Results for this period
Interim period (second quarter)1 April 2026 to 30 September 2026ConsolidatedJapanese GAAPThe width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit. The dotted outline is the full-year forecast and the band inside it is the result for this period. The progress rate is the result divided by the forecast.
塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.
Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ thousand).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
Revenue increased due to contributions from hotels opened in the previous and current fiscal years. Operating income declined because of the reversal in demand following the Osaka-Kansai Expo, lower revenue in the Kinki region due to a decline in visitors from China, and higher operating costs at existing hotels. Net income declined because an income tax adjustment of ¥296 million was recorded in connection with the reversal of deferred tax assets.
Not applicable
| Item | Details |
|---|---|
| Fiscal Period Classification | Interim period (second quarter) |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2026 to 30 September 2026 |
| Net Sales | ¥24,823 million (YoY +8.0%) |
| Operating profit | ¥1,423 million (YoY -26.7%) |
| Ordinary income | ¥861 million (YoY -36.4%) |
| Profit attributable to owners of the parent | ¥484 million (YoY -55.8%) |
| Net income per share | ¥2.07 |
| Equity ratio | End of the current fiscal period 48.4 / End of previous period 46.5 |
| Total assets | ¥64,935 million |
| Net assets | ¥31,441 million |
| Cash flows from operating activities | ¥1,638,721 thousand |
| Cash flows from investing activities | ¥-344,087 thousand |
| Cash flows from financing activities | ¥-4,648,230 thousand |
| Cash and cash equivalents at end of period | ¥3,802,653 thousand |
| Full-year earnings forecast | Net Sales ¥54,500 million (YoY +12.4%) / Operating profit ¥4,200 million (YoY +3.9%) / Ordinary income ¥3,000 million (YoY +3.6%) / Net income ¥1,600 million (YoY -65.2%) |
| Annual Dividend Forecast | ¥5 → ¥10（+100.0%） |
| Payout ratio | At least 50% |
| Shareholder Return Policy | The Company targets a consolidated payout ratio of at least 50%, using adjusted net income as the basis for calculating the payout ratio. The policy is to maintain and increase stable dividends linked to earnings. |
| Segment revenue | Hotel Operations Business ¥24,720,134 thousand (YoY +7.6%), Hotel Investment Business ¥102,567 thousand |
| Segment profit | Hotel Operations Business ¥1,936,316 thousand (YoY -20.3%), Hotel Investment Business ¥102,567 thousand |
| Depreciation and amortization | ¥886,010 thousand |
| Breakdown of extraordinary income (loss) | Extraordinary income Not disclosed / Extraordinary loss Loss on disposal of property, plant and equipment ¥20,190 thousand |
| Disclosure regarding the going concern assumption | Not applicable |
| Change in accounting policy | Changes due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No |
| Changes in the scope of consolidation | New 0 companies / Excluded 0 companies / Company name Not disclosed |
| Availability of Supplementary Financial Results Materials | Available |
| Availability of Financial Results Briefing | No |
| Issued Shares at Period-End | 234,072,926 |
| Treasury Shares at Period-End | 0 shares |
| Factors Behind Changes in Business Performance | Revenue increased due to contributions from hotels opened in the previous and current fiscal years. Operating income declined because of the reversal in demand following the Osaka-Kansai Expo, lower revenue in the Kinki region due to a decline in visitors from China, and higher operating costs at existing hotels. Net income declined because an income tax adjustment of ¥296 million was recorded in connection with the reversal of deferred tax assets. |
Items this document does not state (6)
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 increased due to contributions from hotels opened in the previous and current fiscal years. Operating income declined because of the reversal in demand following the Osaka-Kansai Expo, lower revenue in the Kinki region due to a decline in visitors from China, and higher operating costs at existing hotels. Interim net income attributable to owners of the parent declined because an income tax adjustment of ¥296 million was recorded in connection with the reversal of deferred tax assets.