Dependence on Hotel Industry and Inbound Tourism Trends
First written in FY2021. 7 of 15 entries say "Mitigated", first in FY2023-Q1. Latest entry: 2026-08-07.
0 other companies' latest entry also says "Mitigated".
- 2026-08-07MitigatedEarnings
「Amid robust demand for new hotels and mattress replacements, orders remained high as the continued adoption of existing brands was supplemented by the new adoption of KING KOIL.」
Indicated that orders related to hotel demand remained at a high level. - FY2026MitigatedAnnual report
「With hotel occupancy remaining at a high level due to the increase in inbound visitors, orders remained strong, supported by demand for new hotels and mattress replacements. As a result, orders increased by ¥120 million from the previous interim accounting period to ¥656 million.」
Although dependence on hotel and inbound trends remains, sales to commercial facilities increased by ¥120 million year on year, driven by improved hotel occupancy and demand for new hotels and replacements. - 2026-05-14MitigatedFinancial Results Presentation
「Hotel occupancy rates remained high as inbound tourism increased, and demand for new hotels and mattress replacements was robust.」
Indicated high hotel occupancy rates and robust demand for new hotels and mattress replacements, showing that the recovery in hotel demand continued. - FY2025-H1MitigatedAnnual report
「During the current interim accounting period, demand for investment in hotel renovations and new projects remained strong, with the trend of increasing orders unchanged. The company also secured large-scale projects, resulting in an increase of ¥206 million from the previous interim accounting period to ¥536 million.」
Strong investment demand for hotel renovations and new projects drove sales to commercial facilities up ¥206 million year on year. The recovery in hotel demand is reflected in sales. - FY2024Hotel occupancy improved, but sales fell as investment demand shifted to the next fiscal yearAnnual report
「Amid a succession of announcements by real estate companies and foreign hotel operators of investment plans targeting inbound spending, we have already received inquiries equivalent to our full-year sales for the fiscal year ended March 2024. However, as this investment demand will be pushed back to the next fiscal year, sales decreased by ¥147,708 thousand from the previous fiscal year.」
Hotel occupancy and inquiries improved, but recognition of sales from investment demand shifted to the next fiscal year, resulting in lower sales to commercial facilities. - FY2024-Q3Investment demand is on a recovery trend, but implementation has been pushed back to the next fiscal yearAnnual report
「Sales to commercial facilities decreased by ¥74.351 million versus the cumulative period of the same quarter of the previous year. Hotel occupancy rates have improved year on year, demand for investment in mattress renovations and new projects is recovering from the COVID-19 pandemic, and the company's current projects have increased year on year. However, this investment demand is expected to be pushed into the next fiscal year.」
Hotel occupancy and current projects improved, but investment demand for hotel renovations and new projects is expected to materialize next fiscal year, resulting in lower related sales. - FY2024-Q2Investment recovery slows despite improved occupancy ratesAnnual report
「Sales to commercial facilities increased by ¥2.612 million versus the cumulative period of the same quarter of the previous year. Although hotel occupancy rates have been improving year on year, the hotel industry is facing labor shortages after many employees left during the COVID-19 pandemic, and demand for investment in mattress renovations and new projects remains slow to recover.」
Occupancy rates improved and sales to commercial facilities increased by ¥2.612 million year on year, but labor shortages continued to weigh on the recovery in investment demand for hotel renovation and new projects. - FY2024-Q1Investment timing pushed back by order recovery and labor shortagesAnnual report
「Sales to commercial facilities increased by ¥33.909 million versus the cumulative period of the same quarter of the previous year. Hotel occupancy rates have been improving year on year, and the company's current hotel orders have also increased, showing signs of recovery. However, the hotel industry is facing labor shortages after many employees left during the COVID-19 pandemic, and investment in renovations and new projects is expected to begin from the third quarter onward.」
While orders from hotels recovered and sales to commercial facilities also increased, labor shortages in the hotel industry mean that investment in renovation and new projects is expected to be pushed back to the third quarter or later. - FY2023MitigatedAnnual report
「Our current orders from hotels also increased, rising by ¥250.417 million from the previous fiscal year.」
Although the risk of dependence on the hotel industry remains, orders from hotels increased by ¥250.417 million year on year, and related sales recovered. - FY2023-Q3MitigatedAnnual report
「Sales to commercial facilities had continued to decline through the second quarter compared with the cumulative total for the same period of the previous fiscal year, but the government-funded nationwide travel subsidy program began in October 2022, improving hotel occupancy rates year on year. As a result, although a full recovery in renovation and new investment in hotel mattresses is not yet in sight, sales turned from a decline to an increase of ¥69.976 million from the cumulative total for the same period of the previous fiscal year.」
Hotel occupancy rates improved, and sales to commercial facilities, including hotel-related sales, turned from a decline to an increase. However, a full recovery in new investment and renovation demand for hotel mattresses is still not in sight. - FY2023-Q2MaterialisedAnnual report
「Sales to commercial facilities declined by ¥33.660 million from the cumulative total for the same period of the previous fiscal year, as demand recovery in the hotel industry remained sluggish amid the prolonged pandemic and the comparison period coincided with a state of emergency.」
The hotel industry's sluggish demand recovery continued to be reflected in a decline in sales to commercial facilities, including hotel-related sales. - FY2023-Q1MitigatedAnnual report
「Although a full recovery in demand from hotels is still expected to take time, sales to commercial facilities have exceeded the cumulative total for the same period of the previous fiscal year.」
Although hotel-related demand is still recovering, sales to commercial facilities, including hotel-related sales, exceeded the previous year's level. - FY2022MaterialisedAnnual report
「Meanwhile, within sales to commercial facilities, the hotel industry was heavily affected by the spread of COVID-19. The postponement or cancellation of plans to open new hotels and renovate existing ones resulted in a substantial decline in our hotel-related sales.」
The postponement or cancellation of hotel opening and renovation plans occurred and was reflected in operating results as a decline in hotel-related sales. - FY2022-Q3MaterialisedAnnual report
「Meanwhile, demand in the hotel industry continued to languish amid the spread of COVID-19, and the spread of new variants led to the postponement or cancellation of hotel construction and renovation plans, affecting our sales to commercial facilities.」
It stated that weak demand in the hotel industry and the postponement or cancellation of projects affected sales to commercial facilities, including hotel-related transactions. - FY2021First statedAnnual report
「We conduct sales activities with the hotel industry as our customer base, and the hotel industry is affected by fluctuations in domestic and inbound tourist numbers.」
It explained that sales to commercial facilities accounted for 9.2% of total sales, with hotels making up the majority, and that demand actually weakened during the COVID-19 pandemic.