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Fukushima Hotelier's Commitment to Local Business Gets Support

Juichiya Company's Sunrise Inn Iwaki Opens in Iwaki City on August 19

Tokyo, Aug 18, 2014 - (JCN Newswire) - Local hotelier, Juichiya Company Ltd., opens the doors of Sunrise Inn Iwaki to guests on Tuesday August 19. The opening of this brand new accommodation in Iwaki City, Fukushima Prefecture is being made possible through 50 million yen in loan support from the Mitsubishi Corporation Disaster Relief Foundation (MCDRF). These funds complement support already being provided by Abukuma Shinkin Bank, a local financial institution.

Juichiya's Sunrise Inn Tomioka, located in the town of Tomioka in the Futaba district of coastal Fukushima, was forced to close its doors as a result of events that followed the Great East Japan Earthquake of 2011. Under existing circumstances, reopening Sunrise Inn Tomioka at the same location is unlikely, but the company has always maintained a strong will to reestablish its hospitality business somewhere in Fukushima. The new hotel, relocated to a site in Iwaki, further south along the Fukushima coast, is housed in a nine-storey building with 71 guest rooms, and keeps part of its heritage in its new name - Sunrise Inn Iwaki.

Geared towards business travelers, Sunrise Inn Iwaki isa five-minute walk from Iwaki Station on the JR Joban Line and is complete with conference rooms and internet access. Breakfast includes freshly baked bread, and guests may also avail themselves of the hotel's large public bath, making it a convenient stop for leisure travelers as well. The new hotel will hire 19 new staff, including the rehire of three employees from the former hotel. Juichi is aiming to attract some 20 thousand guests annually and reach 130 million yen per year in sales over the next two years.

MCDRF commends Juichi's commitment to reestablishing its business in Fukushima and decided to support Sunrise Inn Iwaki because of the contribution it will make to generating employment and reviving the local economy in Iwaki. Three years and five months have passed since the Great East Japan Earthquake, but recovery efforts in areas that suffered severe damage are far from over. MCDRF intends to continue collaborating with local financial institutions such as Abukuma shinkin Bank to support efforts aimed at the revitalization of industry and employment creation, and overall economic recovery in areas affected by the disaster.

For more information visit http://www.mitsubishicorp.com/jp/en/pr/archive/2014/html/0000025474.html.

About Mitsubishi Corporation

Mitsubishi Corporation (MC; TSE: 8058) is a global integrated business enterprise that develops and operates businesses across virtually every industry including industrial finance, energy, metals, machinery, chemicals, foods, and environmental business. MC's current activities are expanding far beyond its traditional trading operations as its diverse business ranges from natural resources development to investment in retail business, infrastructure, financial products and manufacturing of industrial goods. With over 200 bases of operations in approximately 80 countries worldwide and a network of over 500 group companies, MC employs a multinational workforce of nearly 60,000 people. For more information, please visit www.mitsubishicorp.com.



Source: Mitsubishi Corporation

Contact:
Mitsubishi Corporation
Telephone:+81 3 3210 2171 
Facsimile:+81 3 5252 7705


Copyright 2014 JCN Newswire. All rights reserved. www.japancorp.net

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