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Daiwa (8247) · FactHotel business: higher revenue and widening ordinary loss, followed by transfer

The hotel business became a reportable segment due to its increased quantitative significance

First written in FY2017-Q3. 11 of 36 entries say "Restated". Latest entry: FY2027-H1.

36entries
10years
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ProgressHeldSoftenedWorseOtherFY2017-Q3 – FY20262017: 420172018: 320182019: 420192020: 420202021: 420212022: 320222023: 420232024: 420242025: 220252026: 42026
Same theme, other companies
Creation of a separate reportable segment due to the growing significance of the hotel businessA theme 1 companies write about · 0 as a headwind · 0 as a tailwind

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Full recordFilings, disclosures and news, newest first
  1. FY2027-H1Hotel business: higher revenue and widening ordinary loss, followed by transferAnnual report

    「The hotel business reported net sales of ¥603 million, up 3.6% year on year, and an ordinary loss of ¥9 million, compared with an ordinary loss of ¥5 million in the same period of the previous year.」

    The hotel business reported higher revenue, while its ordinary loss widened from ¥5 million to ¥9 million. In addition, the transfer of shares in and loan receivables from 金沢ニューグランドホテル was disclosed as a subsequent event.
  2. FY2026Hotel operations posted lower sales and a narrower ordinary lossAnnual report

    「The hotel business reported revenue of ¥1,236 million, down 0.7% year on year, and an ordinary loss of ¥28 million, compared with an ordinary loss of ¥36 million in the previous consolidated fiscal year.」

    Revenue from the hotel business decreased 0.7% year on year, but the ordinary loss narrowed from ¥36 million to ¥28 million.
  3. FY2026-H1Hotel operations posted lower sales and a narrower ordinary lossAnnual report

    「The hotel business reported revenue of ¥582 million, down 2.9% year on year, and an ordinary loss of ¥5 million, compared with an ordinary loss of ¥10 million in the same period of the previous year.」

    Revenue from the hotel business decreased 2.9% year on year, but the ordinary loss narrowed from ¥10 million to ¥5 million.
  4. FY2025The hotel business increased revenue and narrowed its ordinary lossAnnual report

    「The hotel business reported revenue of ¥1,245 million, up 13.4% year on year, and an ordinary loss of ¥36 million, compared with an ordinary loss of ¥129 million in the previous consolidated fiscal year.」

    Revenue from the hotel business increased 13.4% year on year, and the ordinary loss narrowed from ¥129 million to ¥36 million, but the business remained loss-making.
  5. FY2025-H1The hotel business increased revenue and narrowed its ordinary lossAnnual report

    「The hotel business reported revenue of ¥600 million, up 26.0% year on year, and an ordinary loss of ¥10 million, compared with an ordinary loss of ¥91 million in the same period of the previous year.」

    Revenue from the hotel business increased 26.0% year on year, and the ordinary loss narrowed from ¥91 million to ¥10 million, but the business remained loss-making.
  6. FY2025-Q1The hotel business increased revenue and returned to ordinary profitabilityAnnual report

    「The hotel business reported revenue of ¥322 million, up 28.3% from the same quarter of the previous year, and ordinary profit of ¥11 million, compared with an ordinary loss of ¥29 million in the same quarter of the previous year.」

    Revenue from the hotel business increased 28.3% year on year, and the business turned from an ordinary loss in the previous year to ordinary profit of ¥11 million.
  7. FY2024Hotel operations posted higher sales and a narrower ordinary lossAnnual report

    「The hotel business had been on a recovery trend, but banquet demand declined following the earthquake, and performance remained challenging.」

    The hotel business reported revenue of ¥1,098 million, up 23.6% year on year, while an ordinary loss of ¥129 million continued. The decline in banquet demand following the earthquake was also noted.
  8. FY2024-Q3Hotel operations posted higher sales and a narrower ordinary lossAnnual report

    「The hotel business reported revenue of ¥728 million, up 27.6% from the same quarter of the previous year, and an ordinary loss of ¥104 million, compared with an ordinary loss of ¥160 million in the same quarter of the previous year.」

    Revenue from the hotel business increased 27.6% year on year, and the ordinary loss narrowed from ¥160 million to ¥104 million, but the business remained loss-making.
  9. FY2024-Q2Hotel operations posted higher sales and a narrower ordinary lossAnnual report

    「Hotel operations generated sales of ¥476 million, up 26.9% year on year, and an ordinary loss of ¥91 million, compared with an ordinary loss of ¥114 million in the same period of the previous year.」

    Hotel operations posted a 26.9% year-on-year increase in sales, while the ordinary loss narrowed from ¥114 million to ¥91 million, but losses continued.
  10. FY2024-Q1Hotel operations posted higher sales and a narrower ordinary lossAnnual report

    「Hotel operations generated sales of ¥251 million, up 38.5% year on year, and an ordinary loss of ¥29 million, compared with an ordinary loss of ¥48 million in the same period of the previous year.」

    Hotel operations posted a 38.5% year-on-year increase in sales, while the ordinary loss narrowed from ¥48 million to ¥29 million, but losses continued.
  11. FY2023Hotel operations posted higher sales and a narrower ordinary lossAnnual report

    「Although domestic travel showed signs of movement, hotel operations continued to post challenging results because recovery in inbound travel and demand for large banquets was delayed.」

    Hotel operations generated sales of ¥888 million, and the ordinary loss narrowed from ¥240 million in the previous consolidated fiscal year to ¥196 million, but losses continued.
  12. FY2023-Q3Hotel operations posted higher sales and a narrower ordinary lossAnnual report

    「Hotel operations generated sales of ¥599 million, compared with sales of ¥362 million in the same period of the previous year, and an ordinary loss of ¥160 million, compared with an ordinary loss of ¥183 million in the same period of the previous year.」

    Hotel operations posted higher sales than in the same period of the previous year, while the ordinary loss narrowed from ¥183 million to ¥160 million, but losses continued.
  13. FY2023-Q2Hotel operations posted higher sales and a narrower ordinary lossAnnual report

    「Hotel operations generated sales of ¥375 million, compared with sales of ¥199 million in the same period of the previous year, and an ordinary loss of ¥114 million, compared with an ordinary loss of ¥160 million in the same period of the previous year.」

    Hotel operations posted higher sales, and the ordinary loss narrowed from ¥160 million to ¥114 million, but losses continued, partly due to the impact of the seventh wave of infections.
  14. FY2023-Q1Hotel operations posted higher sales and a narrower ordinary lossAnnual report

    「Hotel operations generated sales of ¥181 million, compared with sales of ¥91 million in the same period of the previous year, and an ordinary loss of ¥48 million, compared with an ordinary loss of ¥83 million in the same period of the previous year.」

    Hotel operations posted higher sales year on year, while the ordinary loss narrowed from ¥83 million to ¥48 million, but losses continued.
  15. FY2022-Q3Hotel operations posted higher sales and a narrower ordinary lossAnnual report

    「Hotel operations generated sales of ¥362 million, up 21.1% year on year, and an ordinary loss of ¥183 million, compared with an ordinary loss of ¥284 million in the same period of the previous year.」

    Hotel operations posted a 21.1% year-on-year increase in sales, and the ordinary loss also narrowed from the previous year, but losses continued due to the decline in banquet demand and other factors.
  16. FY2022-Q2Hotel operations posted higher sales and a narrower ordinary lossAnnual report

    「Hotel operations generated sales of ¥199 million, up 48.0% year on year, and an ordinary loss of ¥160 million, compared with an ordinary loss of ¥267 million in the same period of the previous year.」

    Hotel operations posted a 48.0% year-on-year increase in sales, while the ordinary loss narrowed from ¥267 million to ¥160 million, but losses continued.
  17. FY2022-Q1Hotel operations posted higher sales and a narrower ordinary lossAnnual report

    「Hotel operations generated sales of ¥91 million, up 58.9% year on year, and an ordinary loss of ¥83 million, compared with an ordinary loss of ¥155 million in the same period of the previous year.」

    Hotel operations posted higher sales year on year, and the ordinary loss also narrowed from the previous year, but losses continued.
  18. FY2021Hotel operations posted a sharp full-year decline in sales and a wider ordinary lossAnnual report

    「Hotel operations had been gradually recovering due to various support measures, including the Go To Campaign launched in July last year. However, temporary closures in the first half, a substantial decline in banquet demand and the suspension of Go To Travel at the end of December following the arrival of the third wave of COVID-19 infections all had a significant impact. As a result, sales were ¥497 million, down 63.0% from the previous fiscal year, and the ordinary loss was ¥364 million, compared with an ordinary loss of ¥13 million in the previous fiscal year.」

    Hotel operations posted a 63.0% full-year decline in sales, while the ordinary loss widened from ¥13 million in the previous fiscal year to ¥364 million.
  19. FY2021-Q3Hotel operations posted lower sales and a wider ordinary lossAnnual report

    「Hotel operations generated sales of ¥299 million, down 70.5% year on year, and an ordinary loss of ¥284 million, compared with ordinary profit of ¥9 million in the same period of the previous year.」

    Hotel operations posted a 70.5% year-on-year decline in sales and swung from ordinary profit in the same period of the previous year to an ordinary loss of ¥284 million. Although the accommodation division recovered slightly, the banquet division remained weak.
  20. FY2021-Q2Hotel operations posted lower sales and a wider ordinary lossAnnual report

    「Hotel operations generated sales of ¥134 million, down 80.7% year on year, and an ordinary loss of ¥267 million, compared with ordinary profit of ¥19 million in the same period of the previous year.」

    Hotel operations posted an 80.7% year-on-year decline in sales and swung from ordinary profit in the same period of the previous year to an ordinary loss of ¥267 million. The downturn caused by the impact of COVID-19 has deepened.
  21. FY2021-Q1Hotel operations posted a sharp decline in sales and a wider ordinary lossAnnual report

    「Hotel operations generated sales of ¥57 million, down 84.1% year on year, and an ordinary loss of ¥155 million, compared with ordinary profit of ¥27 million in the same period of the previous year.」

    Due to the impact of COVID-19, hotel operations posted an 84.1% year-on-year decline in sales and swung from ordinary profit in the same period of the previous year to an ordinary loss of ¥155 million.
  22. FY2020Hotel operations posted lower sales and fell into an ordinary lossAnnual report

    「Hotel operations were affected by the suspension of Hokuriku Shinkansen services last autumn and the spread of COVID-19 infections in February this year, generating sales of ¥1,346 million, down 12.4% from the previous fiscal year, and an ordinary loss of ¥13 million, compared with ordinary profit of ¥33 million in the previous fiscal year.」

    While hotel operations continue to be presented as a separate reportable segment, they posted lower sales and an ordinary loss due to the suspension of Hokuriku Shinkansen services and the spread of COVID-19 infections.
  23. FY2020-Q3RestatedAnnual report

    「Hotel operations generated sales of ¥1,016 million, down 9.7% year on year, and segment profit of ¥9 million, down 85.3%.」

    Hotel operations continue to be presented as a separate reportable segment. Cumulative sales and segment profit for the quarter were both below the same period of the previous year.
  24. FY2020-Q2RestatedAnnual report

    「Hotel operations generated sales of ¥700 million, down 4.0% year on year, and ordinary profit of ¥19 million, down 33.8%.」

    Hotel operations continue to be presented as a separate reportable segment. Cumulative sales and ordinary profit for the quarter were both below the same period of the previous year.
  25. FY2020-Q1RestatedAnnual report

    「Hotel operations generated sales of ¥363 million, down 4.1% year on year, and ordinary profit of ¥27 million, down 0.4%.」

    Hotel operations continue to be presented as a separate reportable segment. Sales and ordinary profit both fell below the same period of the previous year.
  26. FY2019RestatedAnnual report

    「The Group reports department store operations, hotel operations and publishing operations as reportable segments.」

    Hotel operations, which were presented separately following their increased quantitative significance, continue to be treated as a reportable segment.
  27. FY2019-Q3RestatedAnnual report

    「Hotel operations generated sales of ¥1,125 million, down 4.2% year on year, and segment profit of ¥67 million, down 30.4%.」

    Hotel operations continue to be presented as a separate reportable segment. Cumulative sales and segment profit for the quarter were both below the same period of the previous year.
  28. FY2019-Q2RestatedAnnual report

    「Hotel operations generated sales of ¥729 million, down 5.0% year on year, and ordinary profit of ¥30 million, down 47.1%.」

    Hotel operations continue to be presented as a separate reportable segment. Sales and ordinary profit both fell below the same period of the previous year this quarter.
  29. FY2019-Q1RestatedAnnual report

    「Hotel operations generated sales of ¥379 million, down 4.9% year on year, and ordinary profit of ¥27 million, down 40.9%.」

    Hotel operations continue to be presented as a separate reportable segment. Sales and ordinary profit both fell below the same period of the previous year this quarter.
  30. FY2018-Q3RestatedAnnual report

    「[Hotel operations] Hotel operations generated sales of ¥1,174 million, up 4.7% year on year, and segment profit of ¥97 million, up 31.7%.」

    Hotel operations continue to be presented as a separate reportable segment, with year-on-year increases in sales and segment profit reported.
  31. FY2018-Q2RestatedAnnual report

    「Beginning in the previous consolidated third quarter, hotel operations, which had previously been included in Other, are now presented as a reportable segment because their quantitative significance increased.」

    The classification presenting hotel operations as a separate reportable segment continues to be applied.
  32. FY2018-Q1RestatedAnnual report

    「Beginning in the previous consolidated third quarter, hotel operations, which had previously been included in Other, are now presented as a reportable segment because their quantitative significance increased.」

    The classification presenting hotel operations as a separate reportable segment continues to be applied.
  33. FY2017RestatedAnnual report

    「The Group primarily operates department stores and had previously reported department store operations as a reportable segment. Beginning in the third quarter, hotel operations, which had previously been included in Other, are now presented as a reportable segment because their quantitative significance increased.」

    The revised classification continues to be used in the full-year segment information for hotel operations, which became a separate reportable segment in the third quarter.
  34. FY2017-Q3First statedAnnual report

    「Beginning in the consolidated third quarter, hotel operations, which had previously been included in Other, are now presented as a reportable segment because their quantitative significance increased.」

    Hotel operations have been presented as a separate reportable segment since the consolidated third quarter because their quantitative significance increased.
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The hotel business became a reportable segment due to its increased quantitative significance | Daiwa Co.,Ltd. (8247) | Komori