Core Viewpoint - NIRAKU (01245) has announced the acquisition of land and buildings in Atami, Shizuoka Prefecture, Japan, for a total consideration of 791 million yen, expected to be completed by November 4, 2025 [1] 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 buildings are a traditional Japanese inn currently operating under the name "Atami Yama Ko" [1] - The current owner of the land and buildings is Omine [1] Group 2: Business Context - NIRAKU's primary business activity includes operating hotels in Japan, with recent additions of onsen ryokans and traditional Japanese inns to its hotel portfolio [1] - Following the COVID-19 pandemic, Japan's tourism industry has shown strong recovery, with an increasing number of foreign visitors traveling to Japan for leisure [1] - The management is cautiously optimistic about the ongoing recovery and growth potential of Japan's tourism industry [1] Group 3: Location and Appeal - The buildings are located in a well-known traditional Japanese inn, situated in a premium community famous for its fishing traditions, harbor views, and lush hills [2] - The area of Nagai is recognized as a top hot spring resort destination, characterized by a mild climate and rich ecological environment, making it an attractive tourist area [2] - The land features a private hot spring source, providing direct supply from the source, enhancing the appeal of the traditional inn within the group's hotel portfolio [2]