Entry into the Travel & Accommodation Business
First written in FY2017-Q1. 10 of 19 entries say "Advanced", first in FY2017-Q2. Latest entry: FY2021.
Remixpoint moved to the "Worse" side of this theme in 2021.
1 other company's latest entry also says "Reframed".
- FY2021ReframedAnnual report
「The travel-related business was treated as an independent 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 travel and accommodation business has shifted in disclosure from being positioned as an independent growth business to being included in Other Businesses because of its reduced importance. - 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.」
For disclosure purposes, the travel-related business was changed from an independent reportable segment to part of Other Businesses. - FY2021-Q2AdvancedAnnual report
「In the same quarter of the previous fiscal year, the company recorded revenue of ¥463 million, partly because it delivered an/other TOKYO, which JARVIS had helped develop. In the six months ended in the second quarter of the current fiscal year, however, although BECK Kagurazaka, JARVIS's Kagurazaka project in Tokyo, had been completed, the building's sublease did not begin until September 2020 and therefore did not contribute to revenue. 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 stabilize earnings.」
BECK Kagurazaka, JARVIS's Kagurazaka project in Tokyo, was completed and subleasing began in September 2020. However, it did not contribute to quarterly revenue, and the company is also considering changing the property's use in light of the impact of COVID-19. - FY2021-Q1ReframedAnnual report
「In the first quarter of the previous fiscal year, the company recorded revenue of ¥457 million, partly because it delivered an/other TOKYO, which JARVIS had helped develop. In the first quarter under review, however, the building in JARVIS's Kagurazaka project in Tokyo was still under construction as of 30 June 2020 and therefore 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 stabilize earnings.」
The travel-related business, which had generated revenue from openings and deliveries in the previous fiscal year, did not contribute to quarterly revenue because the Kagurazaka project was still under construction. In light of the impact of COVID-19, the company has broadened its policy to include changing the property's use as it seeks to stabilize earnings. - FY2020AdvancedAnnual report
「The company has shifted to a business model involving the planning, development, sale and operation of hotels for investment, and is working on its first project in Kagurazaka, Tokyo.」
The company has shifted its business model from a hotel-operations-focused model to the planning, development, sale and operation of hotels for investment, and is proceeding with its first project in Kagurazaka. - FY2020-Q3AdvancedAnnual 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.」
After transferring the operating company of an/other TOKYO, the company indicated a policy of focusing its resources on acquiring, developing and operating hotel condominiums, and is proceeding with a project in Kagurazaka, Tokyo. - 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.”」
After opening its first hotel project, the company transferred the operating company and shifted JARVIS’s portfolio away from accommodation operations toward business planning and development. - 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.」
The smart hotel business progressed from development and opening preparations to the opening of the company’s first hotel project in Kyobashi, Tokyo, in May 2019. - FY2019RestatedAnnual 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. It continued preparations for the May 2019 opening of its first hotel project, “an/other TOKYO,” construction of which began in December 2017 in Kyobashi, Chuo-ku, Tokyo.」
The company continues its plan to develop 10 smart hotels by 2020 and preparations for the May 2019 opening of the Kyobashi project. - FY2019-Q3RestatedAnnual 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. It continued preparations for the May 2019 opening of its first hotel project, construction of which began in December 2017 in Kyobashi, Chuo-ku, Tokyo.」
The company continues to describe its plan to develop 10 smart hotels by 2020 and preparations for the May 2019 opening of the Kyobashi project. No new opening results are reported. - FY2019-Q2AdvancedAnnual 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. It continued construction of its first hotel project, which began in December 2017 in Kyobashi, Chuo-ku, Tokyo, and prepared for its opening in May 2019. It also worked on hotel development in Azabu, Tokyo, from July 2018, and proceeded with hotel development and opening consulting in Kyoto and Fukuoka.」
The company continued its plan to develop 10 smart hotels by 2020 and advanced preparations for the May 2019 opening of the Kyobashi project, development in Azabu, Tokyo, and consulting in Kyoto and Fukuoka. - 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.」
The company continued its plan to develop 10 smart hotels by 2020 and, following construction of its first hotel in Ginza, worked toward launching the business in Azabu, Tokyo, in July 2018. - FY2018-Q3AdvancedAnnual report
「The number of visitors to Japan in 2017 reached a record high of 28.69 million, up 19% year on year, while travel spending rose 18% to ¥4.4161 trillion. 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. In December, it began construction in Tokyo’s Ginza district on its first hotel project.」
Against the backdrop of the expanding inbound market, the company continued preparations for its plan to develop 10 smart hotels and began construction in Ginza in December on its first hotel 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 plan to plan, develop, and operate 4 smart hotels under its own brand and 6 under other brands by 2020 and continued preparations for its realization. - FY2018-Q1AdvancedAnnual report
「Although development investment projects require a considerable period before contributing to revenue, the company was able to record revenue from hotel development consulting and other services. As a result, the segment recorded revenue of ¥14 million and a segment loss (operating loss) of ¥8 million.」
Although the company had previously not recorded revenue, it recorded revenue from hotel development consulting and other services. The travel-related business recorded revenue of ¥14 million and a segment loss of ¥8 million. - FY2017AdvancedAnnual report
「The company is primarily pursuing multiple projects involving the planning and consulting of accommodation facilities. However, because a certain period is required from formulating the business plan through investment and facility operation, it did not record revenue in the current consolidated fiscal year. As a result, the segment recorded a segment loss (operating loss) of ¥20 million.」
The company pursued multiple accommodation-facility planning and consulting projects and began the business, but did not record revenue in the current fiscal year, resulting in a segment loss of ¥20 million. A material contribution to earnings is expected from the next fiscal year onward. - FY2017-Q3RestatedAnnual report
「JARVIS Co., Ltd., a non-consolidated subsidiary not accounted for under the equity method established on 10 August 2016 to develop the travel and accommodation-related business in response to inbound demand, is working intensively to secure contracts for multiple projects involving the planning and consulting of accommodation facilities.」
Since establishing JARVIS, the company has continued working to secure contracts for multiple accommodation-facility planning and consulting projects. - FY2017-Q2AdvancedAnnual report
「JARVIS Co., Ltd., a non-consolidated subsidiary not accounted for under the equity method established on 10 August 2016 to develop the accommodation-related business in response to inbound demand, is working intensively to secure contracts for multiple projects involving the planning and consulting of accommodation facilities.」
Following the establishment of the subsidiary, the company has advanced to the concrete sales stage aimed at securing contracts for multiple projects involving accommodation-facility planning and consulting. - FY2017-Q1First statedAnnual report
「At a meeting of the Board of Directors held on 12 July 2016, the company resolved to establish a subsidiary primarily for the development of the travel and accommodation business, and established JARVIS Co., Ltd. on 10 August 2016.」
The company viewed growing inbound demand as a business opportunity, established a subsidiary, and entered the accommodation and information-services businesses for overseas visitors to Japan.