MEDIUM-TERM
MANAGEMENT PLAN

See the Medium-Term Management Plan documents for details of the EVOL2030 Final Stage Toward 2035 Vision.

The T&G Group formulated EVOL2030 Final Stage as its Medium-Term Management Plan for the period through FY 2030 and the Toward 2035 Vision as its vision for long-term growth toward FY 2035.

The aim of this plan is for sustained growth and medium- to long-term increases in corporate value by further enhancing the stable revenue base of the Wedding Business and growing the Hotel Business to the leading business driving Group growth.

Results fell short of the plans for some KPIs in FY 2024 because of such factors as the number of hotel locations opened that was below initial plans.
At the same time, RevPAR remained high in the Hotel Business, driven by growing recognition of the TRUNK brand amid global growth in the lifestyle hotels market and the recovery in inbound demand. In addition, the Wedding Business maintained and even grew its high-quality, high-price model while expanding its base of operations in terms of subcontracting partners. Based on these results and issues, as well as the changing business environment, the T&G Group will evolve toward a strategy with a greater focus on capital efficiency and the pace of growth while maintaining its growth policies.

Under the EVOL2030 Final Stage Toward 2035 Vision, the Group will promote business strategies based on the following four priority themes.

Identifying the period through FY 2026 as the phase of brand establishment, the T&G Group has achieved positive results in the Hotel Business and enhanced its earnings base in the Wedding Business.
During the EVOL2030 Final Stage beginning in FY 2027, the Group will promote forward-looking investments to spur growth in the Hotel Business and then focus on growing earnings through hotel profitability and expanding the earnings base.
Under the Toward 2035 Vision for FY 2031 and beyond, growth in the Hotel Business will drive sustained business growth for the Group as a whole.

Plans call for successfully opening the currently planned hotels in FY 2027 and beyond. By opening these hotels, the Group aims for sustained growth in Groupwide profit. The T&G Group expects profit to grow sharply in FY 2029 as all planned hotels open, which will contribute to business results on a full-year basis. Furthermore, the Group will grow the Hotel Business as the Group's core business in FY 2035 as its profit rises above that of the Wedding Business.

Contracts and agreements have already been concluded for 10 of 20 target hotels to open by FY 2035. The Group aims to develop concrete plans for the remaining 10 hotels by FY 2030, based on the recent pace of decisions on hotel openings.

Together with the further enhancement of the stable earnings base through the Wedding Business, the T&G Group will grow the highly profitable Hotel Business as a growth driver.
The group will aim for medium- to long-term growth in corporate earnings by providing value to a diverse range of stakeholders that include customers, hotel owners, partners, employees, communities, and shareholders and investors by leveraging the strengths that have been built since the founding of the company in not only editorial ability but also brand power, professional human resources, hospitality, and creativity.