Revenue Growth in the Hotel and Leisure Business and Lower Profit Due to Growth Investment Expenses
First written in FY2020-Q2. 11 of 20 entries say "Advanced", first in FY2022-Q1. Latest entry: FY2026.
The whole theme swung hardest in 2026: 1 of 7 companies on the "Worse" side.
2 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「Operating revenue in the hotel and leisure business increased to ¥250,481 million, up ¥9,222 million from the previous fiscal year, or 3.8%, despite the impact of renovation work at Mauna Kea Beach Hotel in the overseas hotel business and reduced use of domestic hotels by visitors from certain parts of Asia, owing to the capture of individual inbound visitors and Japanese guests in the domestic hotel business. Operating profit increased by ¥4,018 million to ¥22,658 million, or 21.6%, from the previous fiscal year, despite increases in various costs, including personnel expenses and wage increases, due to higher revenue,」
The hotel and leisure business achieved higher revenue and profit by capturing individual inbound visitors and Japanese guests despite the impact of higher expenses. - FY2026-H1RestatedAnnual report
「Operating revenue in the hotel and leisure business increased to ¥120,566 million, up ¥2,553 million from the same period of the previous year, or 2.2%, despite the impact of renovation work at Mauna Kea Beach Hotel in the overseas hotel business and reduced use of domestic hotels by visitors from certain parts of Asia due to earthquake predictions, owing to the capture of inbound demand and initiatives to raise prices in the domestic hotel business. Operating profit decreased by ¥3,768 million to ¥9,696 million, or 28.0%, due to increases in various costs, including personnel expenses and wage increases,」
The hotel and leisure business continued to achieve higher revenue through the capture of inbound demand and price increases, while recording lower profit due to higher personnel and other expenses. - FY2025-H1AdvancedAnnual report
「Operating revenue in the hotel and leisure business increased to ¥118,013 million, up ¥7,533 million from the same period of the previous year, or 6.8%, due to the steady capture of inbound demand and initiatives to raise prices at domestic hotels. Operating profit increased by ¥3,324 million to ¥13,464 million, or 32.8%, due to higher revenue, and operating profit before depreciation increased by ¥2,919 million to ¥20,824 million, or 16.3%.」
Revenue in the hotel and leisure business increased as a result of capturing inbound demand and raising prices, and operating profit also increased 32.8% year on year. - FY2024-Q3AdvancedAnnual report
「Operating revenue in the hotel and leisure business increased to ¥171,768 million, up ¥25,905 million from the same period of the previous year, or 17.8%, due to recovering demand at domestic hotels, in Hawaii and at leisure facilities, as well as the steady capture of inbound demand and initiatives to raise prices. Operating profit increased by ¥16,918 million to ¥18,114 million due to higher revenue, and operating profit before depreciation increased by ¥15,103 million to ¥29,720 million, or 103.3%.」
Revenue in the hotel and leisure business increased 17.8%, and the operating loss in the same period of the previous year turned into operating profit of ¥18,114 million. Operating profit before depreciation also increased 103.3%. - FY2024-Q1ReframedAnnual report
「Operating revenue in the hotel and leisure business increased to ¥53,039 million, up ¥7,327 million from the same period of the previous year, or 16.0%, due to recovering demand at domestic hotels, in Hawaii and at leisure facilities, as well as the steady capture of inbound demand and initiatives to raise prices. Operating profit improved by ¥3,918 million to ¥3,524 million, due to higher revenue, compared with an operating loss of ¥394 million in the same period of the previous year,」
The business shifted from the previous pattern of higher revenue but lower profit due to growth-investment expenses to higher revenue driven by recovering demand, the capture of inbound demand and price increases, turning the operating loss in the same period of the previous year into operating profit. - FY2023-Q3AdvancedAnnual report
「Although revenue in the hotel and leisure business declined due to the transfer of 19 properties, including The Prince Park Tower Tokyo, the business steadily captured recovering demand at resorts such as Karuizawa and Hakone, in Hawaii and at leisure facilities. Operating revenue increased to ¥142,892 million, up ¥46,840 million from the same period of the previous year, or 48.8%. RevPAR (Note) for domestic hotels was ¥8,021, an increase of ¥2,950 from the same period of the previous year. Operating profit improved by ¥25,602 million to ¥3,014 million, due to higher revenue, compared with an operating loss of ¥22,587 million in the same period of the previous year,」
Revenue in the hotel and leisure business increased 48.8%, and the operating loss in the same period of the previous year turned into operating profit. - FY2023-Q2AdvancedAnnual report
「The hotel and leisure business steadily captured recovering demand at resorts such as Karuizawa and Hakone and in Hawaii, resulting in operating revenue of ¥93,717 million, up ¥34,297 million from the same period of the previous year, or 57.7%. Operating profit improved by ¥16,378 million to ¥1,076 million, due to higher revenue, compared with an operating loss of ¥15,301 million in the same period of the previous year,」
Revenue in the hotel and leisure business increased 57.7%, and the operating loss in the same period of the previous year turned into operating profit. - FY2023-Q1AdvancedAnnual report
「The hotel and leisure business steadily captured recovering demand at resorts such as Karuizawa and Hakone and in Hawaii, resulting in operating revenue of ¥44,741 million, up ¥20,850 million from the same period of the previous year, or 87.3%. RevPAR (Note) for the hotel business was ¥5,373, an increase of ¥2,717 from the same period of the previous year. Operating profit increased by ¥1,172 million to ¥10 million, due to higher revenue, compared with an operating loss of ¥11,713 million in the same period of the previous year,」
Revenue in the hotel and leisure business increased 87.3%, and the operating loss in the same period of the previous year improved to operating profit of ¥10 million. - FY2022AdvancedAnnual report
「The hotel and leisure business continued to face a challenging operating environment due to fluctuations in the infection situation, the repeated issuance of states of emergency and the worsening reluctance to go out. However, owing to a decrease in the number of temporarily closed facilities, the recovery in demand for going out from early autumn, the initiatives described above, usage associated with the Tokyo Olympic and Paralympic Games and the recovery in usage of overseas hotels in Hawaii, operating revenue increased to ¥133,180 million, up ¥49,130 million from the previous fiscal year, or 58.5%.」
Revenue in the hotel and leisure business increased 58.5%, and the operating loss improved from ¥53,413 million to ¥28,050 million, although the operating loss continued. - FY2022-Q3AdvancedAnnual report
「Operating revenue in the hotel and leisure business increased to ¥96,051 million, up ¥33,389 million from the same period of the previous year, or 53.3%. The operating loss improved by ¥18,710 million to ¥22,587 million, compared with an operating loss of ¥41,298 million in the same period of the previous year, and the operating loss before depreciation improved by ¥19,684 million to ¥10,035 million, compared with an operating loss before depreciation of ¥29,720 million in the same period of the previous year.」
Revenue in the hotel and leisure business increased 53.3%, and the operating loss and operating loss before depreciation improved significantly from the same period of the previous year, although losses continued. - FY2022-Q2AdvancedAnnual report
「The hotel and leisure business continued to face a challenging operating environment due to fluctuations in the infection situation, the repeated issuance of states of emergency and the worsening reluctance to go out. However, owing to a decrease in the number of temporarily closed facilities, the initiatives described above and usage associated with the Tokyo Olympic and Paralympic Games, operating revenue increased to ¥59,419 million, up ¥25,398 million, or 74.7%, from the same period of the previous year. RevPAR (Note) for the hotel business was ¥4,937, an increase of ¥2,683 from the same period of the previous year. Although the amount of fixed costs transferred to extraordinary losses for certain facilities during their closure decreased, the operating loss improved by ¥14,921 million from the same period of the previous year to ¥15,301 million, due to higher revenue, compared with an operating loss of ¥30,222 million in the same period of the previous year. The operating loss before depreciation improved by ¥15,595 million to ¥7,294 million, compared with an operating loss before depreciation of ¥22,890 million in the same period of the previous year.」
Revenue in the hotel and leisure business increased 74.7%, and the operating loss and operating loss before depreciation improved from the same period of the previous year, although losses continued. - FY2022-Q1AdvancedAnnual report
「The hotel and leisure business continued to face a challenging operating environment due to fluctuations in the infection situation and the issuance of states of emergency. However, owing to a decrease in the number of temporarily closed facilities and the initiatives described above, operating revenue increased to ¥23,891 million, up ¥10,939 million, or 84.5%, from the same period of the previous year. RevPAR (Note) for the hotel business was ¥2,670, an increase of ¥2,016 from the same period of the previous year. Although the amount of fixed costs transferred to extraordinary losses for certain facilities during their closure decreased, the operating loss improved by ¥2,610 million from the same period of the previous year to ¥11,713 million, due to higher revenue. The operating loss before depreciation improved by ¥3,394 million to ¥7,763 million, compared with an operating loss before depreciation of ¥11,158 million in the same period of the previous year.」
Revenue in the hotel and leisure business increased 84.5% year on year, and both the operating loss and operating loss before depreciation improved, although losses continued. - FY2021WorsenedAnnual report
「Hotel and leisure operating revenue decreased by ¥143.402 billion, or 63.0%, from the previous fiscal year to ¥84.050 billion, due mainly to temporary closures of hotels, golf courses and leisure facilities and a decline in customer numbers after operations resumed. In addition to cutting nonessential and nonurgent costs, we worked to reduce fixed costs by reviewing operating formats in line with demand trends, and some fixed costs incurred during the closure period were transferred and recorded as extraordinary losses. Nevertheless, due to the decline in revenue, operating loss was ¥53.413 billion, compared with operating profit of ¥8.533 billion in the previous fiscal year, while operating loss before depreciation and amortization was ¥38.145 billion, compared with operating profit before depreciation and amortization of ¥28.687 billion.」
The hotel and leisure business deteriorated from a situation of revenue growth accompanied by lower profit due to growth-investment expenses to a 63.0% decline in revenue, an operating loss and an operating loss before depreciation. - FY2021-Q2RestatedAnnual report
「Hotel and leisure operating revenue decreased by ¥88.071 billion, or 72.1%, year on year to ¥34.021 billion, due mainly to temporary closures of hotels, golf courses and leisure facilities and a decline in customer numbers after operations resumed. However, operating loss was ¥30.222 billion due to the decline in revenue, compared with operating profit of ¥9.771 billion in the same period of the previous year.」
The hotel and leisure business has continued to experience a sharp revenue decline and a shift to operating loss due to temporary closures and other factors. - FY2021-Q1ReframedAnnual report
「Hotel and leisure operating revenue decreased by ¥46.369 billion, or 78.2%, year on year to ¥12.951 billion, due mainly to temporary closures of hotels, golf courses and leisure facilities and sluggish customer numbers even after operations resumed. However, operating loss decreased by ¥18.054 billion to ¥14.324 billion due to the decline in revenue, compared with operating profit of ¥3.730 billion in the same period of the previous year.」
The performance profile of the hotel and leisure business changed from higher revenue but lower profit due to growth investment expenses to a sharp revenue decline and operating loss due to temporary closures and other factors. - FY2020-Q3RestatedAnnual report
「Although hotel and leisure operating revenue was affected by natural disasters such as Typhoon No. 19, it increased by ¥3.236 billion, or 2.0%, year on year to ¥168.883 billion as a result of the initiatives described above. However, operating profit decreased by ¥1.295 billion, or 8.4%, year on year to ¥14.074 billion, due mainly to higher expenses contributing to future growth.」
The pattern of higher hotel and leisure revenue but lower profit due mainly to higher expenses contributing to future growth has continued. - FY2020-Q2First statedAnnual report
「As a result, hotel and leisure operating revenue increased by ¥3.453 billion, or 3.1%, year on year to ¥113.178 billion. However, operating profit decreased by ¥764 million, or 7.4%, year on year to ¥9.632 billion, due mainly to higher expenses contributing to future growth.」
For the hotel and leisure business, the fact that revenue increased while operating profit declined due mainly to higher expenses contributing to future growth was disclosed separately as segment performance for the first time.