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Other Disclosures3010Polaris Holdings Co.,Ltd.Information and Communications, Services and Others

Notice Regarding the Execution of a Fixed-Term Building Lease Reservation Agreement for a Hotel Property in Taito-ku, Tokyo

A reservation agreement was executed for the commencement of a lease after completion of a hotel in Taito-ku, Tokyo. The hotel, to be operated under the provisional name “KOKO HOTEL Residence Ueno-Shinokachimachi IV,” is scheduled to commence operations in January 2029.

Worth reading
61In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Improvement
Direction inferred from the company’s description.
Scale
65
Rooms (planned)
Wording
Conditional
How definitive the wording is.

Announced details

KOKO HOTEL Residence Ueno-Shinokachimachi IV (provisional name) / hotel operating services
Applicable field (uses covered by this announcement)

Hotel operations and apartment-style accommodation facilities

Launch dateJanuary 2029 (planned, commencement of hotel operations) / November 2028 (planned, commencement of the lease under the relevant lease agreement)
Contract Date15 April 2026 (reservation agreement for a fixed-term building lease)
Relationship between the counterparty and the company
Polaris Holdings Co.,Ltd.3010
Relationship with the Company

Neither company has any material capital, personnel or business relationship with the Company, and neither qualifies as a related party of the Company.

Counterparty株式会社インヴァランス丸紅都市開発株式会社

2-1-1 Yoyogi, Shibuya-ku, Tokyo. Representative Director: Moto'oka Hiroki (元岡宙樹). Asset management and consulting, real estate sales and brokerage, development, rental management, building management, and other services. Established in May 2004., 2-2-3 Toranomon, Minato-ku, Tokyo. Representative Director: Kuramoto Kiyoto (藏本清登). Real estate sales, exchange, leasing, management and brokerage, and other services. Established on 29 January 2025 (business transferred from the predecessor company).

Location (as indicated in this announcement)

1-47-2 Motoasakusa, Taito-ku, Tokyo

65 rooms (planned); 20-year contract term
Impact on Business Performance

The transaction will have no impact on consolidated results for the current fiscal year. Hotel operations are scheduled to commence around January 2029.

The company does not address Contract Value / Offering price.

Announced details
ItemDetails
Names of Products / Services CoveredKOKO HOTEL Residence Ueno-Shinokachimachi IV (provisional name) / hotel operating services
Counterparty株式会社インヴァランス, 丸紅都市開発株式会社
Counterparty overview2-1-1 Yoyogi, Shibuya-ku, Tokyo. Representative Director: Moto'oka Hiroki (元岡宙樹). Asset management and consulting, real estate sales and brokerage, development, rental management, building management, and other services. Established in May 2004., 2-2-3 Toranomon, Minato-ku, Tokyo. Representative Director: Kuramoto Kiyoto (藏本清登). Real estate sales, exchange, leasing, management and brokerage, and other services. Established on 29 January 2025 (business transferred from the predecessor company).
Relationship with the CompanyNeither company has any material capital, personnel or business relationship with the Company, and neither qualifies as a related party of the Company.
Contract Date15 April 2026 (reservation agreement for a fixed-term building lease)
Launch dateJanuary 2029 (planned, commencement of hotel operations) / November 2028 (planned, commencement of the lease under the relevant lease agreement)
Applicable areaHotel operations and apartment-style accommodation facilities
Location1-47-2 Motoasakusa, Taito-ku, Tokyo
Location scale65 rooms (planned); 20-year contract term
Impact on Business PerformanceThe transaction will have no impact on consolidated results for the current fiscal year. Hotel operations are scheduled to commence around January 2029.
Items this document does not state (8)
Contract ValueOffering priceAward/certification nameAwarding / certifying bodyRegistration number and expiry dateQuantitative EffectsUsage historySource

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.

To expand the hotel operating platform, pursue greater efficiency and economies of scale by operating multiple hotels in the same area, expand the portfolio, and increase awareness of the Company’s proprietary “KOKO HOTELS” brand.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Notice Regarding the Execution of a Fixed-Term Building Lease Reservation Agreement for a Hotel Property in Taito-ku, Tokyo | Polaris Holdings Co.,Ltd. (3010) timely disclosure | Komori