GREENLAND RESORT COMPANY LIMITED [9656.T]
TOKYO, Mar 31 (Pulse News Wire) – Greenland Resort Company Limited (9656.T) announced today that its subsidiary, Kozuchi Resort City Co., Ltd., has entered into an agreement to transfer part of its hotel operations. The transfer involves the operation of the "Hotel Sun Plaza," which is located at 4th East 1st Street, Number 6, Block 1, in Hokkaido Iwamizawa Shi.
Kozuchi Resort City, established on July 28, 1998, operates amusement parks, ski resorts, hotels, and restaurants. The capital of the subsidiary stands at ¥100 million. As part of the group's "Mid-Term Management Plan 2026," the decision was made to optimize the portfolio by efficiently allocating resources. The transferred business includes human assets related to the hotel operations and physical assets such as land and buildings. The revenue generated by the transferring department accounted for less than ４% of the consolidated sales in the previous fiscal year, while the operating profit constituted a minor portion compared to the consolidated figure.
The asset and liability amount of the transferring department is also considered negligible relative to the consolidated total. Details of the transferee remain undisclosed due to confidentiality agreements. However, the entity primarily engages in business revitalization and succession in sectors such as dining, tourism, and healthcare. There are no trading relationships, capital ties, personal connections, or affiliate statuses between the transferee and the Greenland Resort Group. The transfer agreement was signed, with the transaction scheduled to take place on July 1, 2026.
Regarding the impact on the fiscal year ending December 2026, Greenland Resort Company is currently assessing potential effects and will promptly disclose any significant findings.
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