Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the
Japanese original, the original shall prevail.
May 1, 2026
To whom it may concern:
Company name: | FUJITA KANKO INC. |
Representative: | Shinsuke Yamashita Representative Director and President, Executive Officer |
(Securities Code: 9722, TSE Prime) | |
Inquiries: | Kenichi Naruse, Manager of Corporate Planning Department of Planning Division |
Phone: | +81-3-5981-7722 |
FUJITA KANKO INC. ("the Company") hereby announces that, with the aim of further strengthening the collaborative framework with Washington Hotel Corporation (hereinafter "Washington Hotel"), with which the Company has a business partnership, the Company has acquired additional shares in Washington Hotel on May 1, as set forth below.
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Objective of additional acquisition of shares
As announced on February 12, 2026*, the Company and Washington Hotel have entered into a business partnership agreement with the aim of enhancing the value of the Washington Hotel brand and increasing the corporate value of both companies, and are advancing the implementation of collaborative initiatives, including the mutual use of both companies' membership programs.
The Company operates hotels primarily in the eastern Japan area, while the Washington Hotel operates hotels mainly in the western Japan area, and by collaborating together, the two companies will be able to effectively utilize a network of 76 locations and approximately 20,000 guest rooms across Japan. Backed by this complimentary portfolio of locations, we believe that our ability to provide a consistent brand experience across a wider area, catering to diverse demand in business, tourism, and inbound travel, will further enhance the growth potential of both companies.
Through this additional acquisition of shares in Washington Hotel from minority shareholders, the Company will increase its shareholding ratio from the current 7.1% (861,280 shares) to 10.2% (1,239,680 shares), thereby strengthening through a capital relationship the operational partnership we have been developing. As a result, the Company aims to make the medium- to long-term partnership more stable and robust, thereby accelerating the growth strategy of the Company's WHG business while enhancing the corporate growth of both companies.
* https://www.fujita-kanko.co.jp/sub/wp-content/uploads/2026/02/2025_0212_fujita.pdf (Japanese version only)
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Future initiatives to strengthen collaboration
The Company and Washington Hotel will first work to share a membership base of approximately
1.5 million members across their eastern and western networks through the mutual use of both companies' membership programs, with the goal of improving occupancy rates and direct booking ratios through expanded cross-referral of guests. This will enable customers of both companies to
seamlessly utilize Washington Hotel brand properties from a wide range of options across eastern and western Japan, according to their business travel, leisure, and inbound travel needs. Furthermore, we will work to improve the profitability and service standards across the entire network by sharing marketing, product and service planning, and operational expertise.
Building on the strengthened capital relationship resulting from this additional acquisition of shares, the Company will build a framework to drive these initiatives in a stable manner over the long term, thereby enhancing the corporate value of both companies.
- Future outlook
The impact of this matter on the Company's consolidated results for the current fiscal year is expected to be minimal; however, the Company will promptly disclose any matters requiring disclosure as they arise.