Nationwide Hotel Development Targeting Inbound Demand

「Major development land acquired in the fiscal year ending March 2026 Asset type Location Hotel Furano, Hokkaido Hotel Hakodate, Hokkaido」

「During the interim consolidated accounting period, tenant turnover at commercial facilities, the full-scale operation of tonarie Kitahiroshima and Es Con Field HOKKAIDO Hotel Kitahiroshima Station Front (Kitahiroshima, Hokkaido; opened in March 2025), and newly acquired and operational properties, including the income-producing real estate of 株式会社芝リアルエステート, whose all shares were acquired on 1 April 2025, contributed to earnings.」

「The commercial facility tonarie Kitahiroshima opened for business on 15 March 2025 on the first through third floors of the “Mixed-Use Community Exchange Hub Facility,” while the Es Con Field HOKKAIDO Hotel Kitahiroshima Station Front opened on the fourth floor and above on 28 March of the same year.」

「We developed seven x seven Itoshima (セブン バイ セブン糸島), which grand-opened in April 2024 on the Itoshima Peninsula at the western end of Fukuoka City. All 47 rooms offer ocean views and private terraces. We also developed a hotel with 11 room types accommodating up to 8 guests to meet diverse customer needs, with facilities including rooftop terraces, private jacuzzis and BBQ grills, as well as Japanese-Western rooms and rooms where guests can stay with pets, and sold it in the first quarter.」

「In November 2023, we acquired development land across a walkway from the outfield stands of the new stadium for the purpose of developing a luxury hotel. We plan to develop a hotel that makes maximum use of the site's location to capture demand from visitors to F Village and tourists visiting Hokkaido.」

「Of this development project, the commercial facilities and hotel will comprise a 14-story building above ground, and the commercial facilities occupying the first through third floors have been named "tonarie Kitahiroshima." "tonarie Kitahiroshima" is scheduled to open in March 2025,」

「The building is scheduled for completion in spring 2024, with occupancy scheduled to begin in June of the same year.」

「We are developing the Station Front Plaza directly in front of Kitahiroshima Station, a Complex Exchange Hub comprising commercial facilities and a hotel, an Indoor and Outdoor Multi-Level Plaza and Park, and a Residential and Exchange Facility. Of this site's development projects, the commercial facilities and other components are targeted for completion in fiscal 2024, and development around the station is steadily progressing.」

「In June 2022, we acquired development land with 株式会社LANDICホテル＆リゾート on the Itoshima Peninsula at the western end of Fukuoka Prefecture and began development of our first resort hotel.」

「In recent years, we have promoted our hotel development business and completed sales of 15 of 17 projects. For the 2 ongoing projects, the Fukuoka City project, which opened in March 2020, and the Osaka City project, scheduled to open in January 2021, persistently low occupancy rates and the difficulty of forecasting when they will recover may result in delays in sales and lower selling prices.」

「Based on the Hokkaido Branch scheduled to open in July 2020, the Company plans to participate in community development by undertaking various real estate developments, including hotels, on approximately 9,400 square meters of land adjacent to the stadium in this area.」

「In its hotel development business targeting inbound demand, the Company completed the sale of 2 projects developed in Chuo Ward, Osaka City.」

「The Company is also focusing on hotel development targeting inbound demand. During the fiscal year, it advanced 12 projects in Tokyo, Osaka, Kanazawa and Fukuoka. 8 projects in Chuo Ward, Osaka City, Chiyoda Ward, Tokyo, and Kanazawa, Ishikawa Prefecture, opened, sales and purchase agreements were newly signed for 7 projects, and sales were completed for 7 projects.」

「The Company is also focusing on hotel development targeting inbound demand and is advancing 16 projects comprising 2,066 rooms in Sapporo, Kanazawa, Tokyo, Osaka and Fukuoka. During the fiscal year, 6 projects in Chuo Ward, Osaka City, Chiyoda Ward, Tokyo, and Kanazawa, Ishikawa Prefecture, opened, 2 projects were sold, and sales and purchase agreements were signed for 6 projects.」

「The Company has also focused in recent years on hotel development targeting inbound demand and is advancing 15 projects comprising 1,963 rooms in Sapporo, Kanazawa, Tokyo and Osaka. During the fiscal year, 2 projects in Chuo Ward, Osaka City, and Kanazawa, Ishikawa Prefecture, opened.」

「The Company is also focusing on hotel development targeting inbound demand and is advancing 15 projects comprising 1,963 rooms in Sapporo, Kanazawa, Tokyo and Osaka. During the fiscal year, 4 projects opened.」

「The Company is also focusing on hotel development targeting inbound demand and has already acquired sites for 15 projects in Sapporo, Kanazawa, Tokyo and Osaka.」

「The Company is also focusing on hotel development targeting inbound demand and has already acquired sites for 15 projects in Sapporo, Kanazawa, Tokyo and Osaka.」

「The Company has also launched a hotel development business targeting inbound demand and acquired sites for multiple projects in regions across Japan, including Hokkaido, Hokuriku, Kanto and Kansai.」