TOKYO, Apr 30 (Pulse News Wire) – Cybozu,inc. (4776.T) announced today that its board of directors held on April 30 decided to begin full-scale studies for constructing an arena in Ehime Prefecture.
The company previously conducted preliminary investigations but now plans to proceed based on a basic concept proposal developed with the help of a consulting firm known for low-cost construction expertise. Key points of the basic plan include accommodating more than 5,000 people, meeting B-Premier standards such as permanent VIP rooms, providing a quality customer experience while minimizing costs, and designing a viable business model that includes surrounding area development. The preferred land size would be 10,000 square meters (100m x 100m). Estimated construction costs are approximately ¥10.50 billion for building expenses and ¥500 million for equipment, though potential increases due to rising resource prices and inflation could push the total up to ¥15.00 billion.
Cybozu aims to select a candidate site within the year but emphasizes that the project remains in the study phase. Investment amounts will be negotiated with local authorities and stakeholders. Any significant progress will be reported accordingly. Revenue projections indicate cumulative losses of around ¥1.300 billion over 30 years under the assumption of full private funding, but these figures are subject to revision during ongoing discussions.
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