Royal Hotel has acquired shares in Shibapark Hotel, making it a subsidiary.
Already a major shareholder owning 8.4% of the shares, it acquired additional shares from 11 corporate shareholders, raising its ownership ratio to 79.1%. The acquisition cost, including advisory fees, amounted to 3 billion and 10 million yen.
For the fiscal year ending December 2023, sales were 47.7 billion yen, operating profit was 595 million yen, ordinary profit was 588 million yen, and net profit was 388 million yen.
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