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Fj Next Holdings (8935) · InitiativeLosses widened amid the impact of natural disasters

Ryokan Business: Improving Service Quality, Guest Attraction and Profitability

First written in FY2016. 5 of 38 entries say "Advanced", first in FY2021-Q3. Latest entry: FY2027-H1.

38entries
11years
2from disclosures
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How it moved
ProgressHeldSoftenedWorseOtherFY2016 – FY2021-Q2OtherFY2024-Q1 – FY2025-H12016: 320162017: 420172018: 420182019: 420192020: 320202021: 420212022: 420222023: 420232024: 220242025: 220252026: 42026
Same theme, other companies
Strengthening the Revenue Base of the Hotel Operations BusinessA theme 37 companies write about · 1 as a headwind · 58 as a tailwind

Fj Next Holdings moved to the "Worse" side of this theme in 2026, 6 years after the typical company in this theme (2020).

The whole theme swung hardest in 2020: 8 of 28 companies on the "Worse" side.

1 other company's latest entry also says "Other".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 37 companies compared. The sentences above are computed from all 37.
Full recordFilings, disclosures and news, newest first
  1. FY2027-H1Losses widened amid the impact of natural disastersAnnual report

    「Although the business was partly affected by typhoons and other natural disasters, the number of guests remained solid and revenue also exceeded the previous year's level. During the interim consolidated accounting period, revenue from the ryokan business was ¥615 million, up 5.1% year on year, while the segment posted a loss of ¥59 million, compared with a loss of ¥52 million in the same period of the previous year.」

    The number of guests and revenue exceeded the previous year's level, but the ryokan business's loss widened from ¥52 million in the same period of the previous year to ¥59 million, partly due to the impact of typhoons and other natural disasters.
  2. FY2026Shift toward lower-priced accommodations pushed business into the redAnnual report

    「In the Izu area, travelers showed a tendency to shift toward lower-priced accommodations, and room occupancy rates at the operated ryokans fell below expectations.」

    The shift toward lower-priced accommodations caused occupancy rates to fall below expectations, and the ryokan business swung from profit of ¥12 million in the previous fiscal year to a loss of ¥2 million.
  4. FY2026-H1Lower-priced shift and occupancy shortfall widen lossesAnnual report

    「In the Izu area, travelers showed a tendency to shift toward lower-priced accommodations, and room occupancy rates at the operated ryokans fell below expectations. During the interim consolidated accounting period, revenue from the ryokan business was ¥585 million, down 0.9% year on year, while the segment posted a loss of ¥52 million, compared with a loss of ¥33 million in the same period of the previous year.」

    The shift toward lower-priced accommodations caused room occupancy rates to fall below expectations. Revenue from the ryokan business declined from the same period of the previous year, and the loss widened from ¥33 million to ¥52 million.
  5. FY2025AdvancedAnnual report

    「Room occupancy rates remained broadly at the previous period's level, while average room rates increased, particularly at higher-priced ryokans. During the consolidated fiscal year, revenue from the ryokan business was ¥1.297 billion, up 2.9% from the previous consolidated fiscal year, while segment profit was ¥12 million, up 279.3%.」

    Room occupancy rates were maintained broadly at the previous period's level, while average room rates rose, particularly at higher-priced ryokans. As a result, the ryokan business swung from a segment loss in the previous fiscal year to a profit of ¥12 million.
  6. FY2025-H1Natural disasters kept losses going and widened themAnnual report

    「Although average room rates, particularly at higher-priced ryokans, exceeded the previous year's level, room occupancy rates fell below expectations partly due to the impact of typhoons and other natural disasters. During the interim consolidated accounting period, revenue from the ryokan business was ¥591 million, up 3.5% year on year, while the segment posted a loss of ¥33 million, compared with a loss of ¥32 million in the same period of the previous year.」

    Although average room rates exceeded the previous year's level, room occupancy rates fell below expectations due to the impact of typhoons and other natural disasters, and the ryokan business remained loss-making from the previous year.
  7. FY2024-Q3Special-demand reversal kept losses going and worsened resultsAnnual report

    「Occupancy rates remained below the same quarter of the previous year due to a decline following the special demand generated by the Prefectural Resident Travel Support program and other tourism demand-stimulus measures implemented in the previous consolidated fiscal year. During the nine-month period ended 31 December, revenue from the ryokan business was ¥892 million, down 4.8% year on year, while the segment posted a loss of ¥38 million, compared with segment profit of ¥17 million in the same quarter of the previous year.」

    Occupancy rates fell below the previous year's level due to the reversal of the special demand generated by tourism demand-stimulus measures, and the ryokan business swung from profit of ¥17 million in the same period of the previous year to a loss of ¥38 million.
  8. FY2024-Q2Special-demand reversal kept business in the redAnnual report

    「Occupancy rates remained below the previous year's level due to a decline following the special demand generated by the Prefectural Resident Travel Support program and other tourism demand-stimulus measures implemented in the previous consolidated fiscal year. During the six-month period ended 30 September, revenue from the ryokan business was ¥571 million, down 6.5% year on year, while the segment posted a loss of ¥32 million, compared with segment profit of ¥5 million in the same quarter of the previous year.」

    Occupancy rates fell below the previous year's level due to the reversal of the special demand generated by the Prefectural Resident Travel Support program and other measures, and the ryokan business swung from profit of ¥5 million in the same period of the previous year to a loss of ¥32 million.
  9. FY2024-Q1Special-demand reversal widens lossesAnnual report

    「Occupancy rates fell below the previous year's level due to a decline following the special demand generated by the Nationwide Travel Support program and other tourism demand-stimulus measures implemented in the previous consolidated fiscal year. During the three-month period ended 30 June, revenue from the ryokan business was ¥251 million, down 8.6% year on year, while the segment posted a loss of ¥43 million, compared with a loss of ¥25 million in the same quarter of the previous year.」

    Occupancy rates fell below the previous year's level due to the reversal of the special demand generated by the Nationwide Travel Support program and other measures, and the ryokan business's loss widened from ¥25 million in the same quarter of the previous year to ¥43 million.
  10. FY2023AdvancedAnnual report

    「During the consolidated fiscal year, both room occupancy rates and average room rates remained above the previous year's level, supported by the Nationwide Travel Support program and other measures. As a result, revenue from the ryokan business was ¥1.279 billion, up 16.8% from the previous consolidated fiscal year, while segment profit was ¥47 million, compared with a loss of ¥20 million in the previous consolidated fiscal year.」

    Room occupancy rates and average room rates exceeded the previous year's level due to the Nationwide Travel Support program and other measures, and the ryokan business swung from a loss of ¥20 million in the previous year to a profit of ¥47 million.
  11. FY2023-Q3AdvancedAnnual report

    「During the nine-month period ended 31 December, both room occupancy rates and average room rates remained above the same quarter of the previous year, supported by the Nationwide Travel Support program and other measures. As a result, revenue from the ryokan business was ¥937 million, up 17.3% year on year, while segment profit was ¥17 million, compared with a loss of ¥30 million in the same quarter of the previous year.」

    Room occupancy rates and average room rates exceeded the previous year's level due to the Nationwide Travel Support program and other measures, and the ryokan business swung from a loss of ¥30 million in the same period of the previous year to a profit of ¥17 million.
  12. FY2023-Q2AdvancedAnnual report

    「During the six-month period ended 30 September, room occupancy rates remained above the same quarter of the previous year, supported by the Prefectural Resident Travel Support program and other measures. As a result, revenue from the ryokan business was ¥610 million, up 24.4% year on year, while segment profit was ¥5 million, compared with a loss of ¥45 million in the same quarter of the previous year.」

    Room occupancy rates exceeded the previous year's level due to the Prefectural Resident Travel Support program and other measures, and the ryokan business swung from a loss of ¥45 million in the same period of the previous year to a profit of ¥5 million.
  13. FY2023-Q1Losses continued, but narrowedAnnual report

    「During the three-month period ended 30 June, room occupancy rates remained on a recovery trend, supported by progress in vaccinations and demand for short-distance travel generated by the Prefectural Resident Travel Support program, compared with the same quarter of the previous year, which was affected by the state of emergency. As a result, revenue from the ryokan business was ¥274 million, up 28.1% year on year, while the segment posted a loss of ¥25 million, compared with a loss of ¥45 million in the same quarter of the previous year.」

    Room occupancy rates recovered on the back of progress in vaccinations and the Prefectural Resident Travel Support program. Revenue increased and the loss narrowed from ¥45 million to ¥25 million. The business, however, remained loss-making.
  14. FY2022Losses continued, but narrowedAnnual report

    「Revenue from the ryokan business was ¥1.095 billion, up 10.1% from the previous consolidated fiscal year, while the segment posted a loss of ¥20 million, compared with a loss of ¥39 million in the previous consolidated fiscal year.」

    Revenue from the ryokan business increased and the segment loss narrowed from ¥39 million to ¥20 million, but the business remained loss-making.
  15. FY2022-Q3Special-demand reversal pushed business into the redAnnual report

    「During the nine-month period ended 31 December, occupancy rates from summer onward fell below the previous year's level due to a decline following the demand surge generated by measures such as the Go To Travel Campaign implemented in the previous consolidated fiscal year. Recovery remained under way, particularly in higher-priced rooms. As a result, revenue from the ryokan business was ¥799 million, up 0.5% year on year, while the segment posted a loss of ¥30 million, compared with segment profit of ¥1 million in the same quarter of the previous year.」

    Although recovery was under way, particularly in higher-priced rooms, occupancy rates fell below the previous year's level due to the reversal of the special demand generated by demand-stimulus measures, and the ryokan business swung from profit in the same period of the previous year to a loss of ¥30 million.
  16. FY2022-Q2Losses continued but narrowed, with recovery under wayAnnual report

    「During the six-month period ended 30 September, occupancy rates remained sluggish due to requests to refrain from domestic travel while the state of emergency was in effect. However, visitor numbers increased from the same quarter of the previous year, when all ryokans were temporarily closed, and recovery remained under way, particularly in higher-priced rooms. As a result, revenue from the ryokan business was ¥490 million, up 18.7% year on year, while the segment posted a loss of ¥45 million, compared with a loss of ¥61 million in the same quarter of the previous year.」

    Visitor numbers and revenue exceeded the previous year's level, and the loss narrowed from ¥61 million to ¥45 million. Occupancy rates remained sluggish, however, and the business continued to post a loss.
  17. FY2022-Q1Losses continued, but narrowedAnnual report

    「During the three-month period ended 30 June, visitor numbers increased from the same quarter of the previous year, when all ryokans were temporarily closed due to the spread of COVID-19. However, conditions remained difficult due to the reissuance of the state of emergency. As a result, revenue from the ryokan business was ¥214 million, up 156.0% year on year, while the segment posted a loss of ¥45 million, compared with a loss of ¥105 million in the same quarter of the previous year.」

    Visitor numbers and revenue increased from the same quarter of the previous year, and the segment loss narrowed from ¥105 million to ¥45 million. The business, however, remained loss-making amid the reissuance of the state of emergency.
  18. FY2021Losses continued and worsened amid renewed spread of infectious diseaseAnnual report

    「The consolidated fiscal year was marked by a difficult business environment due to the severe impact of COVID-19. All ryokans were forced to close temporarily while the state of emergency was in effect. Although signs of recovery emerged from summer through autumn after the declaration was lifted, supported by demand-stimulus measures such as the Go To Travel Campaign, the renewed spread of infection from the year-end onward resulted in combined visitor numbers for all ryokans falling below the previous year.」

    After temporary closures of all the ryokans, a recovery from summer through autumn, and a decline in visitor numbers due to the renewed spread of infectious disease from the year-end onward, the ryokan business generated revenue of ¥994 million and posted a segment loss of ¥39 million, with the loss widening from ¥28 million in the previous year.
  19. FY2021-Q3AdvancedAnnual report

    「During the nine-month period ended 31 December, conditions remained difficult after all 4 ryokans were closed from late April through mid-May in response to requests from local governments to suspend operations amid the spread of COVID-19. However, occupancy rates remained above the previous year's level from summer onward, supported by demand-stimulus measures such as the Go To Travel Campaign. As a result, revenue from the ryokan business was ¥795 million, up 11.3% year on year, while segment profit was ¥1 million, compared with a loss of ¥35 million in the same quarter of the previous year.」

    While difficult conditions continued following the closure of all the ryokans, occupancy rates exceeded the previous year's level from summer onward due to demand-stimulus measures, and segment profit turned from a loss in the same period of the previous year to a profit of ¥1 million.
  20. FY2021-Q2Closures continued to weigh, but occupancy recovered from summer onwardAnnual report

    「During the six-month period ended 30 September, all 4 ryokans were closed from late April through mid-May in response to requests from local governments to suspend operations amid the spread of COVID-19, among other factors, resulting in fewer visitors than in the same quarter of the previous year. Occupancy rates, however, remained above the previous year's level from summer onward, supported by demand-stimulus measures such as the Go To Travel Campaign. As a result, revenue from the ryokan business was ¥413 million, down 12.1% year on year, while the segment posted a loss of ¥61 million, compared with a loss of ¥19 million in the same quarter of the previous year.」

    The closure of all 4 ryokans caused visitor numbers and revenue to fall below the previous year, and the loss widened to ¥61 million. Occupancy rates, however, exceeded the previous year's level from summer onward due to measures such as the Go To Travel Campaign.
  21. FY2021-Q1Closures due to infectious disease widen lossesAnnual report

    「During the three-month period ended 30 June, the ryokans were closed from late April through mid-May, including the Golden Week holiday period, to prevent the spread of infection in response to requests from local governments to suspend operations amid the spread of COVID-19. As a result, revenue from the ryokan business was ¥83 million, down 53.4% year on year, while the segment posted a loss of ¥105 million, compared with a loss of ¥19 million in the same quarter of the previous year.」

    The ryokans were closed in response to the infectious disease and requests from local governments to suspend operations, and the ryokan business's loss widened from ¥19 million in the same quarter of the previous year to ¥105 million.
  22. FY2020-Q3Acquisition-related initial costs and typhoon impact caused plan shortfall and wider lossesAnnual report

    「During the nine-month period ended 31 December, the newly acquired Seiryuso ryokan contributed to revenue. However, profit was below plan due to initial costs associated with its acquisition and the impact of typhoons and other factors affecting the existing ryokans as well. As a result, revenue from the ryokan business was ¥714 million, up 17.7% year on year, while the segment posted a loss of ¥35 million, compared with segment profit of ¥10 million in the same quarter of the previous year.」

    The acquisition of Seiryuso ryokan contributed to revenue, but initial acquisition costs and the impact of typhoons and other factors caused the business to fall short of plan, and the ryokan business swung from profit in the same quarter of the previous year to a loss.
  23. FY2020-Q2Typhoon impact and missed visitor target pushed business into the redAnnual report

    「During the six-month period ended 30 September, the newly acquired Seiryuso ryokan contributed to revenue. However, visitor numbers at the existing ryokans remained below plan, partly due to the impact of typhoons and other factors. As a result, revenue from the ryokan business was ¥470 million, up 18.4% year on year, while the segment posted a loss of ¥19 million, compared with segment profit of ¥0 million in the same quarter of the previous year.」

    The acquisition of Seiryuso ryokan contributed to revenue, but visitor numbers at the existing ryokans fell below plan due to the impact of typhoons and other factors, resulting in a segment loss of ¥19 million.
  24. FY2020-Q1Guest numbers below target, losses widenAnnual report

    「In the ryokan business, the number of guests fell below expectations. Revenue was ¥179 million, down 4.0% year on year, while the segment posted a loss of ¥19 million, compared with a loss of ¥5 million in the same quarter of the previous year.」

    The number of guests fell below expectations, revenue declined, and the segment loss widened from ¥5 million in the same quarter of the previous year to ¥19 million.
  25. FY2019Customer acquisition remained strong, but profit declinedAnnual report

    「In the ryokan business, the number of guests remained broadly on track. Revenue was ¥845 million, down 0.6% from the previous consolidated fiscal year, while segment profit was ¥35 million, down 30.5%.」

    The number of guests was broadly on track, while revenue and segment profit were below the previous year.
  26. FY2019-Q3Customer acquisition remained strong, but profit declinedAnnual report

    「In the ryokan business, visitor numbers remained broadly on track. Revenue was ¥607 million, up 0.5% year on year, while segment profit was ¥10 million, down 42.6%.」

    Visitor numbers and revenue were broadly on track, while segment profit fell 42.6% year on year to ¥10 million.
  27. FY2019-Q2Visitor numbers on track, but profit plungedAnnual report

    「In the ryokan business, visitor numbers remained broadly on track. Revenue was ¥397 million, up 2.7% year on year, while segment profit was ¥0 million, down 51.6%.」

    Visitor numbers and revenue exceeded the same quarter of the previous year, while segment profit fell to ¥0 million, a decrease of 51.6%.
  28. FY2019-Q1Visitor numbers on track, but losses continuedAnnual report

    「In the ryokan business, visitor numbers remained broadly on track. Revenue was ¥187 million, up 4.3% year on year, while the segment posted a loss of ¥5 million, compared with a loss of ¥9 million in the same quarter of the previous year.」

    Visitor numbers and revenue exceeded the same quarter of the previous year, and the loss narrowed, but the segment continued to post a loss.
  29. FY2018Customer acquisition remained strong, but profit declinedAnnual report

    「In the ryokan business, visitor numbers remained broadly on track. Revenue was ¥850 million, up 1.3% from the previous consolidated fiscal year, while segment profit was ¥51 million, down 17.6%.」

    Visitor numbers and revenue were broadly on track, while segment profit fell 17.6% from the previous consolidated fiscal year.
  30. FY2018-Q3Room rates fell short of target, reducing profitAnnual report

    「In the ryokan business, the average room rate fell below expectations, resulting in revenue of ¥604 million, up 1.1% year on year, and segment profit of ¥18 million, down 27.9%.」

    The average room rate fell below expectations in the ryokan business. Revenue increased, but segment profit declined 27.9% year on year.
  31. FY2018-Q2Customer acquisition fell short of target, sharply reducing profitAnnual report

    「In the ryokan business, customer numbers fell below expectations, resulting in revenue of ¥386 million, down 0.5% year on year, and segment profit of ¥0 million, down 94.2%.」

    Customer numbers fell below expectations, and segment profit declined 94.2% year on year to ¥0 million.
  32. FY2018-Q1Customer acquisition fell short of target, resulting in a lossAnnual report

    「In the ryokan business, customer numbers fell below expectations, resulting in revenue of ¥179 million, down 4.2% year on year, and a segment loss of ¥9 million, compared with a loss of ¥2 million in the same quarter of the previous year.」

    Customer numbers fell below expectations, widening the ryokan business loss from the same quarter of the previous year.
  33. FY2017RestatedAnnual report

    「In the ryokan business, we will work to improve service quality, strengthen our ability to attract customers and improve profitability in order to achieve further growth in operating performance.」

    The company has reaffirmed its policy of pursuing improvements in service quality, customer acquisition and profitability in the ryokan business.
  34. FY2017-Q3RestatedAnnual report

    「In the ryokan business, we will work to improve service quality, strengthen our ability to attract customers and improve profit margins in order to achieve further growth in operating performance.」

    The company has reaffirmed its policy of pursuing growth in operating performance through improvements in service quality, customer acquisition and profit margins in the ryokan business.
  35. FY2017-Q2RestatedAnnual report

    「In the ryokan business, we will work to improve service quality, strengthen our ability to attract customers and improve profit margins in order to achieve further growth in operating performance.」

    The company has reaffirmed its policy of prioritising improvements in service quality, customer acquisition and profit margins in the ryokan business.
  36. FY2017-Q1RestatedAnnual report

    「In the ryokan business, we will work to improve service quality, strengthen our ability to attract customers and ensure the effectiveness of measures to improve profitability in order to achieve further growth in operating performance.」

    The company has reaffirmed its policy of prioritising service quality, customer acquisition and profitability in the ryokan business.
  37. FY2016First statedAnnual report

    「To achieve further growth in operating performance, we will work to improve service quality, strengthen our ability to attract customers and ensure the effectiveness of measures to improve profitability.」

    The ryokan business is targeting growth in operating performance through improved service quality, customer acquisition and profitability.
Moved together

"Expansion of Used Condominium Sales and Purchases" moved the same way as this thread, in the same document, in 4 of its 38 moves.

443222★123456
  1. ★This thread
  2. 1Expansion of Used Condominium Sales and Purchases4×
  3. 2Enhancing earnings capacity by expanding contracted management of own-brand and third-party properties4×
  4. 3Maintaining and Strengthening the Financial Base3×
  5. 4Continued Supply of Family-Oriented Condominiums2×
  6. 5Executive Compensation Linked to Medium- and Long-Term Performance and Consideration of Performance-Linked Compensation Schemes2×
  7. 6Change in the holding purpose of ¥8,337 million of real estate held for sale and transfer to fixed assets2×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
Fj Next Holdings's next results are scheduled for 2026-11-06. Read the earnings preview It last moved in the Financial results presentation of 2026-05-12: "Worsened".
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Ryokan Business: Improving Service Quality, Guest Attraction and Profitability | FJ NEXT HOLDINGS CO.,LTD. (8935) | Komori