Entry into the vacation resort management business through the acquisition of Ito Ippo Management Service as a subsidiary

「The company's consolidated subsidiary 株式会社ＦＪネクスト acquired all issued shares of 株式会社伊東一碧管理サービス on 1 February 2023 and made it a consolidated subsidiary.」

「At a meeting of its Board of Directors held on 2 December 2022, the company's consolidated subsidiary 株式会社ＦＪネクスト resolved to acquire all issued shares of 株式会社伊東一碧管理サービス, a newly established company of ITOCHU Corporation, and make it a subsidiary. Under an absorption-type company split, 株式会社伊東一碧管理サービス was to receive the vacation resort management business relating to the 一碧 vacation resort from ITOCHU Corporation and its wholly owned subsidiary アイ・ピー管理株式会社. 株式会社ＦＪネクスト entered into a share transfer agreement on the same date. The share acquisition procedures were completed on 1 February 2023. By acquiring the company, the group determined that it could leverage the experience and expertise it has developed through its real estate development, ryokan and real estate management businesses in the area to further expand its business performance.」