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Summary of Q&ASecond quarter of the fiscal year ending December 202610 items taken from the company’s own explanation
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Travel business: broadly within expectations; hotel business: exceeded expectations at the 3 existing hotels excluding Sapporo; bus business: below planKey points of the Q&AKey questions raised by investors at the briefing and the company's answers
Progress against plan; reasons for the declines in revenue and profit; outlook for a recovery in the Chinese market; developing demand from Europe, North America and Australia; response to intensifying competition in the bus business; synergies among the 3 businesses; use of the former Sapporo hotel site; progress toward monetization of the new systemBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Sluggish Chinese market; situation in the Middle East; lower hotel room rates; intensifying competition for bus contracts; closure of T Mark City Hotel Sapporo
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
The full-year earnings forecast was prepared without factoring in a full-scale recovery of the Chinese market during the current fiscal yearNew initiatives
Participation in overseas travel fairs; increased sales efforts targeting local travel agencies; expansion of Gorilla's API integrations; bringing forward development of some new system functions; improvements to existing systems; review of the server environment; use of AI in day-to-day operations; development of demand for domestic travel and airport transfersKey KPIsA metric the company considers important as a management benchmark.
International visitors to Japan: approximately 3.44 million (July 2026, a record high for July)Unit price and quantity metricsThese figures show sales broken down by price and volume.
The company referred to hotel room rates, but the combined figures for rates and volume were Not disclosedSegment results
Travel business: broadly within expectations; hotel business: exceeded expectations at the 3 existing hotels excluding Sapporo; bus business: below plan. Amounts and year-on-year comparisons: Not disclosedMarket Size / Share
International visitors to Japan in July 2026: approximately 3.44 millionAnnual Dividend
The dividend forecast was unchanged. Amount: Not disclosed| Item | Details |
|---|---|
| Document type | Summary of Q&A |
| Fiscal Period Covered | Second quarter of the fiscal year ending December 2026 |
| Self-assessment against the plan | Travel business: broadly within expectations; hotel business: exceeded expectations at the 3 existing hotels excluding Sapporo; bus business: below plan |
| Segment results | Travel business: broadly within expectations; hotel business: exceeded expectations at the 3 existing hotels excluding Sapporo; bus business: below plan. Amounts and year-on-year comparisons: Not disclosed |
| Breakdown of Factors Affecting the Change | Sluggish Chinese market; situation in the Middle East; lower hotel room rates; intensifying competition for bus contracts; closure of T Mark City Hotel Sapporo |
| Key KPIs | International visitors to Japan: approximately 3.44 million (July 2026, a record high for July) |
| Unit price and quantity metrics | The company referred to hotel room rates, but the combined figures for rates and volume were Not disclosed |
| Assumptions Underlying the Business Outlook | The full-year earnings forecast was prepared without factoring in a full-scale recovery of the Chinese market during the current fiscal year |
| Annual Dividend | The dividend forecast was unchanged. Amount: Not disclosed |
| Market Size / Share | International visitors to Japan in July 2026: approximately 3.44 million |
| Key points of the Q&A | Progress against plan; reasons for the declines in revenue and profit; outlook for a recovery in the Chinese market; developing demand from Europe, North America and Australia; response to intensifying competition in the bus business; synergies among the 3 businesses; use of the former Sapporo hotel site; progress toward monetization of the new system |
| New initiatives | Participation in overseas travel fairs; increased sales efforts targeting local travel agencies; expansion of Gorilla's API integrations; bringing forward development of some new system functions; improvements to existing systems; review of the server environment; use of AI in day-to-day operations; development of demand for domestic travel and airport transfers |
Items this document does not state (19)
Net SalesOperating profitOrdinary incomeNet incomeGross Profit MarginOperating profit marginSelling, general and administrative expensesResults for the three months of the current quarterFull-year earnings forecastProgress against full-year forecastNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsPayout ratioAcquisition of treasury sharesCapital expendituresOrders received and order backlog
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.The sluggish Chinese market, the situation in the Middle East, lower hotel room rates, intensifying competition for bus contracts, and the closure of T Mark City Hotel Sapporo were factors behind the declines in revenue and profit. In the bus business, low-priced bids from bus operators whose main customers had been Chinese travelers intensified competition.
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