Increase in Investment in Hotel Facility Upgrades and Repair Costs
First written in FY2018-Q1. 6 of 12 entries say "Advanced", first in FY2018-Q2. Latest entry: FY2026.
Meiji Shipping Group moved to the "Worse" side of this theme in 2022.
0 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「In the hotel-related business segment, the company invested in equipment to expand, replace and renew facilities at its hotels and other properties. The investment amounted to ¥6,231 million.」
Investment to expand, replace and renew hotel facilities increased from ¥3,885 million in the previous fiscal year to ¥6,231 million. - FY2025AdvancedAnnual report
「In the hotel-related business segment, the company invested in equipment to expand, replace and renew facilities at its hotels and other properties. The investment amounted to ¥3,885 million.」
Investment to expand, replace and renew hotel facilities increased from ¥284 million in the previous fiscal year to ¥3,885 million. Equipment upgrades to reduce energy costs were also identified as an issue. - FY2024AdvancedAnnual report
「During the consolidated fiscal year, the company made total capital expenditures of ¥9,683 million.」
Capital expenditures for the group as a whole amounted to ¥9,683 million, including ¥284 million in the hotel-related business. - FY2024AdvancedAnnual report
「In the hotel-related business segment, the company invested in equipment to expand, replace and renew facilities at its hotels and other properties. The investment amounted to ¥284 million.」
Investment to expand, replace and renew hotel facilities continued, increasing from ¥207 million in the previous fiscal year to ¥284 million. - FY2023SoftenedAnnual report
「In the hotel-related business segment, the company invested in equipment to expand, replace and renew facilities at its hotels and other properties. The investment amounted to ¥207 million.」
Investment to expand, replace and renew hotel facilities continued, but declined from ¥340 million in the previous fiscal year to ¥207 million. - FY2022SoftenedAnnual report
「In the hotel-related business segment, the company invested in equipment to expand, replace and renew facilities at its hotels and other properties. The investment amounted to ¥340 million.」
Investment to expand, replace and renew hotel facilities continued, but declined from ¥594 million in the previous fiscal year to ¥340 million. - FY2020AdvancedAnnual report
「In the hotel-related business segment, the company invested in equipment to expand, replace and renew facilities at its hotels and other properties. The investment amounted to ¥944 million.」
Investment to expand, replace and renew hotel facilities continued, increasing from ¥571 million in the previous fiscal year to ¥944 million. - FY2019RestatedAnnual report
「In the hotel-related business segment, the company invested in equipment to expand, replace and renew facilities at its hotels and other properties. The investment amounted to ¥571 million.」
Investment to expand, replace and renew hotel facilities continued, with investment during the period reported at ¥571 million. - FY2019-Q2MitigatedAnnual report
「Due to a year-on-year decrease in major repair expenses, profit from the hotel-related business was ¥379 million, up 52.5% year on year.」
Major repair expenses for hotel equipment declined year on year, resulting in an increase in profit from the hotel-related business. - FY2018RestatedAnnual report
「In the hotel-related business segment, the accommodation business remained firm at all hotels. In the banquet business, general banquets remained at approximately the previous year's level, while weddings declined year on year. As a result, revenue from the hotel-related business was ¥12,466 million, down 2.9% year on year, while profit from the hotel-related business was ¥1,389 million, down 8.0% year on year, due in part to increased investment in equipment renewals and repairs.」
Increased investment in hotel equipment renewals and repairs was also confirmed for the full fiscal year and was a factor behind the decline in profit. - FY2018-Q2AdvancedAnnual report
「Profit from the hotel-related business was ¥248 million, down 32.8% year on year, as planned investment in equipment renewals and repairs proceeded as originally scheduled.」
It was explicitly stated that investment in hotel equipment renewals and repairs proceeded as originally planned. However, the resulting cost burden caused profit from the hotel-related business to decline 32.8% year on year. - FY2018-Q1First statedAnnual report
「Including increased investment in equipment renewals and repairs, the amount was ¥196 million, down 33.0% year on year.」
Investment in equipment renewals and repairs increased in the hotel-related business and was disclosed as a factor behind the decline in profit from the hotel-related business.