Addressing the shortage of accommodation through the hotel business and contributing to Japan as a tourism-oriented nation

「We continue to strengthen the business steadily toward our target of 10,000 operating rooms in 2033.」

「The hotel operations business respects local culture and history and operates hotels that develop together with their communities, while providing naturally friendly service under the theme of “warm-hearted, enjoyable hotels.” As of the end of October 2025, the company operated 32 hotels with 3,649 rooms.」

「Next fiscal year, 3 hotels are scheduled for completion. STITCH HOTEL Kyoto in Kawaramachi, Kyoto, is scheduled to open in June 2025, followed by the regional development hotel Tabino Hotel Kakogawa in Kakogawa City, Hyogo Prefecture, in September 2025. The total number of hotels scheduled to open, under construction, or in planning has reached 16, with 2,502 rooms.」

「During the fiscal year, we operated 28 hotels with 3,144 rooms. In addition to expanding inbound demand, continued increases in occupancy rates and average room rates under our high-value-added strategy resulted in significant year-on-year increases in both revenue and profit. In July, Oriental Hills Okinawa joined our Group through M&A, and in September Hiyori Stay Kyoto Kamogawa opened as planned and will contribute to future results.」

「There are currently 10 hotels with 1,355 rooms under development across Japan. Including operating hotels, the total is expected to reach 39 hotels with 4,464 rooms. ② In the hotel operations business, we currently operate a total of 29 hotels with 3,109 rooms.」

「② In the hotel operations business, we currently operate a total of 22 hotels with 2,476 rooms. During the fiscal year, occupancy rates and average room rates continued to rise under the group’s high-value-added strategy, supported by continued growth in domestic tourism demand and the recovery in inbound tourism. As a result, both revenue and profit increased significantly year on year.」

「In July 2023, our group entered into an agreement with Sakata City, Yamagata Prefecture, for cooperation aimed at regional development. We plan to build a hotel in central Sakata themed around a “warm-hearted, enjoyable hotel,” with the concept of being “the one and only hotel in the world” for its guests. We are currently advancing hotel development plans in Ishikari City, Hokkaido, and Fujikawaguchiko Town, Yamanashi Prefecture.」

「We will reinvest the funds recovered from the hotel disposals in expanding the business through hotel development, including M&A, primarily under the Tabino Hotel brand and through condominium hotels sold to individual owners.」

「We will reinvest the funds recovered from the hotel disposals in expanding the business through hotel development, including M&A, primarily under the Tabino Hotel brand and through condominium hotels sold to individual owners.」

「② In the hotel operations business, we opened Shijo-Kawaramachi Onsen Sora Niwa Terrace Kyoto and Shijo-Kawaramachi Onsen Bettei Kamogawa in June, and operated a total of 22 hotels with 2,612 rooms as of 10 November. During the fiscal year, occupancy rates and average room rates continued to rise as the recovery in domestic tourism demand gained further momentum following the easing of restrictions on economic and social activity.」

「② In the hotel operations business, we opened Shijo Kawaramachi Onsen Sora Niwa Terrace Kyoto and Shijo Kawaramachi Onsen Bettei Kamogawa in June of the fiscal year, bringing the total to 22 hotels with 2,993 rooms.」

「② In the hotel operations business, we opened Tabino Hotel lit Matsumoto in July of the fiscal year and operate a total of 20 hotels with 2,859 rooms.」

「In June of the fiscal year, we opened HIYORI Chapter Kyoto, Tribute Portfolio Hotel, and Tabino Hotel lit Miyakojima, bringing the total to 19 hotels with 2,683 rooms.」

「① In the hotel operations business, we operate 15 hotels with 2,092 rooms.」

「① In the hotel operations business, Tabino Hotel Kurashiki Mizushima, with 155 rooms, opened in February 2020. As of the end of March, we operated 16 hotels in Japan with 2,108 rooms.」

「The number of foreign visitors to Japan reached a record 31.88 million in 2019, up 2.2% year on year, despite the impact of worsening Japan–South Korea relations, supported by rising demand associated with the Rugby World Cup held in Japan. With further tailwinds for inbound demand, including the Tokyo 2020 Olympic and Paralympic Games and the Osaka Expo, we will continue developing a business that contributes to Japan’s national interest as it seeks to become a tourism-oriented nation, by providing high-quality hotels that meet accommodation demand from tourists and business travelers.」

「Last year, the number of foreign visitors to Japan reached a record 31.19 million. Although 2019 was affected by worsening Japan–South Korea relations, overall growth is running ahead of last year. With tailwinds including the Tokyo 2020 Olympic and Paralympic Games and the Osaka Expo, we will continue developing a business that contributes to Japan’s national interest as it seeks to become a tourism-oriented nation, by providing high-quality hotels that meet accommodation demand from tourists and business travelers.」

「① In the hotel operations business, we operate 12 hotels with 1,625 rooms in Japan. Going forward, we seek to increase the number of hotels we operate through a range of methods, including developing, owning and operating hotels ourselves, entering into long-term leases for hotels developed and owned by external owners, and M&A.」

「Our Group develops, revitalizes and operates hotels under the theme of “warm-hearted hotels.” Through the hospitality provided by warm-hearted employees who value customer feedback, we aim to operate hotels where customers can enjoy a high-quality, comfortable stay, and are focusing on making this our core business after the office building business. As the number of foreign visitors to Japan exceeded 30 million for the first time in 2018, and with further tailwinds from events including the Rugby World Cup, the Tokyo Olympic and Paralympic Games and the Osaka Expo, we will contribute to the national interest by providing quality hotels that meet tourism and business accommodation demand.」

「As of 31 December 2018, our Group operated 10 hotels with 1,191 rooms in Japan, and plans to open new hotels in Osaka Namba, Osaka Hommachi and Higashi-Ginza in 2019. In addition, on 30 November 2018, we began construction in Onna Village, Okinawa Prefecture, of our first condominium hotel for sale, Hiyori Ocean Resort Okinawa, and will begin accepting registrations for the first phase on 16 February 2019.」

「Viewing the implementation of the Japanese government’s tourism-oriented nation policy and the resulting increase in foreign visitors to Japan as an opportunity, we are developing and operating accommodation-focused hotels for tourism and business, on the basis that meeting accommodation demand from foreign visitors and providing quality hotels for existing domestic tourism and business demand will contribute to social value.」

「In addition, on 2 May this year, as the first property under Tabino Hotel, the casual brand of our own Hiyori Hotels & Resorts brand, we opened Tabino Hotel Hida Takayama in Hida-Takayama, Gifu Prefecture, a wood-built hotel making extensive use of locally sourced timber. As the second property, we opened Tabino Hotel Sado on Sado Island, Niigata Prefecture, on 20 July, featuring traditional bamboo craft as its design motif.」

「In addition, we are applying our proprietary business model, developed through our used office building real estate revitalization and real estate services businesses, to hotel development, revitalization and operations, with the aim of making this our second core business after the office building business.」

「Viewing the implementation of the Japanese government’s tourism-oriented nation policy and the resulting increase in foreign visitors to Japan as an opportunity, we are developing accommodation-focused urban tourism hotels on the basis that meeting accommodation demand from foreign visitors and providing quality hotels for existing domestic tourism and business demand will contribute to social value.」

「In addition, in July this year we grand-opened Hiyori Hotel Maihama, the first property under our hotel brand developed and operated by our Group.」

「To help realize the tourism-oriented nation promoted by the government and address social issues such as accommodation shortages caused by the sharp increase in visitors to Japan, we are entering the hotel business, developing and revitalizing hotels and operating them by leveraging the business model and human resources built on the operational capabilities cultivated through our office building business. In April this year, we opened Hiyori Hotel Maihama, the first property under our own Hiyori Hotels & Resorts brand.」

「Believing that meeting the rapidly growing accommodation demand from visitors to Japan will help create social value, we are developing urban tourism hotels targeting inbound visitors. The first property under the Spring Sunny brand jointly developed with China’s Spring Airlines Group opened in Tokoname, Aichi Prefecture, in April last year. Since our Group began operating it, our efforts to provide a “warm-hearted hotel” have resulted in a significant improvement in average occupancy to above 96%, together with higher average room rates. In December last year, we acquired the shares of Sky Court Hotel Co., Ltd., which operates 4 hotels with 564 rooms, mainly in the Tokyo metropolitan area, bringing it into our Group. In late April this year, we plan to open the first hotel developed by our company in Maihama.」

「Believing that meeting the rapidly growing accommodation demand from visitors to Japan will help create social value, we are developing urban tourism hotels targeting inbound visitors. The first property under the Spring Sunny brand jointly developed with China’s Spring Airlines Group opened in Tokoname, Aichi Prefecture, in April. Since our Group began operating it, our efforts to provide a “warm-hearted hotel” have resulted in a significant improvement in occupancy, which has remained above 96%, together with higher average room rates.」

「Believing that meeting the rapidly growing accommodation demand from visitors to Japan will help create social value, we are developing urban tourism hotels targeting inbound visitors. In October last year, we entered into a business alliance with China’s Spring Airlines Group, which operates travel and aviation businesses, and in April this year opened the first hotel under the jointly developed Spring Sunny brand in Tokoname, Aichi Prefecture.」

「By applying to hotel development, operations and revitalization the business model built on our operational capabilities through the office business, our Group will contribute to the realization of a tourism-oriented nation by addressing social issues such as rapidly expanding inbound tourism spending and the increasingly serious shortage of accommodation for visitors to Japan.」