Ofunato City Unveils New Landmark

Ofunato City Unveils New Landmark 
Ofunato Onsen Hotel to give locals relaxation space and revitalize tourism
Tokyo, July 23, 2014 - (JCN Newswire) -  Local hotelier, Kairakuso, Ltd opens a
new hotel in Ofunato, Iwate Prefecture on July 31. The opening of the hotel,
Ofunato Onsen, is being made possible through a contribution of 50 million yen
in loan funds from the Mitsubishi Corporation Disaster Relief Foundation
(MCDRF). These funds complement support already being provided by The Bank of
Iwate, a local financial institution. 
At a mere three minutes' drive from the Sanriku Expressway's Goishi
Coast Interchange, Ofunato Onsen Hotel offers a panoramic view of the Pacific
Ocean. The hotel's natural hot springs, or onsen, are said to be good for
neuralgia, arthritis and chronic gynecological conditions. Beyond the
therapeutic value of the onsen's waters, dynamic dishes made from fresh
seafood caught by the hotel owner himself, who has a commercial fishing
license, is also a special feature of Ofunato Onsen. In addition, the new hotel
is adopting a firewood boiler system, which makes use of locally produced wood,
thereby contributing to the local forestry industry. The opening of Ofunato
Onsen also creates some 30 jobs and is expected to have a ripple effect on the
local economy. Aiming to host 50 thousand guests annually, the hotel also
doubles as a relaxation space for local residents as well as a hub for the
region's tourist industry. 
MCDRF's support to Ofunato Onsen was decided on the basis of its
potential to create employment and because of the contribution it will make to
reviving the local economy. Three years and four months have passed since the
Great East Japan Earthquake, but recovery efforts are still underway in areas
that suffered severe damage. MCDRF will continue to collaborate with local
financial institutions such as The Bank of Iwate to support efforts aimed at
the revitalization of industry and employment creation, and overall economic
recovery in areas affected by the disaster. 
Reference Information 
Ofunato Onsen Hotel 
Address:29-1, Ofunato-cho Aza Marumori, Ofunato, Iwate 
Access:3 minutes by car from Sanriku Expressway's Goishi Coast
Tel:(+81) 0192-26-1717 
No.of Rooms: 
69 (plus 4 banquet halls) 
2nd floor, 10 rooms 
3rd floor, 20 rooms 
4th floor, 20 rooms 
5th floor, 19 rooms 
No. of Guests: 230 
Room Rate:7,500 yen (plus tax) per night with two meals 
94 parking spaces (including 10 for buses) 
2 natural hot spring public baths; 
2 open-air baths; 2 medicinal baths 
Kairakuso, Ltd 
1. Headquarters: 221-2, Suezaki-cho Aza Ohama, Ofunato, Iwate
2. Date Established:May 2012
3. Capital:75 million yen
4. Business Activities:Management of hotels; seaweed sales
5. Representative: Yutaka Shida, Representative Director 
The Bank of Iwate, Limited 
1. Headquarters:1-2-3 Chuo-dori, Morioka-shi, Iwate, Japan
2. Date Established:May 2, 1932
3. Capital:12 billion yen
4. Business Activities:Banking and other services
5. Representative:Yukio Taguchi, President and Representative Director 
Mitsubishi Corporation Disaster Relief Foundation 
1. Headquarters: 2-3-1 Marunouchi, Chiyoda-ku, Tokyo
2. Date Founded: March, 2012 (became a foundation May 2012)
3. Endowment: 6 billion yen
4. Purpose: To contribute to the recovery of regions affected by the Great
East Japan Earthquake through the provision of scholarships and grants for
NPOs and social welfare corporations, as well as for recovery of industry and
job creation.
5. Representatives:
- Chairman, Ken Kobayashi (President and CEO, Mitsubishi Corporation)
- Deputy Chairman, Yasuhito Hirota (Senior Executive Vice President,
Mitsubishi Corporation
- Executive Director, Yoshiyuki Nojima (General Manager, CSR and Environmental
Affairs Department, Mitsubishi Corporation) 
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. 
Mitsubishi Corporation
Telephone:+81 3 3210 2171
Facsimile:+81 3 5252 7705 
Copyright 2014 JCN Newswire. All rights reserved. www.japancorp.net 
Provider ID: 00029607
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