Announced details
Hotel development and operations, tourism, regional revitalization
The transaction was conducted by fav hospitality group株式会社 (FHG), a consolidated subsidiary of the company. There are no capital or personnel relationships requiring disclosure between the company or FHG and the counterparty.
Chuo-ku, Sapporo, Hokkaido
The sale of the land is already included in the consolidated earnings forecast for the fiscal year ending August 2026. Revenue will be recognized when the performance obligation is satisfied, at the time of settlement of the sale.
The company does not address Contract Value / Offering price.
| Item | Details |
|---|---|
| Names of Products / Services Covered | FAV LUX, fav, edit x seven, seven x seven, BASE LAYER HOTEL |
| Relationship with the Company | The transaction was conducted by fav hospitality group株式会社 (FHG), a consolidated subsidiary of the company. There are no capital or personnel relationships requiring disclosure between the company or FHG and the counterparty. |
| Applicable area | Hotel development and operations, tourism, regional revitalization |
| Location | Chuo-ku, Sapporo, Hokkaido |
| Location scale | Site area: approximately 480㎡; total floor area: approximately 3,500㎡ |
| Impact on Business Performance | The sale of the land is already included in the consolidated earnings forecast for the fiscal year ending August 2026. Revenue will be recognized when the performance obligation is satisfied, at the time of settlement of the sale. |
Items this document does not state (12)
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 company is developing hotels to help establish Japan as a tourism-oriented nation and contribute to regional revitalization. Since the building is an existing business hotel in a prime city-center location where demand is expected, the company plans to renovate and rebrand it.