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Other Disclosures3199Watahan & Co.,Ltd.Retail

“Hotel Keizan” and “Ryokyotei” Join the Watahan Group as Watahan Makes a Full-Scale Entry into the Tourism Business to Revitalize Southern Nagano

Watahan & Co.,Ltd. established its wholly owned subsidiary 綿半リゾート and acquired the operating business of Hotel Keizan. It has also acquired all shares of Ryokyotei and plans to integrate it into 綿半リゾート for future operation.

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Announced details

Hirugami Onsen Yurai-no-Yado Keizan (hot spring hotel)Ryokyotei (lodging facility)Tourism Business
Applicable field (uses covered by this announcement)

Lodging, hot springs and regional tourism promotion

Launch date1 June 2026 (綿半リゾート established and Hotel Keizan operating business acquired; completed). Ryokyotei aims to resume operations next spring (specific date unknown; planned).
Relationship between the counterparty and the company
Watahan & Co.,Ltd.3199
Relationship with the Company

The operating business of Hotel Keizan was acquired through a company split. All shares of 株式会社龍峡亭 were acquired, and the company plans to integrate it into 綿半リゾート for operation. 綿半リゾート is 100% owned by Watahan & Co.,Ltd.

Counterparty有限会社ホテル恵山株式会社龍峡亭

有限会社ホテル恵山 operates a lodging facility in the Hirugami Onsen area of Achi Village, Shimoina County, Nagano Prefecture. 株式会社龍峡亭 operates a lodging facility at Tenryukyo Onsen in Iida, Nagano Prefecture. Ryokyotei was closed at the time of the announcement.

Location (as indicated in this announcement)

407 Chisato, Achi Village, Shimoina County, Nagano Prefecture (株式会社綿半リゾート), Hirugami Onsen area, Achi Village, Shimoina County, Nagano Prefecture (Hotel Keizan), Tenryukyo Onsen, Iida, Nagano Prefecture (Ryokyotei)

In this announcement the company addresses none of Contract Value / Offering price / Impact on Business Performance.

Announced details
ItemDetails
Names of Products / Services CoveredHirugami Onsen Yurai-no-Yado Keizan (hot spring hotel), Ryokyotei (lodging facility), Tourism Business
Counterparty有限会社ホテル恵山, 株式会社龍峡亭
Counterparty overview有限会社ホテル恵山 operates a lodging facility in the Hirugami Onsen area of Achi Village, Shimoina County, Nagano Prefecture. 株式会社龍峡亭 operates a lodging facility at Tenryukyo Onsen in Iida, Nagano Prefecture. Ryokyotei was closed at the time of the announcement.
Relationship with the CompanyThe operating business of Hotel Keizan was acquired through a company split. All shares of 株式会社龍峡亭 were acquired, and the company plans to integrate it into 綿半リゾート for operation. 綿半リゾート is 100% owned by Watahan & Co.,Ltd.
Launch date1 June 2026 (綿半リゾート established and Hotel Keizan operating business acquired; completed). Ryokyotei aims to resume operations next spring (specific date unknown; planned).
Applicable areaLodging, hot springs and regional tourism promotion
Location407 Chisato, Achi Village, Shimoina County, Nagano Prefecture (株式会社綿半リゾート), Hirugami Onsen area, Achi Village, Shimoina County, Nagano Prefecture (Hotel Keizan), Tenryukyo Onsen, Iida, Nagano Prefecture (Ryokyotei)
Items this document does not state (11)
Contract ValueOffering priceContract DateAward/certification nameAwarding / certifying bodyRegistration number and expiry dateLocation scaleQuantitative EffectsUsage historyImpact on Business PerformanceSource

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.

Given the need to support the maintenance and strengthening of the local tourism infrastructure and business continuity, the company aims to ensure the continued operation of both facilities and revitalize tourism in southern Nagano. With a view to the future opening of the Chuo Shinkansen and growing inbound tourism demand, it also aims to enhance regional value and contribute to regional revitalization.

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“Hotel Keizan” and “Ryokyotei” Join the Watahan Group as Watahan Makes a Full-Scale Entry into the Tourism Business to Revitalize Southern Nagano | Watahan & Co.,Ltd. (3199) timely disclosure | Komori