A 23-room boutique ryokan reborn from an alleyway of Kyomachiyas built in the Meiji era, which were on the brink of demolition. Nazuna Kyoto Tsubaki St. is a machiya restoration project of unique and unprecedented scale: the renovation of an entire alleyway, driven by a hope to continue to preserve the traditional streetscapes of Kyoto.
A sake microbrewery restored from Suginomori Shuzo, an old brewery in Narai-juku, Nagano that was established in 1793 but had closed its doors in 2012. In the summer of 2021, this historic brewery was restored and rebranded by Kiraku as suginomori brewery, and now produces the original Japanese sake brand 'narai' brewed from the fresh mountain water of Narai and locally produced rice from Azumino.
Kiraku has acquired 33 hectares of developable land in Niseko, Hokkaido, with panoramic views of Mt. Yotei and Mt. Annupuri.
A pair of traditional samurai-style residences turned luxury lodging facilities in the town of Obi in Nichinan City, Miyazaki. Obi, a quaint castle town with streets lined with samurai villas and merchant houses, was the first district in the Kyushu region to be nationally designated as an Important Preservation District for Groups of Historic Buildings. Kiraku opened Kiraku Obi as the beginning of a larger effort to help revitalize this historic town.
A 7-room boutique ryokan renovated from two large Kyomachiyas, formerly a lumber shop in the neighborhood of Ebisugawa-dori. Historically known as Kyoto’s furniture district, Ebisugawa-dori once flourished as a specialty street lined with stores selling traditional Kyoto-style furniture and doors. Nazuna Kyoto Gosho is an effort to preserve the architecture and history of this particular lumber shop, which had long supported the traditional furniture & fittings culture of Kyoto.
Kiraku provides innovative and sustainable business solutions for undervalued assets in Japan.
Our mission is centered on value creation and sustainability :
to identify and capitalize on unique business opportunities that not only create long-term value for investors, various stakeholders and communities, but also preserve Japan’s rich cultural and natural heritage for future generations.
Kiraku is currently based in Kyoto and Tokyo with projects across Japan.
From renovation and turnaround projects to greenfield development projects, from age-old samurai homes to destination hotels, from ryokan operators to dormant sake breweries, we are dedicated to discovering a diverse range of undervalued assets that we believe can be repositioned towards greater value and sustainability.
Kiraku also offers services in financial advisory, asset management, and software development.