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Business Alliances2970GLC GROUP,INC.Real Estate

Notice Regarding the Execution of a Franchise Agreement with SQUEEZE Co., Ltd. and the Scheduled Opening of “Minn Naha Miebashi”

GLC GROUP has entered into a franchise agreement with SQUEEZE Co., Ltd. to use the “Minn” brand and accommodation management systems, among other resources, and plans to open “Minn Naha Miebashi” in August 2026. Hotel operations will be handled by GLC COMPASS, a consolidated subsidiary.

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Agreements reached under this partnership

Business Alliances
2970GLC GROUP,INC.
Alliance partnerSQUEEZE Co., Ltd.
Details of the alliance
  1. 1

    Utilization of the “Minn” brand

  2. 2

    Introduction of advanced hotel operating infrastructure, including the cloud-based accommodation management system “suitebook”

  3. 3

    Utilization of an efficient and smart operating platform powered by technology provided by SQUEEZE Co., Ltd.

These are items that the documents state the two companies will work on. The lines above and below represent arrangements between the two companies.

About the partner
Business DescriptionProvision of cloud-based accommodation management systems, development and provision of accommodation operating platforms, planning and operation of hotels, and operational support through BPO services
LocationKitahiroshima, Hokkaido
Share capital¥388,310,520 (as of 12 June 2026)
Impact on Business Performance

The Company believes that this business will contribute to improving the performance of the Group over the medium to long term, but expects the impact on near-term results to be minor. If any fact arises that should be disclosed regarding the impact on future results, the Company will promptly announce it.

Contract Date22 June 2026Alliance start dateEarly August 2026 (予定)
Agreements reached under this partnership
ItemDetails
Name of alliance partnerSQUEEZE Co., Ltd.
Alliance partner's business activitiesProvision of cloud-based accommodation management systems, development and provision of accommodation operating platforms, planning and operation of hotels, and operational support through BPO services
Alliance partner's locationKitahiroshima, Hokkaido
Alliance partner's capital¥388,310,520 (as of 12 June 2026)
Type of allianceBusiness Alliances
Details of the allianceUtilization of the “Minn” brand, Introduction of advanced hotel operating infrastructure, including the cloud-based accommodation management system “suitebook”, Utilization of an efficient and smart operating platform powered by technology provided by SQUEEZE Co., Ltd.
Contract Date22 June 2026
Alliance start dateEarly August 2026 (予定)
Impact on Business PerformanceThe Company believes that this business will contribute to improving the performance of the Group over the medium to long term, but expects the impact on near-term results to be minor. If any fact arises that should be disclosed regarding the impact on future results, the Company will promptly announce it.
Items this document does not state (14)
Alliance partner's net salesAlliance partner's operating incomeNumber of shares acquiredAcquisition priceShareholding ratioOverview of the joint ventureOwnership ratioDispatch of directors and officersContract PeriodNumerical targets under the allianceShareholding PolicyDate of board resolutionShare Acquisition Date and Payment DateChange in major shareholders

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

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

The purpose is to launch the hotel business quickly and achieve sustainable, stable monetization by introducing SQUEEZE’s brand strength and hotel operating infrastructure, including its cloud-based accommodation management system, and rapidly establishing a strong customer-acquisition capability and efficient operating structure.

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Notice Regarding the Execution of a Franchise Agreement with SQUEEZE Co., Ltd. and the Scheduled Opening of “Minn Naha Miebashi” | GLC GROUP,INC. (2970) timely disclosure | Komori