Hankyu Hanshin Holdings expands Indonesian property portfolio with DeliPark Mall acquisition

Hankyu Hanshin Holdings, Inc. announced that its second-tier subsidiary, PT. Hankyu Hanshin Properties Indonesia (HHPI), will provide additional capital to PT DPM ASSETS INDONESIA (DPMAI). This capital injection is for the acquisition of DeliPark Mall in Medan, Indonesia.

Following the capital increase, DPMAI's total capital will reach IDR 2,564,412 million, exceeding one-tenth of the company's capital, elevating DPMAI to a specified subsidiary of Hankyu Hanshin Holdings. DPMAI's ownership structure will be 76.4% HHPI, 15.0% Sinar, and 8.6% MUFG Bank, Ltd. The resolution for HHPI's capital increase and the agreement with DPMAI were concluded on December 22, 2025, with the subscription date scheduled for early January 2026. DPMAI, established in October 2025, primarily focuses on holding and leasing commercial facilities in Indonesia.

This expansion aligns with Hankyu Hanshin Holdings' long-term strategy of "expanding beyond areas," leveraging its real estate expertise in the ASEAN region. The company has steadily grown its stock-type business in Indonesia, with prior acquisitions including Central Park Mall in 2022 and Central Park Mall 2 in 2023. This latest acquisition aims to further build its business foundation and enhance facility value in the ASEAN region.