Polaris Holdings Co., Ltd (JP:3010) has released an update.
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Polaris Holdings Co., Ltd. has announced the execution of lease agreements for four KOKO Hotels, transitioning from management contracts to a mix of fixed and variable rents aimed at enhancing profitability. The company has also recorded a gain from the sale of the KOKO HOTEL Tsukiji Ginza, with an expected net sales contribution of approximately JPY 250 million. These strategic moves are part of Polaris’s medium-term plan to increase hotel properties and improve profitability as a key growth driver.
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