Polaris HD - Joint investment with Star Asia Group for the acquisition of Minashia's shares.

On the 7th, Polaris Holdings (3010) announced that it will jointly invest with Star Asia Group, its sponsor group, in Corrida (GK), a special purpose company established by Star Asia Group to acquire all shares of Minasia, a domestic hotel operation company. As per the midterm management plan disclosed in May of this year, improving operational capabilities that contribute to expanding the operating platform and increasing revenue is an important growth driver for the company.

Fisco JapanJun 10 23:27 ET

Polaris Holdings and Star Asia Group Announce Strategic Joint Investment in Hotel Operator Minacia

Polaris Holdings (TYO:3010) has entered into a strategic joint investment with Star Asia Group in Godo Kaisha Corrida (GK) to acquire 100% of Minacia, a domestic hotel operating company, according to

MT NewswiresJun 10 06:40 ET

Polaris HD--- “Red Planet BGC The Fort” opens

Polaris Holdings ＜3010＞ announced the grand opening of “Red Planet BGC The Fort” on the 30th. “Red Planet BGC The Fort” is a newly built hotel located in the center of Manila, the capital of the Philippines, in the “Bonifacio Global City” district where offices of global companies are concentrated and luxury condominiums and boutiques are lined up. The hotel is cozy

Fisco JapanMay 30 23:36 ET

Polaris Holdings: Extraordinary Report

EDINETMay 24 01:26 ET · Announcements

Polaris HD --- Significant increase in sales and profit for the fiscal year ended March 24, and profits increased drastically in both the hotel business and real estate business

Polaris Holdings ＜3010＞ announced consolidated financial results for the fiscal year ending 2024/3 on the 14th. Sales increased 221.3% from the previous fiscal year to 22.545 billion yen, operating income was 3.382 billion yen (profit of 0.03 billion yen in the previous fiscal year), ordinary profit was 2,609 billion yen (loss of 215 million yen), and net income attributable to parent company shareholders increased 517.2% to 3.297 billion yen. Sales in the hotel business increased 7.3% from the same period last year to 14.507 billion yen, and operating profit increased 690.3% from the same period last year1

Fisco JapanMay 15 00:35 ET

Polaris Holdings---Dividend (redistribution) of surplus funds for the fiscal year ending 2025/3 and shareholder benefit plan changes

Polaris Holdings ＜3010＞ announced on the 14th that it will redistribute and change the current shareholder benefit system at the end of the 2025/3 fiscal year. As a result of efforts to strengthen its financial position and profitability under collaboration with Star Asia Group, the company achieved significant improvements in financial position and final profit recording for the consolidated fiscal year ending 2024/3. The company has continued to be undistributed for 16 terms since the fiscal year ending 2008/3, but it positions the realization of early redistribution as a priority issue, and is predicting future performance

Fisco JapanMay 15 00:28 ET