NIRAKU GC HOLDINGS, INC. (1245) Announces Major Disposal of Miyagino Property

Bulletin Express
Oct 31

NIRAKU GC HOLDINGS, INC. (1245) disclosed the disposal of land, buildings, and associated assets in Miyagino, Hakone-cho, Japan. The transaction is categorized as a major disposal under applicable listing regulations and received written approval from the controlling shareholder group, eliminating the need for a general meeting.

The property, initially acquired on 2 October 2025 at JPY901 million, was sold on the same day for JPY1,166 million. Recorded figures indicate a prospective gain of around JPY164 million from the disposal. The assets encompass approximately 6,691 square meters of land and hotel structures collectively operating under the name “Hakone Elecasa Hotel & Spa.” An independent valuer appraised the site’s market value at JPY1,140 million.

According to official statements, the strategic decision was driven by favorable market conditions and the opportunity to generate immediate returns. Once completed, the disposal proceeds are allocated for potential future investments, subject to market opportunities. The disposal will not materially affect the Group’s liabilities. NIRAKU GC HOLDINGS maintains optimism about furthering its hospitality network and fulfilling shareholder value through prudent capital management and timely asset transactions.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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