Clear <2998> announced the acquisition of development land for sales of real estate in Chuo-ku, Tokyo on the 27th.

The development land for this sales real estate is located in Chuo-ku, Tokyo with a site area of 95.86 square meters. The planned use is for a hotel. The acquisition price is equivalent to 30% or more of the consolidated net assets of the company for the fiscal year ending March 2024. There are no significant capital or personnel relationships between the company and the trading partner.

The contract signing date is scheduled for September 30, 2024, and the delivery date is scheduled for March 4, 2025. In order to use the funds for acquiring this development land, the company plans to borrow from financial institutions, and the amount of borrowing is currently undecided.