Komori
Other Disclosures3498Kasumigaseki Capital Co.,Ltd.Real Estate

Notice Regarding the Acquisition and Sale of Real Estate for Sale (Land for Hotel Development)

The Company acquired and sold on the same day a hotel development site in Naka Ward, Nagoya, Aichi Prefecture, and moved the Nagoya Nishiki 3-chome Project into the development phase. Construction commencement, completion and opening are scheduled for a future date.

Worth reading
55In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Neutral
Direction inferred from the company’s description.
Scale
579.84
m² (site area)
Wording
Conditional
How definitive the wording is.

Announced details

Nagoya Nishiki 3-chome Project
Applicable field (uses covered by this announcement)

Hotel Development and Operations

Launch dateSummer 2029 (scheduled opening)
Relationship between the counterparty and the company
Kasumigaseki Capital Co.,Ltd.3498
Relationship with the Company

There are no capital or personnel relationships between the Company and the counterparty that require disclosure. Details of the business relationship will not be disclosed pursuant to the confidentiality agreement.

Location (as indicated in this announcement)

2004 and other lots, Nishiki 3-chome, Naka Ward, Nagoya, Aichi Prefecture

Site area: 579.84 m²; reinforced-concrete structure, 13 above-ground floors; total floor area: 3,706.48 m² (planned); 110 guest rooms (planned)
Impact on Business Performance

The sale has already been incorporated into the consolidated earnings forecast for the fiscal year ending August 2026. Revenue will be recognized when the performance obligation is satisfied, namely upon settlement of the sale.

The company does not address Contract Value / Offering price.

Announced details
ItemDetails
Names of Products / Services CoveredNagoya Nishiki 3-chome Project
Relationship with the CompanyThere are no capital or personnel relationships between the Company and the counterparty that require disclosure. Details of the business relationship will not be disclosed pursuant to the confidentiality agreement.
Launch dateSummer 2029 (scheduled opening)
Applicable areaHotel Development and Operations
Location2004 and other lots, Nishiki 3-chome, Naka Ward, Nagoya, Aichi Prefecture
Location scaleSite area: 579.84 m²; reinforced-concrete structure, 13 above-ground floors; total floor area: 3,706.48 m² (planned); 110 guest rooms (planned)
Impact on Business PerformanceThe sale has already been incorporated into the consolidated earnings forecast for the fiscal year ending August 2026. Revenue will be recognized when the performance obligation is satisfied, namely upon settlement of the sale.
Items this document does not state (11)
CounterpartyCounterparty overviewContract ValueOffering priceContract DateAward/certification nameAwarding / certifying bodyRegistration number and expiry dateQuantitative EffectsUsage historySource

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 will not disclose the counterparty or transaction price pursuant to its confidentiality agreement with the counterparty. The sale has already been incorporated into the consolidated earnings forecast for the fiscal year ending August 2026, and revenue will be recognized when the sale is settled.

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Notice Regarding the Acquisition and Sale of Real Estate for Sale (Land for Hotel Development) | Kasumigaseki Capital Co.,Ltd. (3498) timely disclosure | Komori