WASHINGTON HOTEL CORPORATION [4691.T]
TOKYO, Apr 30 (Pulse News Wire) – Washington Hotel Corporation (4691.T) announced today that its major shareholder composition will undergo changes effective May 1, 2026. The company received notice from Fujita Kanko Co., Ltd., currently a shareholder, indicating plans to acquire 1,239,680 ordinary shares of Washington Hotel Corp on May 1, 2026.
As a result, Fujita Kanko is expected to become a significant shareholder. Fujita Kanko, headquartered in Tokyo, Bunkyou Ku Sekiguchi Ni Choume 10-8, engages in hotel operations and restaurant businesses among others, with a capital of ¥100 million. Prior to the acquisition, Fujita Kanko held 8,612 voting rights, representing 861,280 of total shareholders' voting rights based on the share registry as of March 31, 2026.
Post-acquisition, Fujita Kanko's voting rights will increase to 10.22%, maintaining their position as the second-largest shareholder. The company stated that this change in major shareholders does not anticipate any impact on its management structure or performance. In line with the business alliance announced on February 12, 2026, Washington Hotel Corp aims to further strengthen its partnership with Fujita Kanko through enhanced capital ties, aiming to elevate the value of the "Washington brand" and improve long-term corporate value.
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