Notice Concerning the Mutual Termination of a Hotel Opening Agreement and the Recognition of Extraordinary Income
株式会社イントランス, Tokyu Land Corporation (contracting parties)
Hotel scheduled to open in Sapporo, Hokkaido (the hotel)
The parties had been discussing the execution of a hotel lease agreement, but ultimately failed to agree on terms, and Tokyu Land Corporation requested termination by agreement.
Expected to recognize ¥400 million as extraordinary income
Second-quarter consolidated accounting period of the fiscal year ending March 2027 (1 July 2026 to 30 September 2026)
This has not been reflected in the consolidated earnings forecast for the fiscal year ending March 2027. The company will not revise its earnings forecast at this time. It will promptly provide notice if an event affecting earnings becomes clear. If the business plan for the fiscal year ending March 2028 or later is revised, the company plans to update the relevant materials and disclose the changes.
In its hotel operations business, the company is promoting the development of urban apartment hotels and investment in regional revitalization hotels, with the aim of expanding the number of hotels under operation and earnings by securing operating rights for new hotels and pursuing M&A and other initiatives. Future earnings are under review.
The company will promptly provide notice if an event affecting earnings becomes clear. If the business plan for the fiscal year ending March 2028 or later is revised, it plans to update the relevant materials and disclose the changes.
| Item | Details |
|---|---|
| Event name | Notice Concerning the Mutual Termination of a Hotel Opening Agreement and the Recognition of Extraordinary Income |
| Date of occurrence | 9 September 2026 |
| Subject Entity | 株式会社イントランス, Tokyu Land Corporation (contracting parties) |
| Target Locations / Products | Hotel scheduled to open in Sapporo, Hokkaido (the hotel) |
| Cause | The parties had been discussing the execution of a hotel lease agreement, but ultimately failed to agree on terms, and Tokyu Land Corporation requested termination by agreement. |
| Amount of Impact on Business Performance | Expected to recognize ¥400 million as extraordinary income |
| Accounting period in which recognized | Second-quarter consolidated accounting period of the fiscal year ending March 2027 (1 July 2026 to 30 September 2026) |
| Impact on Earnings Forecast | This has not been reflected in the consolidated earnings forecast for the fiscal year ending March 2027. The company will not revise its earnings forecast at this time. It will promptly provide notice if an event affecting earnings becomes clear. If the business plan for the fiscal year ending March 2028 or later is revised, the company plans to update the relevant materials and disclose the changes. |
| Outlook | In its hotel operations business, the company is promoting the development of urban apartment hotels and investment in regional revitalization hotels, with the aim of expanding the number of hotels under operation and earnings by securing operating rights for new hotels and pursuing M&A and other initiatives. Future earnings are under review. |
| Planned follow-up disclosure | The company will promptly provide notice if an event affecting earnings becomes clear. If the business plan for the fiscal year ending March 2028 or later is revised, it plans to update the relevant materials and disclose the changes. |
Items this document does not state (15)
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 parties had been discussing the execution of a hotel lease agreement, but ultimately failed to agree on terms, and Tokyu Land Corporation requested termination by agreement.