Hawaii Business: Revenue Growth and Shift to Operating Profitability
First written in FY2017-Q3. 9 of 23 entries say "Advanced", first in FY2019-Q2. Latest entry: 2026-05-14.
Seibu Holdings moved to the "Worse" side of this theme in 2020.
The whole theme swung hardest in 2020: 3 of 6 companies on the "Worse" side.
1 other company's latest entry also says "Worsened".
- 2026-05-14WorsenedResults presentation
「Room occupancy rate 80.4% △ 1.9pt 70.9% △ 9.5pt」
Room occupancy in Hawaii declined from 80.4% to 70.9%, while RevPAR also fell 6.5% on a yen basis. The impact of renovations at Mauna Kea Beach Hotel was also described. - FY2024-Q3Changes in Hawaii operating metricsAnnual report
「RevPAR (¥) 38,460 43,988 RevPAR (US$) 356.11 338.37 Average daily room rate (¥) 46,332 53,462 Average daily room rate (US$) 429.00 411.24 Room occupancy rate (%) 83.0 82.3」
In the Hawaii area, RevPAR and the average daily room rate increased on a yen basis, while the US dollar-denominated metrics and room occupancy rate declined, indicating changes in operating metrics. - FY2024-Q1AdvancedAnnual report
「RevPAR (¥) 38,883 46,130」
RevPAR in the Hawaii area rose from ¥38,883 in the same period of the previous year to ¥46,130, and the recovery in demand is continuing. - FY2023-Q2AdvancedAnnual report
「RevPAR (¥) 24,581 39,861」
RevPAR in the Hawaii area rose from ¥24,581 in the same period of the previous year to ¥39,861, while the room occupancy rate also recovered from 65.4% to 83.4%. - FY2023-Q1AdvancedAnnual report
「RevPAR (¥) 16,745 38,883」
RevPAR in the Hawaii area rose from ¥16,745 in the same period of the previous year to ¥38,883, indicating progress in the recovery of demand. - FY2022AdvancedAnnual report
「RevPAR (¥) 9,184 29,466」
Annual RevPAR in the Hawaii area rose from ¥9,184 in the previous year to ¥29,466, while the room occupancy rate also rose from 25.3% to 73.3%. - FY2022-Q3AdvancedAnnual report
「RevPAR (¥) 9,423 27,769」
RevPAR in the Hawaii area rose from ¥9,423 in the same period of the previous year to ¥27,769, indicating progress in the recovery of demand. - FY2022-Q2AdvancedAnnual report
「RevPAR (¥) 13,888 24,581」
RevPAR in the Hawaii area rose from ¥13,888 in the same period of the previous year to ¥24,581, indicating a recovery from the decline through the immediately preceding quarter. - FY2022-Q1WorsenedAnnual report
「RevPAR (¥) 27,515 16,745」
RevPAR in the Hawaii area declined from ¥27,515 in the same period of the previous year to ¥16,745. - FY2021-Q3WorsenedAnnual report
「RevPAR (¥) 31,401 9,423」
RevPAR in the Hawaii area declined from ¥31,401 in the same period of the previous year to ¥9,423. - FY2021-Q1WorsenedAnnual report
「RevPAR (¥) 31,528 27,515」
RevPAR in the Hawaii area declined from ¥31,528 in the same period of the previous year to ¥27,515. - FY2020-Q3RestatedAnnual report
「As a result, operating revenue from the Hawaii business increased by ¥2,658 million year on year to ¥16,601 million, up 19.1%, while operating profit increased by ¥1,463 million to ¥269 million, compared with an operating loss of ¥1,194 million in the same period of the previous year. Operating profit before amortization increased by ¥1,640 million to ¥2,342 million, up 233.7%.」
The Hawaii business continued to be profitable at the operating level after turning from an operating loss in the same period of the previous year. - FY2020-Q2RestatedAnnual report
「As a result, operating revenue from the Hawaii business increased by ¥1,586 million year on year to ¥11,005 million, up 16.8%, while operating profit increased by ¥638 million to ¥171 million, compared with an operating loss of ¥467 million in the same period of the previous year. Operating profit before amortization increased by ¥796 million to ¥1,548 million, up 106.0%.」
The Hawaii business continued to be profitable at the operating level, following the first quarter, after turning from an operating loss in the same period of the previous year. - FY2020-Q1AdvancedAnnual report
「As a result, operating revenue from the Hawaii business increased by ¥553 million year on year to ¥5,550 million, up 11.1%, while operating profit increased by ¥154 million to ¥140 million, compared with an operating loss of ¥14 million in the same period of the previous year. Operating profit before amortization increased by ¥240 million to ¥829 million, up 40.8%.」
The Hawaii business turned from an operating loss in the same period of the previous year to an operating profit, with revenue and operating profit before amortization both increasing. - FY2019-Q3AdvancedAnnual report
「As a result, operating revenue from the Hawaii business increased by ¥2,362 million year on year to ¥13,943 million, up 20.4%, while the operating loss improved by ¥204 million to ¥1,194 million, compared with an operating loss of ¥1,398 million in the same period of the previous year. Operating profit before amortization increased by ¥541 million to ¥702 million, up 336.0%.」
Revenue from the Hawaii business increased year on year, the operating loss improved from ¥1,398 million to ¥1,194 million, and operating profit before amortization also increased. - FY2019-Q2AdvancedAnnual report
「As a result, operating revenue from the Hawaii business increased by ¥1,518 million year on year to ¥9,419 million, up 19.2%, while the operating loss improved by ¥298 million to ¥467 million, compared with an operating loss of ¥765 million in the same period of the previous year. Operating profit before amortization increased by ¥492 million to ¥752 million, up 189.2%.」
Revenue from the Hawaii business increased year on year, and the operating loss improved from ¥765 million to ¥467 million. - FY2019-Q1ReframedAnnual report
「As a result, operating revenue from the Hawaii business increased by ¥877 million year on year to ¥4,997 million, up 21.3%, while the operating loss improved by ¥177 million to ¥14 million, compared with an operating loss of ¥191 million in the same period of the previous year. Operating profit before amortization increased by ¥279 million to ¥589 million, up 90.0%.」
Revenue increased and the loss improved in the current quarter from the previous year's situation of an expanding operating loss, but the business has not yet turned profitable at the operating level. - FY2018RestatedAnnual report
「Operating revenue from the Hawaii business was ¥15,375 million, down ¥7,792 million, or 33.6%, from the previous fiscal year, reflecting the sale of part of the real estate at Hapuna Beach Prince Hotel in the previous fiscal year. The business reported an operating loss of ¥2,002 million, compared with operating income of ¥4,250 million in the previous fiscal year, due in part to lower profit following the previous fiscal year’s real estate sale and higher expenses associated with renovations.」
The Hawaii business also turned from operating income to an operating loss on a full-year basis, with revenue declining. - FY2018-Q3WorsenedAnnual report
「Operating revenue from the Hawaii business was ¥11,581 million, down ¥7,563 million, or 39.5%, from the same period of the previous year, reflecting the sale of part of the real estate at Hapuna Beach Prince Hotel in the same period of the previous year. The business reported an operating loss of ¥1,398 million, compared with operating income of ¥4,935 million in the same period of the previous year, while operating income before amortization was ¥161 million, down ¥6,115 million, or 97.4%.」
The Hawaii business turned from operating income in the same period of the previous year to an operating loss, with operating revenue down 39.5% and operating income before amortization down 97.4%. - FY2018-Q2WorsenedAnnual report
「Although operating revenue from the Hawaii business increased on a US dollar basis, fluctuations in exchange rates resulted in revenue of ¥7,901 million, down ¥207 million, or 2.6%, from the same period of the previous year. The operating loss was ¥765 million, compared with an operating loss of ¥518 million in the same period of the previous year, due to higher depreciation and amortization associated with renovations at Prince Waikiki. Operating income before amortization was ¥260 million, down ¥122 million, or 31.9%.」
The Hawaii business reported lower revenue year on year, and its operating loss widened from ¥518 million to ¥765 million. - FY2018-Q1ReframedAnnual report
「Although operating revenue from the Hawaii business increased on a US dollar basis, fluctuations in exchange rates resulted in revenue of ¥4,120 million, down ¥109 million, or 2.6%, from the same period of the previous year. The operating loss was ¥191 million, compared with an operating loss of ¥156 million in the same period of the previous year, as depreciation and amortization increased in connection with renovations at Prince Waikiki.」
From the full-year revenue growth and return to operating profitability reported for the previous fiscal year, the business moved to lower revenue and an operating loss this quarter due to foreign exchange fluctuations and higher depreciation and amortization associated with renovations. - FY2017RestatedAnnual report
「Operating revenue from the Hawaii business was ¥23,167 million, up ¥3,864 million, or 20.0%, from the previous fiscal year. Operating income was ¥4,250 million, compared with an operating loss of ¥836 million in the previous fiscal year, while operating income before amortization was ¥6,044 million, up ¥4,811 million, or 390.2%.」
Full-year results confirm revenue growth and the Hawaii business’s return to operating profitability. - FY2017-Q3First statedAnnual report
「As a result, operating revenue from the Hawaii business was ¥19,144 million, up ¥6,074 million, or 46.5%, from the same period of the previous year. Operating income was ¥4,935 million, compared with an operating loss of ¥896 million in the same period of the previous year, while operating income before amortization was ¥6,276 million, up ¥5,622 million, or 859.6%.」
The Hawaii business is reported to have turned from an operating loss to operating income, with operating revenue up 46.5% and operating income before amortization up 859.6%.