Kasumigaseki Capital Co.,Ltd. announced that it had acquired land for hotel development, partly subject to leasehold rights, in Onna Village, Okinawa Prefecture. The company plans to use the land held for sale to develop a hotel brand for large groups operated by its group.
Kasumigaseki Capital Co.,Ltd. announced today that it had acquired land for hotel development, partly subject to leasehold rights. The purpose of the acquisition is to advance hotel development that contributes to the promotion of tourism and regional revitalization, and the company plans to use the land to develop a hotel brand for large groups operated by its group.
An overview of the development site has been provided in the form of photographs, while the business partner and transaction price have not been disclosed pursuant to a confidentiality agreement. The company also stated that there are no issues concerning capital or personnel relationships with the business partner.
The impact on consolidated results for the fiscal year ending August 2027 is expected to be minor, but the company stated that it would promptly disclose any material impact if one becomes apparent. The earnings forecast for that fiscal year is scheduled to be disclosed on 5 October 2026.
Information on planned hotel development projects and operating facilities has also been provided in image form, together with an overview of the company and its business activities.