(Disclosure Change) Partial Amendment to the Notice Regarding the Closure of Imperial Hotel Tokyo Tower Building

Summary of Changes

We have decided to postpone the start of demolition work for the Imperial Hotel Tokyo Tower building from the originally planned fiscal 2024 to around the end of fiscal 2030. Accordingly, the hotel operations (all guest rooms and banquet halls) and real estate leasing business of the Tower building will continue until demolition work begins. The reasons for this change include the evaluation of the progress of the rebuilding plan, trends in construction and labor costs, energy prices, and the impact of social environment factors on the business plan.

Future Outlook

The impact of this matter on the Company's financial results is currently under review, and once details are determined, they will be reflected in earnings forecasts and publicly disclosed. Also, the previously announced "Medium- to Long-term Management Plan 2036" will be reviewed and updated taking into account the progress of the rebuilding plan and the current management environment.