#InvincibleInvestmentCorporation

For the fiscal year ending December 2025, operating revenue was ¥28,591 million (up 13.9% YoY), net income attributable to owners of parent was ¥16,688 million (up 16.2% YoY), and distribution per unit increased to ¥2,186. Expansion of the hotel portfolio and steady operations contributed to the positive results.

For the fiscal year ending December 2025, operating revenue achieved a significant increase to ¥285,915.73 million (13.9% YoY), net income attributable to owners of parent rose to ¥16,688.99 million (16.2% YoY), and distribution per unit reached ¥2,186 (15.4% YoY), demonstrating substantial revenue and profit growth.

Domestic hotel sales for January 2026 were 8,007 million yen, a 2.5% increase year-over-year, with an occupancy rate of 80.1%, up 0.1 points. Overseas hotel sales were 11.941 million USD, down 5.5% year-over-year.

Domestic hotel revenue for December 2025 was JPY 8.542 billion, up 6.0% year-over-year. RevPAR rose 6.2% year-over-year, maintaining solid demand.

Invincible Investment Corporation will terminate the fixed-term building lease and management service agreement for Hotel MyStays Shinsaibashi as of January 21, 2026, and has entered into a new contract with Iconia Hospitality Inc. from January 22, 2026 to January 31, 2036.

In November 2025, the domestic hotel portfolio recorded strong results with occupancy up 0.5pt, ADR up 8.6%, and RevPAR up 9.3%. The two Cayman overseas properties saw a decline in occupancy but an increase in ADR, resulting in a RevPAR increase of 4.4%.