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Business Alliances3010Polaris Holdings Co.,Ltd.Information and Communications, Services and Others

Notice Regarding the Execution of a Memorandum of Understanding Toward Entering into a Lease Agreement for a Hotel Property in Izumisano City, Osaka Prefecture

For a hotel scheduled to be built in Izumisano, Osaka Prefecture, we entered into a memorandum of understanding toward concluding a lease agreement in the future. The hotel will operate under the “KOKO HOTEL” brand and is scheduled to commence operations in October 2029.

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Agreements reached under this partnership

3010Polaris Holdings Co.,Ltd.
Alliance partner株式会社 AQUA RESORT
About the partner
Business DescriptionReal Estate Business
LocationHachioji, Tokyo
Share capital¥90 million
Impact on Business Performance

The execution of this memorandum of understanding will have no impact on consolidated results for the current fiscal year.

Contract Date28 August 2026Alliance start dateOctober 2029 (planned)Contract PeriodA long-term lease agreement with fully variable rent is planned
Agreements reached under this partnership
ItemDetails
Name of alliance partner株式会社 AQUA RESORT
Alliance partner's business activitiesReal Estate Business
Alliance partner's locationHachioji, Tokyo
Alliance partner's capital¥90 million
Contract PeriodA long-term lease agreement with fully variable rent is planned
Contract Date28 August 2026
Alliance start dateOctober 2029 (planned)
Impact on Business PerformanceThe execution of this memorandum of understanding will have no impact on consolidated results for the current fiscal year.
Items this document does not state (15)
Alliance partner's net salesAlliance partner's operating incomeType of allianceDetails of the allianceNumber of shares acquiredAcquisition priceShareholding ratioOverview of the joint ventureOwnership ratioDispatch of directors and officersNumerical 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 Group is strengthening its efforts to secure hotel operation contracts in order to expand its hotel operations platform. The Group also cited the evaluation of its track record and growth potential in hotel operations, as well as the property’s proximity to Kansai International Airport and the broad accommodation demand it is expected to attract.

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Notice Regarding the Execution of a Memorandum of Understanding Toward Entering into a Lease Agreement for a Hotel Property in Izumisano City, Osaka Prefecture | Polaris Holdings Co.,Ltd. (3010) timely disclosure | Komori