[Important] Announcement Regarding Acquisition of Hotel Development Land in Nasu-gun, Tochigi Prefecture
Kasumigaseki Capital acquires land for hotel development in Nasu-gun, Tochigi Prefecture.
📋 Article Processing Timeline
- 📰 Published: March 31, 2026 at 00:30
- 🔍 Collected: March 30, 2026 at 22:56
- 🤖 AI Analyzed: April 15, 2026 at 22:27 (383h 31m after Collected)
Kasumigaseki Capital Co., Ltd. (Headquarters: Chiyoda-ku, Tokyo, President & CEO: Koushiro Kawamoto, hereinafter referred to as "the Company") today announces that it has acquired land for hotel development, as detailed below.
1. Purpose of Acquisition
The Company is engaged in hotel development with the aim of contributing to the realization of a tourism-oriented nation and regional revitalization. We operate hotel brands nationwide, including the multi-occupancy hotels 'fav', 'FAV LUX', 'edit x seven', 'seven x seven', and the culture business hotel 'BASE LAYER HOTEL'. We have newly acquired land for the development of our group's multi-occupancy hotel brand as real estate for sale.
2. Overview of the Development Land
3. Counterparty and Transaction Price
Regarding the counterparty and transaction price, we will refrain from disclosing them due to a confidentiality agreement between the Company and the counterparty. There are no capital or personnel relationships between the Company and the counterparty that require disclosure, and there are no issues with their qualifications.
4. Future Outlook
We believe the impact on the Company's consolidated financial results for the fiscal year ending August 2026 will be minor. However, if it becomes clear that there will be a significant impact on our consolidated financial results, we will disclose it promptly.
■ List of Planned Hotel Development Projects
■ List of Hotels Currently in Operation
■ Company Information
Company Name: Kasumigaseki Capital Co., Ltd.
Established: September 2011
Representative: Koushiro Kawamoto, President & CEO
Headquarters: 28th Floor, Kasumigaseki Common Gate West Building, 3-2-1 Kasumigaseki, Chiyoda-ku, Tokyo 100-0013
Capital: 48.586 billion JPY
FAQ
What is the purpose of Kasumigaseki Capital acquiring this land?
The purpose is to develop hotels as part of the company's strategy to contribute to Japan's tourism industry and regional revitalization. This land will be used for their multi-occupancy hotel brands.
Where is the acquired land located?
The land is located in Nasu-gun, Tochigi Prefecture, Japan.
Why are the transaction details and counterparty not disclosed?
The transaction details and counterparty are not disclosed due to a confidentiality agreement between Kasumigaseki Capital and the seller.
What is the expected impact on Kasumigaseki Capital's financial results?
The impact on the consolidated financial results for the fiscal year ending August 2026 is expected to be minor. The company will disclose further information if a significant impact becomes apparent.
What types of hotels does Kasumigaseki Capital develop?
Kasumigaseki Capital develops various hotel brands, including multi-occupancy hotels like 'fav', 'FAV LUX', 'edit x seven', 'seven x seven', and the culture business hotel 'BASE LAYER HOTEL'.