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Ichigo (2337) · InitiativeUpfront increase in operating costs associated with a larger number of contracts

Entry into the hotel operations business through the establishment of 「博多ホテルズ」

First written in FY2020-Q2. 6 of 12 entries say "Advanced", first in FY2022-Q1. Latest entry: FY2027-H1.

12entries
8years
1from disclosures
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How it moved
ProgressHeldSoftenedWorseRestatedFY2020-Q2 – FY2021-Q2AdvancedFY2022-Q1 – FY2022AdvancedFY2025-Q1 – 2026-07-152019: 12020: 220202021: 220212022: 120222023: 120232024: 220242025: 120252026: 22026
Same theme, other companies
Entry into the hotel complex business and hotel openingA theme 7 companies write about · 0 as a headwind · 7 as a tailwind

1 other company's latest entry also says "Other".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
  1. FY2027-H1Upfront increase in operating costs associated with a larger number of contractsAnnual report

    「Meanwhile, total stock revenue decreased 7% year on year due to lower distributions from Ichigo Hotel and the impact of a temporary upfront increase in operating costs associated with a larger number of contracts in operator revenue.」

    The company states that operating costs temporarily increased ahead of revenue as the number of hotel management contracts increased.
  2. 2026-07-15AdvancedFinancial results presentation

    「Operating 21 properties (3,102 rooms) in major cities」

    One Five Hotels is reported to operate 21 properties with 3,102 rooms in major cities.
  3. FY2025AdvancedAnnual report

    「Along with variable hotel rents, operating revenue from the Company’s wholly owned hotel operator, ワンファイブホテルズ株式会社, increased.」

    Growth in operating revenue driven by ワンファイブホテルズ contributed to the expansion of recurring revenue in the hotel business.
  4. FY2025-Q1AdvancedAnnual report

    「Along with variable hotel rents, operating revenue increased as a result of growth at the Company’s wholly owned hotel operator, ワンファイブホテルズ株式会社.」

    Growth at ワンファイブホテルズ increased hotel operating revenue and drove the expansion of recurring revenue.
  5. FY2024ReframedAnnual report

    「Operating revenue from the wholly owned hotel operator ワンファイブホテルズ株式会社, established in the fiscal year ending February 2020, contributed to and drove the expansion of recurring revenue.」

    The former 博多ホテルズ株式会社 is stated as ワンファイブホテルズ株式会社, with hotel operating revenue described as driving the expansion of recurring revenue.
  6. FY2024-Q2ReframedAnnual report

    「Operating revenue from the hotel operator ワンファイブホテルズ株式会社, a wholly owned subsidiary established in the fiscal year ending February 2020, increased and drove growth in recurring revenue.」

    The hotel operator’s name is stated as ワンファイブホテルズ株式会社 (formerly 博多ホテルズ株式会社), with growth in operating revenue described as driving the expansion of recurring revenue.
  7. FY2022AdvancedAnnual report

    「Amid challenging hotel operating conditions nationwide, the Company is supporting the operations of hotels owned by いちごホテル through its group company 博多ホテルズ, which was managing 5 hotels as of the end of the period.」

    Regarding hotel operating support by 博多ホテルズ, the number of hotels owned by いちごホテル under management reached 5 as of the end of the period.
  8. FY2022-Q2AdvancedAnnual report

    「Amid difficult hotel operating conditions nationwide, we supported the operation of hotels owned by Ichigo Hotel through our group company Hakata Hotels, and were entrusted with the operation of 4 hotels in the second quarter.」

    具体的な進展として、博多ホテルズ受託した the operations of 4 hotels owned by いちごホテル in the second quarter.
  9. FY2022-Q1AdvancedAnnual report

    「Amid difficult hotel operating conditions nationwide, we supported the operation of hotels owned by Ichigo Hotel through our group company Hakata Hotels, and were entrusted with the operation of 3 hotels in the first quarter.」

    具体的な進展として、博多ホテルズ受託した the operations of 3 hotels owned by いちごホテル in the first quarter.
  10. FY2021-Q2RestatedAnnual report

    「Specifically, last year the Company established the hotel management company “博多ホテルズ” and is seeking to further enhance hotel value and expand earnings by leveraging the expertise it has developed through owning and operating numerous hotels.」

    Continuing the hotel management business through 博多ホテルズ, leveraging expertise developed through hotel ownership and operations.
  11. FY2021-Q1RestatedAnnual report

    「Specifically, last year the Company established the hotel management company “博多ホテルズ” and is seeking to further enhance hotel value and expand earnings by leveraging the expertise it has developed through owning and operating numerous hotels.」

    Continuing the hotel management business through 博多ホテルズ, leveraging expertise in hotel ownership and operations.
  12. FY2020-Q2First statedAnnual report

    「The Company entered the hotel management business because it believes that it can further enhance hotel value and expand earnings by leveraging the expertise it has developed through owning and operating numerous hotels. Going forward, it will operate approximately 700 rooms across 7 hotels, ranging from full-service to casual hotels, primarily in Hakata, regardless of grade or class.」

    Explicitly entering the hotel management business, operating approximately 700 rooms across 7 hotels primarily in Hakata by leveraging expertise developed through hotel ownership and operations. It also identifies the development of its own brands and support for partners entering the industry from other sectors.
Moved together

"Business Model Combining Rental Income During the Holding Period with Gains on Sale After Enhancing Asset Values" moved the same way as this thread, in the same document, in 6 of its 12 moves.

665543★123456
  1. ★This thread
  2. 1Business Model Combining Rental Income During the Holding Period with Gains on Sale After Enhancing Asset Values6×
  3. 2Flexible capital policy through share buybacks6×
  4. 3Recovery of Funds and Realization of Gains Through Asset Sales5×
  5. 4Sponsor Support for Ichigo Office REIT and Ichigo Hotel REIT5×
  6. 5Advancing the Clean Energy Business, Including Solar Power Generation4×
  7. 6Improving Borrowing Terms by Extending Maturities and Reducing Interest Costs3×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
No upcoming earnings preview for Ichigo yet. It last moved in the Financial results presentation of 2026-07-15: "Advanced".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.
Entry into the hotel operations business through the establishment of 「博多ホテルズ」 | Ichigo Inc. (2337) | Komori