Revised forecast
Fiscal year ending February 2026 · Full yearPrevious forecast published 10 October 2025The bar length represents the relative magnitude of change, based on the item that changed the most in this document. The percentage change shown by the dotted line is calculated from the two reported figures because the company did not provide the rate.
In the hotel business, recovery at outdoor resort facilities was delayed, and there were challenges with weekday and winter operating arrangements and utilization. On a consolidated basis, the accelerated disposal of unprofitable properties, labor shortages, and rising prices also had an impact. In addition, the revision reflects a ¥12 million gain on sale of investment securities, a ¥93 million loss on investments in investment partnerships, ¥617 million in impairment losses, and a ¥402 million adjustment to income taxes and other taxes resulting from the reversal of deferred tax assets.
Impairment losses of ¥617 million. In addition, a ¥93 million loss on investments in investment partnerships and a ¥402 million adjustment to income taxes and other taxes resulting from the reversal of deferred tax assets are expected to be recorded.
| Item | Details |
|---|---|
| Net Sales | Consolidated 8,031 / Individual 3,842 → Consolidated 7,902 / Individual 3,773（Consolidated -1.6 / Individual -1.8） |
| Operating profit | Consolidated 167 / Individual 27 → Consolidated 130 / Individual 15（Consolidated -22.2 / Individual -44.4） |
| Ordinary income | Consolidated 89 / Individual -22 → Consolidated -64 / Individual -150 |
| Profit attributable to owners of the parent | Consolidated -44 / Individual -113 → Consolidated -1,140 / Individual -1,174 |
| Net income per share | Consolidated -8.96 / Individual -22.9 → Consolidated -230.91 / Individual -237.88 |
| Fiscal Period Covered | Fiscal year ending February 2026 |
| Period Covered | Full year |
| Publication date of previous forecast | 10 October 2025 |
| Previous-period results | Consolidated Operating revenue 7,822 / Operating profit 421 / Ordinary income 385 / Profit attributable to owners of the parent 1,123 / Net income per share 227.51 / Individual Operating revenue 3,444 / Operating profit 279 / Ordinary income 296 / Net income for the current fiscal year 1,089 / Net income per share 220.78 |
| Reason for the revision | In the hotel business, recovery at outdoor resort facilities was delayed, and there were challenges with weekday and winter operating arrangements and utilization. On a consolidated basis, the accelerated disposal of unprofitable properties, labor shortages, and rising prices also had an impact. In addition, the revision reflects a ¥12 million gain on sale of investment securities, a ¥93 million loss on investments in investment partnerships, ¥617 million in impairment losses, and a ¥402 million adjustment to income taxes and other taxes resulting from the reversal of deferred tax assets. |
| Details and amount of extraordinary loss | Impairment losses of ¥617 million. In addition, a ¥93 million loss on investments in investment partnerships and a ¥402 million adjustment to income taxes and other taxes resulting from the reversal of deferred tax assets are expected to be recorded. |
| Consolidated / non-consolidated | Consolidated / non-consolidated (standalone) |
Items this document does not state (1)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.Although business hotels and unit-type hotels continued to recover, the recovery of outdoor resort facilities was delayed, and there were challenges with weekday and winter operating arrangements and utilization. As a result, revenue and operating profit are expected to fall below the previous forecast. On a consolidated basis, the decline in revenue resulting from the accelerated disposal of unprofitable properties, as well as higher costs due to labor shortages and rising prices, also had an impact. The revision further reflects a ¥93 million loss on investments in investment partnerships, ¥617 million in impairment losses, and a ¥402 million adjustment to income taxes and other taxes resulting from the reversal of deferred tax assets.