Expanding Revenue from Apartment Hotel Operations through the Establishment of a Hotel Operating Company
First written in FY2018-Q3. 17 of 26 entries say "Advanced", first in FY2018. Latest entry: FY2026.
Cosmos Initia moved to the "Worse" side of this theme in 2021.
0 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「In the lodging business, the company aims to expand to 3,000 operating rooms by 2030 through both contracted management and in-house development.」
In the lodging business, in addition to contracted management and in-house development aimed at the 3,000-room target for 2030, the company handed over 2 high-profitability facilities in the fiscal year ending March 2026 and improved occupancy rates and room rates at its operating facilities. - FY2025AdvancedAnnual report
「Over the longer term, the company aims to expand its business to approximately 3,000 operating rooms through both contracted management and in-house development.」
The policy of expanding the apartment hotel and other lodging businesses through both contracted management and in-house development continued, taking shape as a target of 3,000 operating rooms by 2030. - FY2025-H1AdvancedAnnual report
「In the accommodation business, average room rates improved as favorable operating conditions continued in hotel operations due to increased inbound demand, and revenue also increased from hotel property sales. As a result, the Company recorded revenue of ¥11,756 million, up 53.7% year on year, and segment profit of ¥3,432 million, up 113.3%.」
Improved average room rates in hotel facility operations and increased sales from hotel facility sales resulted in a 53.7% year-on-year increase in lodging business sales and a 113.3% increase in segment profit. - FY2024AdvancedAnnual report
「In the lodging business, the business environment improved as inbound demand increased. Average room rates and occupancy rates improved in hotel facility operations, and high-profitability facilities were handed over in hotel facility sales, resulting in sales of ¥22,367 million (up 93.9% from the previous consolidated fiscal year) and segment profit of ¥6,266 million (segment loss of ¥909 million in the previous consolidated fiscal year).」
The recovery in inbound demand, improvements in average room rates and occupancy rates, and the handover of high-profitability facilities enabled the lodging business to turn from a loss to profit of ¥6,266 million. - FY2024-Q2AdvancedAnnual report
「In the lodging business, sales were ¥7,649 million (up 624.6% year on year) and segment profit was ¥1,608 million (segment loss of ¥1,800 million in the same period of the previous year), mainly due to improved utilization in hotel facility operations and increased sales from hotel facility sales.」
Improved utilization in hotel facility operations and increased sales from hotel facility sales enabled the lodging business to turn from a loss in the same period of the previous year to profit, with a sharp increase in sales. - FY2024-Q1AdvancedAnnual report
「In the lodging business, sales were ¥3,899 million (up 947.1% year on year) and segment profit was ¥835 million (segment loss of ¥960 million in the same period of the previous year), mainly due to improved utilization in hotel facility operations and increased sales from hotel facility sales.」
Improved utilization in hotel facility operations and increased sales from hotel facility sales enabled the lodging business to turn from a loss of ¥960 million in the same period of the previous year to profit of ¥835 million, while sales reached ¥3,899 million. - FY2023AdvancedAnnual report
「In the lodging business, challenging business conditions caused by COVID-19 continued through the cumulative second quarter, but utilization at hotel facilities improved following the easing of entry restrictions from October and the promotion of domestic travel-demand stimulus measures. Sales also increased in hotel facility sales, resulting in sales of ¥11,536 million (up 81.5% from the previous consolidated fiscal year) and segment loss of ¥909 million (segment loss of ¥2,061 million in the previous consolidated fiscal year).」
Utilization in hotel operations improved following the easing of entry restrictions, resulting in a sharp increase in lodging business sales, while segment loss narrowed from ¥2,061 million to ¥909 million. - FY2023-Q3AdvancedAnnual report
「In the lodging business, challenging business conditions caused by COVID-19 continued through the cumulative second quarter, but sales were ¥2,900 million (up 314.3% year on year) and segment loss was ¥1,958 million (segment loss of ¥2,324 million in the same period of the previous year), due to an increase in operating facilities and improved utilization.」
The lodging business increased sales by 314.3% year on year due to the increase in operating facilities and improved utilization, while segment loss narrowed from ¥2,324 million to ¥1,958 million. - FY2023-Q2WorsenedAnnual report
「In the lodging business, sales were ¥1,055 million (up 171.8% year on year) and segment loss was ¥1,800 million (segment loss of ¥1,565 million in the same period of the previous year), mainly because the number of operating facilities increased, while challenging business conditions caused by COVID-19 continued.」
Although sales increased 171.8% due to the increase in operating facilities, the impact of COVID-19 continued and segment loss increased from ¥1,565 million in the same period of the previous year to ¥1,800 million. - FY2022AdvancedAnnual report
「The company recorded sales of ¥6,356 million (up 971.6% from the previous consolidated fiscal year) and segment loss of ¥2,061 million (segment loss of ¥3,017 million in the previous consolidated fiscal year), mainly due to the handover of a hotel development property and an increase in the number of operating facilities following the reopening of some facilities.」
The lodging business recorded a sharp increase in sales following the handover of a hotel development property and the reopening of facilities, while segment loss narrowed from ¥3,017 million to ¥2,061 million. - FY2022-Q3WorsenedAnnual report
「In the lodging business, sales were ¥700 million (up 58.6% year on year) and segment loss was ¥2,324 million (segment loss of ¥2,026 million in the same period of the previous year), mainly because the number of operating facilities increased as some facilities resumed operations, while challenging business conditions caused by COVID-19 continued.」
Although sales increased 58.6% following the reopening of some facilities, challenging business conditions caused by COVID-19 continued, and segment loss increased from ¥2,026 million to ¥2,324 million. - FY2022-Q1WorsenedAnnual report
「In the lodging business, sales were ¥150 million (up 102.6% year on year) and segment loss was ¥795 million (segment loss of ¥750 million in the same period of the previous year), mainly because the number of operating facilities increased as some facilities resumed operations, while challenging business conditions caused by COVID-19 continued.」
Although sales increased following the reopening of some facilities, challenging business conditions caused by COVID-19 continued, and the lodging business’s segment loss increased from the same period of the previous year. - FY2021WorsenedAnnual report
「In the lodging business, sales were ¥593 million (down 95.3% from the previous consolidated fiscal year) and segment loss was ¥3,017 million (segment profit of ¥1,162 million in the previous consolidated fiscal year), mainly because hotel development properties had been sold in the previous consolidated fiscal year, some facilities were closed due to the impact of COVID-19, and low operating levels continued.」
The lodging business suffered a sharp decline in sales and turned from profit to a loss of ¥3,017 million due to the反動 from hotel development property sales and closures and lower operating levels caused by COVID-19. - FY2021-Q3WorsenedAnnual report
「In the lodging business, sales were ¥441 million (down 91.5% year on year) and segment loss was ¥2,026 million (segment profit of ¥275 million in the same period of the previous year), mainly because sales of developed properties had been recorded in the same period of the previous year and some facilities were closed due to the impact of COVID-19. At the MIMARU apartment hotels, the company was proceeding with reopening operations in line with the recovery in demand, and 8 facilities were operating as of the end of December 2020.」
MIMARU proceeded with reopening operations in line with the recovery in demand, bringing the number of operating facilities to 8. However, due to the反動 from sales of developed properties in the same period of the previous year and the closure of some facilities, the lodging business posted a 91.5% decline in sales and a loss of ¥2,026 million. - FY2021-Q2WorsenedAnnual report
「In the lodging business, sales declined and profitability deteriorated due to the sale of developed properties in the same period of the previous year and the closure of some facilities because of the impact of COVID-19. Sales were ¥183 million (down 95.6% year on year) and segment loss was ¥1,387 million (segment profit of ¥375 million in the same period of the previous year).」
The lodging business saw sales decline by 95.6% and turned from profit in the same period of the previous year to a loss of ¥1,387 million due to the反動 from sales of developed properties and facility closures caused by COVID-19. - FY2021-Q1WorsenedAnnual report
「In the lodging business, sales were ¥74 million (down 97.8% year on year) and segment loss was ¥750 million (segment profit of ¥802 million in the same period of the previous year), mainly because developed properties had been sold in the same period of the previous year and some facilities were closed due to the impact of COVID-19.」
The lodging business suffered a 97.8% decline in sales and moved from profit to loss due to the反動 from sales of developed properties in the same period of the previous year and facility closures caused by COVID-19. - FY2020-Q3AdvancedAnnual report
「In the lodging business, sales were ¥5,181 million (up 310.1% year on year) and segment profit was ¥275 million (segment loss of ¥465 million in the same period of the previous year), mainly due to the sale of developed apartment hotel properties and an increase in the number of operating facilities at managed properties.」
Driven by the sale of developed apartment hotel properties and an increase in the number of operating facilities at managed properties, the lodging business increased sales by 310.1% year on year and turned from a loss in the same period of the previous year to profit of ¥275 million. - FY2020-Q2AdvancedAnnual report
「In the lodging business, sales were ¥4,194 million (up 561.1% year on year) and segment profit was ¥375 million (segment loss of ¥349 million in the same period of the previous year), mainly due to the sale of developed apartment hotel properties and an increase in the number of operating facilities at managed properties.」
Driven by the sale of developed properties and an increase in the number of operating facilities at managed properties, the lodging business generated sales of ¥4,194 million and segment profit of ¥375 million, turning profitable from a loss in the same period of the previous year. - FY2020-Q1AdvancedAnnual report
「In the lodging business, sales were ¥3,408 million (¥239 million in the same period of the previous year) and segment profit was ¥802 million (segment loss of ¥123 million in the same period of the previous year), mainly due to the sale of developed apartment hotel properties and an increase in the number of operating facilities at managed properties.」
The lodging business expanded from sales of ¥239 million and a loss of ¥123 million in the same period of the previous year to sales of ¥3,408 million and profit of ¥802 million, driven by the sale of developed apartment hotel properties and an increase in the number of operating facilities at managed properties. - FY2019AdvancedAnnual report
「The consolidated subsidiary 株式会社コスモスホテルマネジメント operates the MIMARU series of hotels.」
The hotel operating company that was established became established as the entity operating the MIMARU series, and began full-scale operations during the fiscal year. - FY2019-Q3RestatedAnnual report
「The number of subleased units under the real estate sublease business increased, and the company began full-scale operations of the MIMARU series of hotels.」
The business initiative of beginning full-scale operations of the MIMARU series of hotels continued to be reported in the current quarter. - FY2019-Q2AdvancedAnnual report
「The company recorded net sales of ¥17,520 million, up 4.5% year on year, and segment profit of ¥1,664 million, down 13.1%, due to factors including a 1.9-percentage-point year-on-year improvement in the vacancy rate for real estate subleasing to 2.9% and the full-scale launch of hotel operations under the MIMARU series, while also bearing hotel opening costs.」
The company’s full-scale launch of operations for the MIMARU series was presented as a specific business initiative following the establishment of the hotel operating company. At the same time, it incurred pre-opening costs. - FY2018AdvancedAnnual report
「The consolidated subsidiary 株式会社コスモスホテルマネジメント operates the MIMARU series of hotels.」
The hotel operating company established in October 2017 was incorporated into the business as the entity operating the MIMARU series of hotels. - FY2018-Q3First statedAnnual report
「Regarding 株式会社コスモスホテルマネジメント, newly established in October 2017 as a hotel operating company, the company will develop its business with a view to expanding operating revenue from investment properties, namely apartment hotels, as part of its medium- to long-term business strategy.」
The company first disclosed a measure to expand its business by establishing a hotel operating company in October 2017 and pursuing growth in operating revenue from apartment hotels, which are investment properties.