NIRAKU (01245) announced that on August 29, 2025 (after trading hours), NBI (a wholly-owned subsidiary of the company) entered into the first sale and purchase agreement with sellers Bisoh Fujimoto Co., Ltd. and Hakone Elecasa Co., Ltd. (both independent third parties) to acquire land and buildings located in Miyanoshita, Hakone-machi, Ashigarashimo-gun, Kanagawa Prefecture, Japan, together with assets, for a total consideration of 901 million yen. The transaction is expected to complete on October 2, 2025.
The land comprises 4 separate parcels located in Miyanoshita, Hakone-machi, Ashigarashimo-gun, Kanagawa Prefecture, Japan, with a total area of approximately 6,691.00 square meters. The buildings constructed on the land include 3 buildings and 2 ancillary structures, with a total floor area of approximately 1,959.81 square meters. The buildings were constructed as a resort hotel and are currently operated under the name "Hakone Elecasa Hotel & Spa."
On August 29, 2025 (after trading hours), NBI entered into a second sale and purchase agreement with buyer Jyukyo Co., Ltd. (an independent third party) to dispose of the land and buildings located in Miyanoshita, Hakone-machi, Ashigarashimo-gun, Kanagawa Prefecture, Japan, together with assets, for a total consideration of 1.166 billion yen. The transaction is expected to complete on October 2, 2025.
The Group continuously identifies strategic investment opportunities within its extensive hotel industry network to maximize shareholder value. The Group will acquire the land, buildings and assets for 901 million yen on October 2, 2025, and subsequently dispose of the land, buildings and assets for 1.166 billion yen on the same day.
According to an independent valuer's opinion, the assessed market value of the land and buildings was 1.14 billion yen (as of August 1, 2025). The Board believes that the acquisition and immediate disposal represents a prudent and strategic investment that enables the Group to capitalize on favorable market conditions and realize immediate financial gains. This transaction aligns with the Group's strategy of leveraging industry expertise and market insights to create value for shareholders.