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Washington Hotel hits new high on speculation over additional stake purchase by Fujita Kanko

Fri May 1, 2026 11:00 am JST Catalyst

WASHINGTON HOTEL CORPORATION <4691> rebounded sharply, updating its all-time high set on April 21st. After the close of trading on April 30th, WASHINGTON HOTEL announced that FUJITA KANKO INC. <9722> planned to acquire 378,400 shares of WASHINGTON HOTEL on May 1st. At 10 a.m. on the 1st, the company disclosed that it had received notification from FUJITA KANKO of the acquisition, making FUJITA KANKO a major shareholder. On a voting rights basis, FUJITA KANKO's stake in WASHINGTON HOTEL rose from 7.10% to 10.22%. It was recently revealed that APA Holdings (Minato-ku, Tokyo) and others had emerged as major shareholders of WASHINGTON HOTEL, with their stake rising to 6.24% according to an amended report filed on April 17th. WASHINGTON HOTEL and FUJITA KANKO announced a business alliance in February of this year. Following FUJITA KANKO's additional share purchase after APA Holdings' stake increase, speculation regarding supply and demand for WASHINGTON HOTEL shares appears to have emerged, attracting buying interest. FUJITA KANKO's ranking as the second-largest shareholder remains unchanged.

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Source: MINKABU PRESS

*Translated by generative AI. Click here for the original article.

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