NBI Holdings and SBI Securities Launch Operations for Hot Spring Ryokan Fund

NBI Holdings Co., Ltd. (Headquarters: Minato-ku, Tokyo; Representative Director: Takayuki Kanatani; hereinafter referred to as "NBI Holdings") announces the formation of a fund, "NBI Atami Investment LLC" (hereinafter referred to as "this Fund"), aimed at enhancing the value and operating the luxury hot spring ryokan "Atami Sanga" (hereinafter referred to as "this Property") located in Atami Onsen, Shizuoka Prefecture. This Fund has received a silent partnership investment from a group company of SBI Securities Co., Ltd. (Headquarters: Minato-ku, Tokyo; Representative Director and President: Masato Takamura; hereinafter referred to as "SBI Securities"), and NBI Holdings will manage it as the asset manager, driving further value enhancement as a luxury hot spring ryokan. NBI Holdings, which promotes regional revitalization through value-up investments in accommodation facilities such as ryokans, and SBI Securities, which possesses a broad network and capital strength in the finance and investment sectors, will collaborate to improve the value of this Property. Furthermore, in this project, Showa Leasing Co., Ltd. (Headquarters: Chuo-ku, Tokyo; Representative Director and President: Shinsuke Yasuyama) will participate as a financial advisor. After the fund operations commence, renewal works including an increase in the number of guest rooms will be carried out. By adding new value, the property will be reconstructed into an excellently designed luxury-grade hot spring ryokan that offers a high-quality stay experience. ## Fundraiser: NBI Atami Investment LLC