Vista Hotel Management Co., Ltd. Announces MBO by Management Team

Vista Hotel Management Co., Ltd. (Headquarters: Chuo-ku, Tokyo; hereinafter VHM) announces that MI Management Co., Ltd. (Headquarters: Shibuya-ku, Tokyo; hereinafter MIM), established by Ichiro Ibaraki, Representative Director of VHM, has raised funds and acquired 60% of VHM shares held by Yamasa Co., Ltd. (Headquarters: Niimi City, Okayama Prefecture; hereinafter Yamasa), VHM's parent company.

【Background of MBO Implementation】 In the current environment where market conditions are changing and technology is rapidly advancing, we recognized that it is essential to enhance management independence and make faster management decisions (including capital policy) to further enhance VHM's potential, and thus chose MBO. Yamasa will continue to hold 40% of VHM shares.

【Company Profile】 Company Name: Vista Hotel Management Co., Ltd. Location: 2-7 Nihonbashi Odenmacho, Chuo-ku, Tokyo Established: September 2006 Representative: Ichiro Ibaraki, Chairman and President Business: Hotel operation business Currently operating 15 hotels in major domestic cities under the "Hotel Vista" and "Hotel Vista Premio" brands. We aim to create a new style of hotel that is not bound by existing hotel categories such as city, business, and resort, while constantly pursuing added value, including "three-point separate rooms" with separate bathrooms, toilets, and washbasins. URL: https://www.hotel-vista.jp/