Closure of 3 hotels operated by the Company
GREENS CO.,LTD. (the Company)
Hotel Econo Higashi-Kanazawa (104 rooms, Kanazawa, Ishikawa), Comfort Hotel Toyama Ekimae (150 rooms, Toyama, Toyama), and Comfort Hotel Tsubame-Sanjo (132 rooms, Sanjo, Niigata)
Expiry of the building lease agreements for Hotel Econo Higashi-Kanazawa and Comfort Hotel Tsubame-Sanjo, and an agreement to terminate the building lease agreement for Comfort Hotel Toyama Ekimae
Current period
The impact on results for the current fiscal year is minor. No revision to the earnings forecast was disclosed.
Company response
Hotel Econo Higashi-Kanazawa will cease operations after checkout on 17 May 2027, Comfort Hotel Toyama Ekimae after checkout on 23 March 2027, and Comfort Hotel Tsubame-Sanjo after checkout on 21 June 2027.
The hotels will close on the dates stated above. If it becomes clear that this matter will have a material impact on results, the Company will disclose it promptly.
| Item | Details |
|---|---|
| Event name | Closure of 3 hotels operated by the Company |
| Date of occurrence | 13 November 2026 (closure approved by the Board of Directors) |
| Subject Entity | GREENS CO.,LTD. (the Company) |
| Target Locations / Products | Hotel Econo Higashi-Kanazawa (104 rooms, Kanazawa, Ishikawa), Comfort Hotel Toyama Ekimae (150 rooms, Toyama, Toyama), and Comfort Hotel Tsubame-Sanjo (132 rooms, Sanjo, Niigata) |
| Cause | Expiry of the building lease agreements for Hotel Econo Higashi-Kanazawa and Comfort Hotel Tsubame-Sanjo, and an agreement to terminate the building lease agreement for Comfort Hotel Toyama Ekimae |
| Accounting period in which recognized | Current period |
| Impact on Earnings Forecast | The impact on results for the current fiscal year is minor. No revision to the earnings forecast was disclosed. |
| Suspended operations | Hotel Econo Higashi-Kanazawa will cease operations after checkout on 17 May 2027, Comfort Hotel Toyama Ekimae after checkout on 23 March 2027, and Comfort Hotel Tsubame-Sanjo after checkout on 21 June 2027. |
| Outlook | The hotels will close on the dates stated above. If it becomes clear that this matter will have a material impact on results, the Company will disclose it promptly. |
| Planned follow-up disclosure | If it becomes clear that this matter will have a material impact on results, the Company will disclose it promptly. |
Items this document does not state (15)
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 reasons are the expiry of the building lease agreements for Hotel Econo Higashi-Kanazawa and Comfort Hotel Tsubame-Sanjo, and an agreement to terminate the building lease agreement for Comfort Hotel Toyama Ekimae.