Expansion of the alcoholic beverages business and new business through the development of a resort facility on an uninhabited island in Shodoshima
First written in FY2024-Q3. 1 of 3 entries say "Advanced", first in FY2024. Latest entry: FY2025.
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- FY2025ReframedAnnual report
「After comprehensively considering that the gain on the transfer, including the capital gain, would make a substantially greater contribution to enhancing corporate value than the income gain obtainable from holding the assets subject to the transfer over the medium to long term, among other factors, we decided to proceed with the transfer.」
The policy of using the Shodoshima land for the resort development and alcoholic beverages businesses was restructured into consideration of an asset transfer and reinvestment, comparing income from continued ownership with the gain on sale. The planned transfer date is 30 June 2026. - FY2024AdvancedAnnual report
「The counterparty will surrender the Land and transfer ownership of the Buildings and perform other related actions as of 31 March 2026, and Axas will pay the counterparty a relocation payment.」
The settlement of the lawsuit seeking the surrender of land and buildings on Shodoshima established the surrender and related actions as of 31 March 2026, and gave concrete form to plans to develop a resort facility and consider alcoholic beverages and other new businesses. - FY2024-Q3First statedAnnual report
「Following this settlement, it became possible to develop a resort facility on the Land offering activities that make use of unprecedented ways to spend time and extraordinary settings. We will consider further developing our alcoholic beverages business and developing new businesses related to resort facilities. For these new businesses, we are considering development in collaboration with multiple operators specializing in resort development. We will promptly announce the details once the business outline has been determined.」
Following the settlement concerning the uninhabited island in Shodoshima, the Company stated for the first time its policy of considering the development of a resort facility, including activities, the expansion of its alcoholic beverages business, and the development of new resort-related businesses. Collaboration with multiple specialized operators is also under consideration.