Announced details
Hotels, commercial and hotel uses, and other applications
Sixth transaction in total, including transactions with group companies
The parties exchange information on an ongoing basis and have built a close relationship. Including transactions with group companies, this will be the sixth transaction in total. Following the acquisition, the Company plans to enter into a fixed-term land leasehold agreement.
A domestic listed company that owns hotels and will develop and own a new hotel on the acquired land as the tenant. Other information, including its location, representative, business activities, capital and year of establishment, is not disclosed.
Naka-ku, Nagoya (within walking distance of Sakae Station on the Nagoya Municipal Subway)
Total acquisition price of ¥2 billion or more (including acquisition-related expenses; amounts below ¥1 billion are rounded down for presentation)
The company does not address Offering price / Impact on Business Performance.
| Item | Details |
|---|---|
| Names of Products / Services Covered | Land to be leased to a hotel tenant (bare land) |
| Counterparty | Domestic listed company (name not disclosed) |
| Counterparty overview | A domestic listed company that owns hotels and will develop and own a new hotel on the acquired land as the tenant. Other information, including its location, representative, business activities, capital and year of establishment, is not disclosed. |
| Relationship with the Company | The parties exchange information on an ongoing basis and have built a close relationship. Including transactions with group companies, this will be the sixth transaction in total. Following the acquisition, the Company plans to enter into a fixed-term land leasehold agreement. |
| Contract Value | Total acquisition price of ¥2 billion or more (including acquisition-related expenses; amounts below ¥1 billion are rounded down for presentation) |
| Contract Date | Purchase and sale agreement date: 26 June 2026. The date of the fixed-term land leasehold agreement is not disclosed. |
| Launch date | Settlement and acquisition date: 16 July 2026 (scheduled) |
| Applicable area | Hotels, commercial and hotel uses, and other applications |
| Location | Naka-ku, Nagoya (within walking distance of Sakae Station on the Nagoya Municipal Subway) |
| Location scale | Land area: 580 m² |
| Usage history | Sixth transaction in total, including transactions with group companies |
Items this document does not state (7)
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.Amid the Tokyo Stock Exchange reforms encouraging management that is conscious of the cost of capital and share prices, as well as rising construction costs, listed companies are working to improve capital efficiency. The Company aims to expand its acquisition opportunities by responding to these changes.