Kasumigaseki Capital Announces Acquisition of Hotel Development Land in Hakodate, Hokkaido

AI Summary (NQ-processed)

Kasumigaseki Capital Co., Ltd. announced that it has acquired land for hotel development adjacent to its existing 'fav Hakodate' hotel. This acquisition is intended to enhance profitability through synergistic use with the current facility. The company is actively engaged in hotel development to contribute to Japan's tourism-oriented national policy and regional revitalization, operating various hotel brands nationwide. Details such as the counterparty and transaction price have not been disclosed due to confidentiality agreements. The company expects the impact on its consolidated financial results for the fiscal year ending August 2026 to be minor.