Announced details
Hotel operations; business and tourism base
The Company already operates 5 hotels in Fukuoka City. This property will be its 6th hotel.
The Company has no direct capital relationship with the counterparty. However, the counterparty has entrusted asset management to Star Asia Investment Management Co., Ltd., which belongs to the Star Asia Group, the Company’s parent group. 5 directors from the Star Asia Group serve as directors of the Company. The Company has entered into a comprehensive support agreement with the counterparty covering hotel operations and other matters. The counterparty does not qualify as a related party of the Company.
Atago Green Hills Mori Tower, 18th Floor, 2-5-1 Atago, Minato-ku, Tokyo. Representative: Executive Officer Kato Atsushi (加藤篤志). Business: real estate investment. Total contributed capital: ¥105,443,555 thousand (as of 31 July 2026). Date established: 1 December 2015.
Chuo-ku, Fukuoka City, Fukuoka Prefecture
not disclosed (the total amount of fixed and variable rent is not disclosed because it is difficult to make a reasonable forecast)
The impact of this matter on consolidated results for the current fiscal year is expected to be immaterial.
The company does not address Offering price.
| Item | Details |
|---|---|
| Names of Products / Services Covered | KOKO HOTEL Fukuoka Tenjin-minami Annex, KOKO HOTEL, KOKO HOTELS |
| Counterparty | Star Asia Investment Corporation |
| Counterparty overview | Atago Green Hills Mori Tower, 18th Floor, 2-5-1 Atago, Minato-ku, Tokyo. Representative: Executive Officer Kato Atsushi (加藤篤志). Business: real estate investment. Total contributed capital: ¥105,443,555 thousand (as of 31 July 2026). Date established: 1 December 2015. |
| Relationship with the Company | The Company has no direct capital relationship with the counterparty. However, the counterparty has entrusted asset management to Star Asia Investment Management Co., Ltd., which belongs to the Star Asia Group, the Company’s parent group. 5 directors from the Star Asia Group serve as directors of the Company. The Company has entered into a comprehensive support agreement with the counterparty covering hotel operations and other matters. The counterparty does not qualify as a related party of the Company. |
| Contract Value | not disclosed (the total amount of fixed and variable rent is not disclosed because it is difficult to make a reasonable forecast) |
| Contract Date | 29 October 2026 |
| Launch date | Hotel operations are scheduled to begin in April 2027. The lease agreement is scheduled to commence in March 2027. |
| Applicable area | Hotel operations; business and tourism base |
| Location | Chuo-ku, Fukuoka City, Fukuoka Prefecture |
| Location scale | 117 guest rooms |
| Usage history | The Company already operates 5 hotels in Fukuoka City. This property will be its 6th hotel. |
| Impact on Business Performance | The impact of this matter on consolidated results for the current fiscal year is expected to be immaterial. |
Items this document does not state (6)
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.Expansion of the hotel operating platform under the Medium-Term Management Plan 2030. By operating multiple hotels in the same area, the Company aims to improve operating efficiency, pursue economies of scale and increase awareness of its proprietary “KOKO HOTELS” brand.