TOKYO, Apr 13 (Pulse News Wire) – Greens CO.,LTD. (6547.T) announced today that its board of directors, held, approved a regular building lease agreement for a hotel property in Asahikawa City, Hokkaido.
The expansion aligns with the company's mid-term business plan announced on February 13, 2025, which emphasizes accelerating store openings based on demand. The new hotel will contribute to strengthening and expanding the company’s hospitality sector. The leased facility is a nine-story building located in Asahikawa City. Details of the lease agreement reveal that the asset value exceeds the equivalent amount of the company's prior fiscal net assets represented by [30%].
Due to confidentiality agreements, further specifics about the location and counterparty remain undisclosed. However, Greens confirmed that there are no capital, personnel, or transactional relationships beyond this leasing arrangement, and the counterparty is free from antisocial forces. Scheduled milestones include signing the lease contract on April 15, 2026, with operations set to commence on August 25, 2028. According to preliminary estimates, the impact on the current fiscal performance is expected to be minor.
Should significant effects emerge, Greens will promptly update stakeholders.
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