Planning, development and operation of 10 smart hotels by 2020
First written in FY2018-Q1. 6 of 14 entries say "Reframed", first in FY2020-Q2. Latest entry: FY2021.
Remixpoint moved to the "Worse" side of this theme in 2020, 4 years before the typical company in this theme (2024).
2 other companies' latest entry also says "Reframed".
- FY2021ReframedAnnual report
「Accordingly, Other businesses for the consolidated fiscal year include revenue from the marketing consulting business, as well as rental income and gains from the sale of land and buildings in Kagurazaka, Tokyo, that had been handled by the consolidated subsidiary JARVIS.」
The explanation of the travel-related business has shifted from tracking progress on the 10-smart-hotel plan to disclosure under Other businesses, including rental and sale proceeds from the Kagurazaka land and buildings. - FY2021-Q3ReframedAnnual report
「The travel-related business was treated as a reportable segment through the six months ended in the second quarter. Because its importance declined both quantitatively and qualitatively, its profit or loss has been disclosed as part of Other Businesses since the third quarter.」
The focus shifted from explanations directly tracking progress on the former plan for 10 smart hotels to explanations indicating the declining importance of the travel-related business and its inclusion in Other businesses. - FY2021-Q2ReframedAnnual report
「Although BECK Kagurazaka, the building in JARVIS's Kagurazaka project in Tokyo, was completed, it did not contribute to revenue because the building's sublease began in September 2020. In light of the impact of COVID-19, the Company will also consider changing the property's use in the future in an effort to stabilise earnings.」
The focus has shifted from progress updates on the former plan for 10 smart hotels to the completion of the Kagurazaka project, the start of its sublease and consideration of earnings stabilisation, including a change in use in light of COVID-19. - FY2021-Q1ReframedAnnual report
「As the building for JARVIS's Kagurazaka project in Tokyo was still under construction as of 30 June 2020, it did not contribute to revenue. In light of the global impact of COVID-19, the Company will also consider changing the property's use in the future in an effort to stabilise earnings.」
After shifting from the former plan for 10 smart hotels to the Kagurazaka hotel condominium project, the project was still under construction and had not contributed to revenue. The Company's explanation also changed to indicate that it was considering changing the property's use in light of COVID-19. - FY2020-Q3ReframedAnnual report
「Going forward, the company will pursue a business focused on acquiring, developing, and operating hotel condominiums through selectivity and concentration, and is currently advancing a project in Kagurazaka, Tokyo.」
The former plan for 10 smart hotels was not reiterated in the main text for the current quarter. The Company shifted its business policy to the acquisition, development and operation of hotel condominiums and is advancing the Kagurazaka project. - FY2020-Q2ReframedAnnual report
「JARVIS opened its first hotel project, “an/other TOKYO,” in Kyobashi, Tokyo, in May 2019. To restructure its business portfolio and enable JARVIS to pursue businesses with high capital efficiency, it transferred all shares of Another Co., Ltd., the consolidated sub-subsidiary operating an/other TOKYO, as stated in the 27 September 2019 timely disclosure titled “Notice Regarding Change in Consolidated Subsidiary (Sub-subsidiary) through Share Transfer.”」
In its smart hotel rollout, the company opened the first hotel under its own project, while transferring the operating company and shifting its policy so that JARVIS would specialise in planning and development. The previous 10-hotel plan was not reiterated in the main text for the quarter. - FY2020-Q1AdvancedAnnual report
「JARVIS opened its first hotel project, “an/other TOKYO,” in Kyobashi, Tokyo, in May 2019, resulting in initial investment and operating expenses for the project.」
Against the target of developing 4 hotels under its own brand and 6 under other brands by 2020, the company made concrete progress by opening the first hotel under its own project. - FY2019RestatedAnnual report
「In response to increasingly strong demand from inbound travellers, JARVIS is proceeding with the planning and development of smart hotels suited to the times, targeting 4 hotels under its own brand and 6 under other brands by 2020.」
JARVIS continued its plan to develop 4 smart hotels under its own brand and 6 under other brands by 2020, but the development investment projects had not yet contributed to earnings during the fiscal year. - FY2019-Q2AdvancedAnnual report
「In response to increasingly strong demand from inbound travellers, JARVIS is proceeding with the planning and development of smart hotels suited to the times, targeting 4 hotels under its own brand and 6 under other brands by 2020. It proceeded with construction of the first hotel under its own project, which began in December 2017 in Tokyo's Kyobashi district, and prepared for its opening in May 2019. It also began working on hotel development in Tokyo's Azabu district in July 2018.」
Against the target of 4 hotels under its own brand and 6 under other brands by 2020, the company reported concrete progress in preparations to open the first Kyobashi project and hotel development in Tokyo's Azabu district. - FY2019-Q1AdvancedAnnual report
「In response to increasingly strong demand from inbound travelers, JARVIS is proceeding with plans to develop smart hotels suited to the times by 2020, comprising 4 properties under its own brand and 6 under other brands. In December 2017, it began construction of its first hotel project in Ginza, Tokyo, and worked toward launching the business in Azabu, Tokyo, in July 2018.」
Against the target of 4 hotels under its own brand and 6 under other brands by 2020, the company reported concrete progress in preparations to launch a business in Tokyo's Azabu district following the Ginza project. - FY2018RestatedAnnual report
「JARVIS announced plans to plan, develop and operate smart hotels suited to the times by 2020, comprising 4 hotels under its own brand and 6 under other brands, continued preparations for their realisation, and began construction in December on the first hotel under its own project in Tokyo's Ginza district.」
The company reiterated its target of developing 4 hotels under its own brand and 6 under other brands by 2020, as well as the start of construction of the first hotel in Ginza. - FY2018-Q3AdvancedAnnual report
「In response to increasingly strong inbound demand, JARVIS announced plans to plan, develop and operate smart hotels suited to the times by 2020, comprising 4 hotels under its own brand and 6 under other brands, and continued preparations for their realisation. In December, it began construction in Tokyo's Ginza district on the first hotel under its own project.」
Against the target of developing 4 hotels under its own brand and 6 under other brands by 2020, the company reported concrete progress in the start of construction of the first hotel under its own project. - FY2018-Q2RestatedAnnual report
「In response to increasingly strong inbound demand, JARVIS announced plans to plan, develop, and operate smart hotels suited to the times by 2020, comprising 4 properties under its own brand and 6 under other brands, and proceeded with preparations for their realization.」
The company reiterated its target of planning, developing and operating a total of 10 smart hotels by 2020 and continued preparations. - FY2018-Q1First statedAnnual report
「In response to increasingly strong inbound demand, JARVIS announced that it would plan, develop and operate smart hotels suited to the times by 2020, comprising 4 hotels under its own brand and 6 under other brands.」
JARVIS has newly set out a specific plan to plan, develop and operate a total of 10 smart hotels by 2020, comprising 4 under its own brand and 6 under other brands.