Items this document does not state (19)
Progress against the planSales TargetOperating profit targetOperating profit margin targetNet income targetROE targetROIC targetPayout ratio / DOE policyTreasury share acquisition policyCost of capitalSelf-assessment of PBR and share priceTotal investment planInvestment amount by sectorSegment targetNon-financial targetsResults under the previous planReason for revision or withdrawalSize of the Target MarketRisks identified

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The reasons the company gives

The company's own explanation, not something inferred from the numbers.

To fully launch the hotel business as a new growth engine for the Group and pursue further enhancement of corporate value under the new management structure. The company will leverage its existing business resources and the expertise it has developed through condominium development to build a new revenue model.

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Notice of Change in Corporate Name and Commencement of a New Business (Hotel Business) at a Consolidated Subsidiary | GLC GROUP,INC. (2970) timely disclosure | Komori