Komori
Earnings presentation3010Polaris Holdings Co.,Ltd.Information and Communications, Services and Others

Financial Results Briefing Materials for the Fiscal Year Ending March 2026

For the fiscal year ended March 2026, revenue, operating income, ordinary income and net income all exceeded the latest forecasts, resulting in substantial year-on-year increases in both revenue and profit. In addition to higher earnings from existing hotels and new openings, the business integration with ミナシア boosted results, and the dividend was increased to ¥5 from the initial forecast of ¥3.

Worth reading
70In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Improvement
Direction inferred from the company’s description.
Scale
1469
¥ million (increase in revenue versus forecast)
Wording
—
How definitive the wording is.

Contents of this document

Earnings presentationFiscal year ending March 202612 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales48,469 million yen+79.0%
Operating profit5,346 million yen+122.0%
Ordinary income4,200 million yen+181.0%
Net income5,900 million yen+167.0%
Results for the three months of the current quarter
Net Sales
13,046 million yen+14.0%
Operating profit
1,497 million yen+3.0%
Full-year earnings forecast
Fiscal Period CoveredFiscal year ending March 2027
Net Sales
54,500 million yen
Operating profit
5,504 million yen
Ordinary income
4,304 million yen
Profit before income taxes for the period
4,304 million yen
Profit attributable to owners of the parent
2,903 million yen
Pre-tax EPS
18.4 yen
Dividends
5 yen
Progress against full-year forecast　通期の予想に対して、いまどこまで進んだかの割合です。
Net Sales103 % percentage of forecast achieved
Operating profit107 % percentage of forecast achieved
Ordinary income108 % percentage of forecast achieved
Profit attributable to owners of the parent111 % percentage of forecast achieved
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Results exceeded the latest forecast
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
  • RevPAR growth at existing hotels5 %
  • New hotel openings in the fiscal year ending March 20275 Hotels
New initiatives
  • Decision to launch the new kokonoyu brand
  • Launch of a master lease scheme with an international brand as partner
  • Won an advisory contract for an upscale hotel in Niseko
  • Co-investment with the sponsor group in hotels in Osaka and Kaihin-Makuhari
  • Completed the rebranding of all hotels as KOKO HOTELS
Key KPIsA metric the company considers important as a management benchmark.
  • Comparable hotels65 Hotels
  • Room occupancy rate90.2 %
    Year on year against the same period last year+2.5 percentage points
  • ADR12,954 yen
    Year on year against the same period last year+8.2%
  • RevPAR11,682 yen
    Year on year against the same period last year+11.3%
  • Inbound guest ratio51.7 %
    Year on year against the same period last year+4.0 percentage points
  • 2025 inbound visitor arrivals43 million people
    Year on year against the same period last yearRecord high
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Room occupancy rate
90.2 %
ADR
12,954 yen
RevPAR
11,682 yen
Medium-term management plan targets
Generally achieved each target one year ahead of schedule
Financial targets
Equity ratio
Fiscal year ending March 202542.2 %
Fiscal year ending March 202646.5 %
Market Size / Share
Ranking by number of rooms at domestic limited-service hotels8th (as of the end of April 2026)
Number of hotels operated by the company114 Hotels, rooms
Number of rooms owned by the company16,332 Hotels, rooms
Orders received and order backlog
Number of new projects won11 Engagements
Number of stores and locations
End of period100 Hotels including hotels scheduled to be operated as of 13 May 2026
Hotels opened during the period8 Hotels including hotels scheduled to be operated as of 13 May 2026
Contracted openings scheduled21 Hotels including hotels scheduled to be operated as of 13 May 2026
Annual Dividend
Fiscal year ending March 2026
Annual5 yen
Forecast for the fiscal year ending March 2027
Annual5 yen
Payout ratio
Adjusted dividend payout ratio for the fiscal year ended March 202642.7 %
Forecast adjusted dividend payout ratio for the fiscal year ending March 202739.7 %
Contents of this document
ItemDetails
Document typeEarnings presentation
Fiscal Period CoveredFiscal year ending March 2026
Net Sales48,469 million yen (YoY +79.0%)
Operating profit5,346 million yen (YoY +122.0%)
Ordinary income4,200 million yen (YoY +181.0%)
Net income5,900 million yen (YoY +167.0%)
Results for the three months of the current quarterNet Sales 13,046 million yen (YoY +14.0%) / Operating profit 1,497 million yen (YoY +3.0%)
Full-year earnings forecastFiscal Period Covered Fiscal year ending March 2027 / Net Sales 54,500 million yen / Operating profit 5,504 million yen / Ordinary income 4,304 million yen / Profit before income taxes for the period 4,304 million yen / Profit attributable to owners of the parent 2,903 million yen / Pre-tax EPS 18.4 yen / Dividends 5 yen
Progress against full-year forecastNet Sales 103 % (percentage of forecast achieved) / Operating profit 107 % (percentage of forecast achieved) / Ordinary income 108 % (percentage of forecast achieved) / Profit attributable to owners of the parent 111 % (percentage of forecast achieved)
Self-assessment against the planResults exceeded the latest forecast
Key KPIsIndicator name Comparable hotels / Value 65 Hotels / Year on year against the same period last year Not disclosed, Indicator name Room occupancy rate / Value 90.2 % / Year on year against the same period last year +2.5 percentage points, Indicator name ADR / Value 12,954 yen / Year on year against the same period last year 8.2 yen, Indicator name RevPAR / Value 11,682 yen / Year on year against the same period last year 11.3 yen, Indicator name Inbound guest ratio / Value 51.7 % / Year on year against the same period last year +4.0 percentage points, Indicator name 2025 inbound visitor arrivals / Value 43 million people / Year on year against the same period last year Record high
Unit price and quantity metricsRoom occupancy rate 90.2 % / ADR 12,954 yen / RevPAR 11,682 yen
Number of stores and locationsEnd of period 100 Hotels (including hotels scheduled to be operated as of 13 May 2026) / Hotels opened during the period 8 Hotels (including hotels scheduled to be operated as of 13 May 2026) / Contracted openings scheduled 21 Hotels (including hotels scheduled to be operated as of 13 May 2026)
Assumptions Underlying the Business OutlookItem RevPAR growth at existing hotels / Value 5 %, Item New hotel openings in the fiscal year ending March 2027 / Value 5 Hotels
Medium-term management plan targetsGenerally achieved each target one year ahead of schedule
Financial targetsEquity ratio Fiscal year ending March 2025 42.2 % / Fiscal year ending March 2026 46.5 %
Annual DividendFiscal year ending March 2026 Annual 5 yen / Forecast for the fiscal year ending March 2027 Annual 5 yen / Interim and Year-End Breakdown Not disclosed
Payout ratioAdjusted dividend payout ratio for the fiscal year ended March 2026 42.7 % / Forecast adjusted dividend payout ratio for the fiscal year ending March 2027 39.7 %
Orders received and order backlogNumber of new projects won 11 Engagements
Market Size / ShareRanking by number of rooms at domestic limited-service hotels 8th (as of the end of April 2026) / Number of hotels operated by the company 114 Hotels, rooms / Number of rooms owned by the company 16,332 Hotels, rooms
New initiativesDecision to launch the new kokonoyu brand, Launch of a master lease scheme with an international brand as partner, Won an advisory contract for an upscale hotel in Niseko, Co-investment with the sponsor group in hotels in Osaka and Kaihin-Makuhari, Completed the rebranding of all hotels as KOKO HOTELS
Items this document does not state (10)
Gross Profit MarginOperating profit marginSelling, general and administrative expensesSegment resultsBreakdown of Factors Affecting the ChangeNumber of employeesRisk amount incorporated into the outlookAcquisition of treasury sharesCapital expendituresKey points of the Q&A

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.

Revenue and profit increased owing to the business integration with ミナシア, new openings and higher earnings from existing operating hotels. At existing hotels, RevPAR increased 11.3% year on year, supported by solid inbound demand and other factors. Net income also increased substantially, largely due to the approximately ¥1.9 billion impact of income taxes—deferred associated with the recognition of deferred tax assets.

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Financial Results Briefing Materials for the Fiscal Year Ending March 2026 | Polaris Holdings Co.,Ltd. (3010) timely disclosure | Komori