Core Viewpoint - NIRAKU (01245.HK) has entered into a purchase agreement to acquire land and buildings in Atami, Shizuoka Prefecture, Japan, for a total consideration of 790.6 million yen (approximately 41.9 million HKD), expected to be completed by November 4, 2025 [1] Group 1: Acquisition Details - The acquisition involves a traditional Japanese inn located in a prime resort area, which is attractive to leisure tourists [1] - The property is situated in a high-end community known for its fishing traditions, harbor views, and lush hills, making it a notable tourist destination [1] - The land includes a private hot spring source, providing direct supply from the source [1] Group 2: Strategic Implications - The management believes that incorporating this property into the hotel portfolio will allow the company to better capitalize on the recovery and growth potential of Japan's tourism industry [1] - The acquisition price is considered attractive compared to the assessed market value, presenting a good opportunity for the company to expand its hotel business [1] - The costs associated with the acquisition will be funded through internal resources, and the board believes it will not significantly impact the company's liquidity [1]

Core Viewpoint - NIRAKU has entered into an agreement to acquire land and buildings in Atami, Japan, for a total consideration of 791 million yen, with completion expected on November 4, 2025 [1][2] Group 1: Acquisition Details - The acquisition involves nine independent plots of land totaling approximately 1,411.43 square meters and five buildings with a total floor area of about 1,265.60 square meters [1] - The existing building operates as a traditional Japanese inn named "Atami Yamanaka" and is currently owned by Omine [1] Group 2: Business Context - NIRAKU's primary business activity includes operating hotels in Japan, with recent additions of onsen ryokans (Japanese-style inns with hot springs) to its portfolio [1] - The management is cautiously optimistic about the ongoing recovery and growth potential of Japan's tourism industry post-COVID-19, as more foreign tourists are visiting Japan for leisure [1] Group 3: Location and Market Potential - The property is located in a prestigious community known for its fishing traditions, harbor views, and lush hills, making it attractive to leisure tourists [2] - The area is recognized as a top hot spring resort destination, with a favorable climate and rich ecological environment, enhancing its appeal for marine leisure and onsen tourism [2] - The land includes a private hot spring source, which provides direct supply from the source, further increasing the property's value [2]