Transition to an operating management contract (MC) model following the transfer of hotel assets
First written in FY2025-H1. 4 of 7 entries say "Restated". Latest entry: 2026-08-13.
No other company in this theme has enough history to compare yet.
- 2026-08-13AdvancedFinancial results presentation materials
「Hotel MC +¥6 million」
Revenue from hotel MC operations was cited as a factor behind the increase in first-quarter sales. - FY2026Full-year application of MC contracts and establishment of the management-contract modelAnnual report
「From the transfer date onward, only management fees, rather than the total sales of the relevant hotels, were recorded as the company's revenue. While this accounting treatment applied for only 9 months in the previous consolidated fiscal year, it applied for the full fiscal year in the current consolidated fiscal year.」
The MC model following the transfer of the hotel assets in July 2024 applied for the full current consolidated fiscal year, establishing the accounting treatment under which only management fees, rather than gross hotel sales, are recorded. - FY2026-H1RestatedAnnual report
「As measures in response, the company is reviewing its pricing strategy in line with market trends, improving services to enhance value and strengthening communications.」
Under the MC model following the transfer of the hotel assets, the company continued reviewing its pricing strategy, improving services and strengthening communications in response to intensifying competition and lower occupancy rates. - FY2025-H1First statedAnnual report
「The company transferred its hotel assets effective 1 July 2024 and began managing the relevant hotels under management contracts (MC contracts). As revenue from the relevant hotels ceased to belong to the company from the transfer date, hotel business revenue declined. However, segment sales calculated by aggregating sales at each location, as in the past, increased across all businesses as follows.」
A new business model involving the transfer of hotel assets and the commencement of management contracts (MC contracts) for the relevant hotels was implemented effective 1 July 2024. While consolidated hotel revenue declined, hotel business revenue increased on a per-location sales basis.