Komori
Management planning4776Cybozu,Inc.Information and Communications, Services and Others

Notice Regarding the Commencement of a Full-Scale Study into Arena Construction in Ehime Prefecture

The Board of Directors resolved to begin full-scale consideration of arena construction in Ehime Prefecture, based on the results of its study and a draft basic concept. However, no decision has yet been made on whether to proceed with construction or on the amount to be borne by the Company.

Worth reading
23Immaterial
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
110
¥100 million (estimated construction costs of approximately ¥10.5 billion plus equipment costs of approximately ¥500 million)
Wording
Avoiding a definitive answer
How definitive the wording is.

Items stated in the management plan

Date of board resolution30 April 2026
Publication date30 April 2026

This document does not state the plan name, plan period, or numerical targets.

Total investment planAmount Approximately ¥11.0 billion / Breakdown Construction costs of approximately ¥10.5 billion and equipment costs of approximately ¥500 million. However, the total could increase to approximately ¥15 billion.
Investment amount by sectorField Construction costs / Amount Approximately ¥10.5 billion, Field Equipment costs / Amount Approximately ¥500 million
Plan assumptionsAssume construction costs of ¥10.5 billion and equipment costs of ¥500 million, depreciated over 30 years and 10 years, respectively, Carry out regular repairs and renewal investments, Operate the arena as a privately financed and privately operated facility, bearing all construction and operating costs and paying related taxes, including fixed asset tax and real estate acquisition tax, Lease the land and pay rent, Record revenue from usage fees for events such as B.League games and music events, as well as revenue from naming rights, food and beverage sales, merchandise sales and other sources, Assume 91 weekdays per year with a utilization rate of approximately 37%, and 84 weekend and public holidays with a utilization rate of approximately 70%
Non-financial targetsIndicator name Seating capacity / Target value At least 5,000 people / Timing Not disclosed, Indicator name Land area / Target value Preferably at least 10,000 m² / Timing Not disclosed
Risks identified by the company
Construction costs could increase to approximately ¥15 billion due to further rises in resource prices, inflation and other factors
Other assumptions underlying the simulations may also change as consideration progresses
If the Company determines that recovery of the investment cannot be expected, it may conclude not to proceed with construction
Reason for revision or withdrawal

The Company has conducted inspections of arenas in various locations and proceeded with studies of the business model, candidate sites and other matters while drawing on the expertise of specialized contractors. As a result of this work, a draft basic concept has now been completed, and the Company has decided to begin full-scale consideration based on it.

Items stated in the management plan
ItemDetails
Total investment planAmount Approximately ¥11.0 billion / Breakdown Construction costs of approximately ¥10.5 billion and equipment costs of approximately ¥500 million. However, the total could increase to approximately ¥15 billion.
Investment amount by sectorField Construction costs / Amount Approximately ¥10.5 billion, Field Equipment costs / Amount Approximately ¥500 million
Non-financial targetsIndicator name Seating capacity / Target value At least 5,000 people / Timing Not disclosed, Indicator name Land area / Target value Preferably at least 10,000 m² / Timing Not disclosed
Plan assumptionsAssume construction costs of ¥10.5 billion and equipment costs of ¥500 million, depreciated over 30 years and 10 years, respectively, Carry out regular repairs and renewal investments, Operate the arena as a privately financed and privately operated facility, bearing all construction and operating costs and paying related taxes, including fixed asset tax and real estate acquisition tax, Lease the land and pay rent, Record revenue from usage fees for events such as B.League games and music events, as well as revenue from naming rights, food and beverage sales, merchandise sales and other sources, Assume 91 weekdays per year with a utilization rate of approximately 37%, and 84 weekend and public holidays with a utilization rate of approximately 70%
Reason for revision or withdrawalThe Company has conducted inspections of arenas in various locations and proceeded with studies of the business model, candidate sites and other matters while drawing on the expertise of specialized contractors. As a result of this work, a draft basic concept has now been completed, and the Company has decided to begin full-scale consideration based on it.
Risks identifiedConstruction costs could increase to approximately ¥15 billion due to further rises in resource prices, inflation and other factors, Other assumptions underlying the simulations may also change as consideration progresses, If the Company determines that recovery of the investment cannot be expected, it may conclude not to proceed with construction
Date of board resolution30 April 2026
Publication date30 April 2026
Items this document does not state (17)
Plan namePlan periodProgress against the planSales TargetOperating profit targetOperating profit margin targetNet income targetROE targetROIC targetPayout ratio / DOE policyTreasury share acquisition policyCost of capitalSelf-assessment of PBR and share priceSegment targetKey initiativesResults under the previous planSize of the Target Market

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 study, which incorporated inspections of arenas in various locations and the expertise of specialized contractors, resulted in a draft basic concept covering the business model and candidate sites. The Company also aims to promote regional revitalization and regional digital transformation and contribute to community development over the medium to long term.

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Notice Regarding the Commencement of a Full-Scale Study into Arena Construction in Ehime Prefecture | Cybozu,Inc. (4776) timely disclosure | Komori