Completion of Phase 1 of the Nihombashi Kabutocho Revitalization Project
First written in FY2017-Q1. 14 of 24 entries say "Advanced", first in FY2017. Latest entry: FY2026.
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- FY2026AdvancedAnnual report
「During the consolidated fiscal year, we worked to advance the Sapporo redevelopment project, generate hotel revenue from Caption by Hyatt Kabutocho Tokyo (Chuo-ku, Tokyo) and Mercure Tokyo Hibiya (Chiyoda-ku, Tokyo), both of which opened during the fiscal year, and achieve organic growth through rent increases and revisions.」
Caption by Hyatt Kabutocho Tokyo, one of the facilities comprising the Nihonbashi Kabutocho and Kayabacho revitalization project, opened, contributing to annual hotel revenue. This does not indicate completion of the entire Phase 1 project. - FY2026-H1AdvancedAnnual report
「This was due to increases of ¥9.379 billion in property, plant and equipment and ¥7.391 billion in investment securities, mainly reflecting payments of participating association member contributions for the Kita 4 Nishi 3 District Type 1 Urban Redevelopment Project (Sapporo, Hokkaido) and construction costs for Caption by Hyatt Kabutocho Tokyo (Chuo-ku, Tokyo), despite a ¥3.806 billion decrease in securities and other factors.」
Payments for construction costs for Caption by Hyatt Kabutocho Tokyo, related to the revitalization of Nihonbashi Kabutocho and Kayabacho, continued, while payments of participating association member contributions for the Sapporo Kita 4 Nishi 3 District project also progressed. Property, plant and equipment increased by ¥9.379 billion. - FY2024AdvancedAnnual report
「By introducing a new function through the opening of Caption by Hyatt Kabutocho Tokyo, Hyatt’s first hotel in Tokyo, we will create synergies among the various functions of the area.」
For Caption by Hyatt Kabutocho Tokyo, construction-cost payments progressed, with construction scheduled for completion in June 2025. The opening of the hotel, Hyatt’s first in Tokyo, will introduce a new function to the area. - FY2024-Q2AdvancedAnnual report
「This was due to increases of ¥2.708 billion in cash and deposits and ¥2.361 billion in property, plant and equipment, mainly reflecting payments for construction costs for Caption by Hyatt Kabutocho Tokyo (Chuo-ku, Tokyo), despite a ¥3.119 billion decrease in real estate held for sale and other factors.」
Payments for construction costs for Caption by Hyatt Kabutocho Tokyo, part of the revitalization of Nihonbashi Kabutocho and Kayabacho, progressed, increasing property, plant and equipment by ¥2.361 billion. - FY2023AdvancedAnnual report
「Through the completion of KABUTO ONE and KITOKI and the start of construction on Caption by Hyatt Kabutocho Tokyo, we will give tangible form to our urban development initiatives. We will also work to create vibrancy throughout the target area and contribute to the “Tokyo: An International Financial City” initiative, thereby promoting sustainable and diverse urban development.」
Regarding the revitalization of Nihonbashi Kabutocho and Kayabacho, KITOKI was completed following KABUTO ONE, and construction of Caption by Hyatt Kabutocho Tokyo has begun. - FY2022AdvancedAnnual report
「Through the opening of KABUTO ONE, completion of KITOKI, and commercialization of the tentatively named Kabutocho 12 Project, we will give tangible form to our urban development initiatives. We will also work to create vibrancy throughout the target area and contribute to the “Tokyo: An International Financial City” initiative, thereby promoting sustainable and diverse urban development.」
Regarding the revitalization of Nihonbashi Kabutocho and Kayabacho, the opening of KABUTO ONE, completion of KITOKI, and commercialization of the Kabutocho 12 Project were presented as specific progress. - FY2022-Q3AdvancedAnnual report
「Rental revenue in the Building Business amounted to ¥18.309 billion, an increase of ¥1.376 billion, or 8.1%, year on year, due to contributions from the rental revenue of Kabutocho Heiwa Building No. 7 in Chuo-ku, Tokyo, Shimbashi Square Building in Minato-ku, Tokyo, and Heiwa Real Estate Nihombashi Building in Chuo-ku, Tokyo, which were acquired in the previous fiscal year, Kabutocho Heiwa Dia Building in Chuo-ku, Tokyo, which was acquired during the current fiscal year, and KABUTO ONE in Chuo-ku, Tokyo, which opened during the current fiscal year.」
KABUTO ONE, the first project of the Nihombashi Kabutocho and Kayabacho Revitalization Project, opened during the current fiscal year, and its contribution to rental revenue was confirmed. - FY2022-Q2AdvancedAnnual report
「This was due to a decrease of ¥20.025 billion in real estate held for sale and other factors, offset by a ¥9.194 billion increase in property, plant and equipment resulting from payments of construction costs for KABUTO ONE in Chuo-ku, Tokyo and the acquisition of Kabutocho Heiwa Dia Building in Chuo-ku, Tokyo, as well as a ¥3.574 billion increase in investment securities, among other factors.」
In connection with the revitalization of Nihombashi Kabutocho and Kayabacho, payments for KABUTO ONE’s construction costs progressed and the Company acquired Kabutocho Heiwa Dia Building. Property, plant and equipment increased by ¥9.194 billion. - FY2022-Q1AdvancedAnnual report
「This was due to a decrease of ¥23.748 billion in real estate held for sale and other factors, offset by an increase of ¥2.189 billion in property, plant and equipment resulting from payments of construction costs for KABUTO ONE in Chuo-ku, Tokyo, as well as increases of ¥3.162 billion in cash and deposits and ¥3.344 billion in investment securities, among other factors.」
Payments for KABUTO ONE’s construction costs progressed, resulting in a ¥2.189 billion increase in property, plant and equipment. Construction progress on the Phase I redevelopment project is shown numerically. - FY2021-Q2AdvancedAnnual report
「This was due to a decrease of ¥9.988 billion in securities and other factors, offset by increases of ¥15.288 billion in property, plant and equipment and ¥2.010 billion in intangible assets resulting from the acquisition of Kabutocho Heiwa Building No. 7 in Chuo-ku, Tokyo, Shimbashi Square Building in Minato-ku, Tokyo, and payments of construction costs for KABUTO ONE in Chuo-ku, Tokyo, as well as increases of ¥6.407 billion in investment securities and ¥4.231 billion in cash and deposits, among other factors.」
In connection with the revitalization of Nihombashi Kabutocho and Kayabacho, the Company acquired Kabutocho Heiwa Building No. 7 and Shimbashi Square Building, and also made progress on payments for KABUTO ONE’s construction costs. - FY2021-Q1AdvancedAnnual report
「This was due to a decrease of ¥11.988 billion in securities and other factors, offset by an increase of ¥10.565 billion in property, plant and equipment resulting from the acquisition of Kabutocho Heiwa Building No. 7 in Chuo-ku, Tokyo, and payments of construction costs for KABUTO ONE in Chuo-ku, Tokyo, as well as increases of ¥4.288 billion in cash and deposits and ¥2.742 billion in investment securities, among other factors.」
In connection with the Nihombashi Kabutocho and Kayabacho Revitalization Project, the Company acquired Kabutocho Heiwa Building No. 7 and made progress on payments for KABUTO ONE’s construction costs. - FY2020AdvancedAnnual report
「As a result, the Company successfully commercialized KABUTO ONE, the first project of the Nihombashi Kabutocho and Kayabacho Revitalization Project, while also achieving strong results in external and internal growth.」
The Company explicitly states that it successfully commercialized KABUTO ONE, the first project of the Phase I redevelopment. - FY2020-Q1RestatedAnnual report
「The Long-Term Management Plan Phase II, covering fiscal 2017 through fiscal 2019, represents a new stage in which the redevelopment of Nihombashi Kabutocho and Kayabacho will be fully launched.」
The explanation that Phase II represents the stage at which the redevelopment of Nihombashi Kabutocho and Kayabacho will be fully launched is presented again. - FY2019-Q3RestatedAnnual report
「In recognition of these initiatives, the provisional Nihombashi Kabutocho District 7 Development Plan, which constitutes the Phase I project, has been approved as a National Strategic Urban Planning and Development Project in the Tokyo Area National Strategic Special Zone.」
The approval of the Phase I project as a National Strategic Urban Planning and Development Project and the policy of continuing redevelopment over the medium to long term are presented again. - FY2019-Q2RestatedAnnual report
「The Company will fully launch and steadily advance the projects comprising Phase I: the provisional Nihombashi Kabutocho District 7 Development Plan and the provisional Nihombashi Kayabacho 1-6 District Development Plan.」
The Phase I project areas and the policy of fully launching and steadily advancing the projects are presented again. - FY2019-Q1AdvancedAnnual report
「In recognition of these initiatives, the provisional Nihombashi Kabutocho District 7 Development Plan, which constitutes the Phase I project, has been approved as a National Strategic Urban Planning and Development Project in the Tokyo Area National Strategic Special Zone.」
The Nihombashi Kabutocho District 7 Development Plan, part of the Phase I project, was approved as a National Strategic Urban Planning and Development Project in the Tokyo Area National Strategic Special Zone. - FY2018-Q3RestatedAnnual report
「Having focused on Nihombashi Kabutocho since its founding, the Company formulated the “Nihombashi Kabutocho Urban Development Vision” and will work with local residents to propose and pursue urban development suited to Kabutocho. On that basis, it aims to complete the Phase I project in approximately 5 years.」
The plan to revitalize Nihombashi Kabutocho in collaboration with the local community and the target of completing the Phase I project in approximately 5 years are presented again. - FY2018-Q2RestatedAnnual report
「Having focused on Nihombashi Kabutocho since its founding, the Company formulated the “Nihombashi Kabutocho Urban Development Vision” and will work with local residents to propose and pursue urban development suited to Kabutocho. On that basis, it aims to complete the Phase I project in approximately 5 years.」
The plan to revitalize Nihombashi Kabutocho in collaboration with the local community and the target of completing the Phase I project in approximately 5 years are presented again. - FY2018-Q1RestatedAnnual report
「Having focused on Nihombashi Kabutocho since its founding, the Company formulated the “Nihombashi Kabutocho Urban Development Vision” and will work with local residents to propose and pursue urban development suited to Kabutocho. On that basis, it aims to complete the Phase I project in approximately 5 years.」
The plan to revitalize Nihombashi Kabutocho in collaboration with the local community and the target of completing the Phase I project in approximately 5 years are presented again. - FY2017AdvancedAnnual report
「The Company will fully launch and steadily advance the projects comprising Phase I: the provisional Nihombashi Kabutocho District 7 Development Plan and the provisional Nihombashi Kayabacho 1-6 District Development Plan.」
The Phase I project areas were identified as Nihombashi Kabutocho District 7 and Nihombashi Kayabacho 1-6 District, and the projects moved into full-scale launch. Completion has not yet been achieved. - FY2017-Q2RestatedAnnual report
「Having focused on Nihombashi Kabutocho since its founding, the Company formulated the “Nihombashi Kabutocho Urban Development Vision” and will work with local residents to propose and pursue urban development suited to Kabutocho. On that basis, it aims to complete the Phase I project in approximately 5 years.」
The plan to revitalize Nihombashi Kabutocho in collaboration with the local community and the target of completing the Phase I project in approximately 5 years are presented again. - FY2017-Q1First statedAnnual report
「Having focused on Nihombashi Kabutocho since its founding, the Company formulated the “Nihombashi Kabutocho Urban Development Vision” and will work with local residents to propose and pursue urban development suited to Kabutocho. On that basis, it aims to complete the Phase I project in approximately 5 years.」
The Company has set a target of completing Phase I of the Nihombashi Kabutocho Revitalization Project in approximately 5 years, based on urban development pursued in collaboration with the local community.