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 located in Oita City, Oita Prefecture.
The decision aligns with the company's mid-term business plan, which emphasizes accelerating store openings based on demand trends. The leased asset consists of a 12-story building situated in Oita City. Details of the transaction value and counterparty remain undisclosed due to confidentiality agreements. However, the amount could exceed the equivalent of the company’s consolidated net assets as of the previous fiscal year, represented by the placeholder 30%. The lease agreement is scheduled to be finalized, with operations set to commence on May 27, 2028.
The company confirmed there are no significant capital, personnel, or trading relationships between Greens CO.,LTD. and the lessor beyond this lease arrangement. Additionally, the lessor was verified to not be associated with antisocial forces. Regarding future outlook, Greens CO.,LTD. expects the impact on its current fiscal performance to be minor.
Should any substantial effects arise, the company pledges to promptly disclose such developments.
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