Expected recovery in the inbound business amid eased entry restrictions and a weaker yen
First written in FY2022-Q3. 11 of 12 entries say "Advanced", first in FY2022. Latest entry: FY2026-H1.
2 other companies' latest entry also says "Advanced".
- FY2026-H1AdvancedAnnual report
「The number of foreign visitors to Japan reached a record monthly high in March 2026, while the cumulative total through March exceeded 10 million for the second consecutive year, following the previous year, indicating exceptionally strong momentum.」
The recovery in inbound demand became tangible in the record monthly high in March 2026 and the cumulative total exceeding 10 million. - FY2025AdvancedAnnual report
「The number of foreign visitors to Japan rose 13.7% year on year in September 2025, setting a record high for September. On a cumulative annual basis, the number also exceeded 30 million at the fastest pace ever, and the recovery in inbound demand, driven by the weaker yen and growing demand for travel to Japan, is supporting the revitalization of the broader economy.」
The recovery in inbound demand became more tangible, with the number of foreign visitors to Japan up 13.7% year on year in September 2025 and the cumulative annual total exceeding 30 million. - FY2025-H1AdvancedAnnual report
「In particular, the number of foreign visitors to Japan reached 3.78 million in January 2025, up 40.6% year on year, setting a record high by exceeding 3.7 million in a single month for the first time.」
The recovery in inbound demand was reflected in the record-high 3.78 million foreign visitors to Japan in January 2025, up 40.6% year on year. - FY2024AdvancedAnnual report
「The number of foreign visitors to Japan has remained above 2019 levels, before the spread of COVID-19, and the inbound market is thriving, particularly in the accommodation and food services sectors.」
It states that inbound demand has recovered in earnest and that the number of foreign visitors to Japan has remained above 2019 levels. - FY2024-Q2AdvancedAnnual report
「The number of foreign visitors to Japan reached a record monthly high in March 2024, exceeding 3 million for the first time, and activity was brisk, particularly in the tourism sector.」
The number of foreign visitors to Japan exceeded 3 million in March 2024, providing a specific indication of the progress of the inbound demand recovery. - FY2024-Q1AdvancedAnnual report
「Inbound demand has also been recovering steadily, with spending by foreign visitors to Japan exceeding ¥5 trillion for the first time in 2023 and the number of foreign visitors exceeding 20 million for the first time in 4 years.」
It states that spending by foreign visitors to Japan exceeded ¥5 trillion for the first time in 2023 and that the number of foreign visitors exceeded 20 million for the first time in 4 years, illustrating the progress of the inbound demand recovery with specific figures. - FY2023AdvancedAnnual report
「The Chinese government also lifted its ban on group tours to Japan in August 2023, prompting inbound demand to begin recovering in earnest and providing further support.」
It states that inbound demand began recovering in earnest following the lifting of the ban on group tours from China. - FY2023-Q3AdvancedAnnual report
「As flights resumed and additional services were added, inbound travelers to Japan also began to return, and signs emerged that economic activity was moving toward normalization.」
It states that, as flights resumed and additional services were added, inbound travelers to Japan began to return, indicating that inbound demand and economic activity were moving toward normalization. - FY2023-Q2AdvancedAnnual report
「Meanwhile, inbound spending is expected to recover further, as entry restrictions were lifted last October and border control measures for travelers from China were also eased in March 2023.」
Following the lifting of entry restrictions, border control measures for travelers from China were eased in March 2023, creating conditions for a further recovery in inbound demand. - FY2023-Q1AdvancedAnnual report
「Meanwhile, inbound demand has been recovering since the removal in October 2022 of the cap on the number of foreign tourists allowed to enter Japan.」
It states that the recovery in inbound demand progressed tangibly following the removal in October 2022 of the cap on the number of foreign tourists allowed to enter Japan. - FY2022AdvancedAnnual report
「As restrictions on economic activity were gradually eased, including the resumption from September 2022 of package tours without tour escorts, signs of recovery in inbound demand became increasingly evident.」
In addition to revisions to the cap on arrivals, the acceptance of package tours without tour escorts resumed, and the company states that the recovery in inbound demand made tangible progress. - FY2022-Q3First statedAnnual report
「From 1 June 2022, the daily cap on arrivals was raised from approximately 10,000 to approximately 20,000. In addition, from 10 June 2022, Japan lifted the suspension of foreign tourist arrivals imposed as a COVID-19 measure, although arrivals were limited to group tours. The sharp depreciation of the yen, driven partly by the widening interest-rate differential between Japan and the United States, also provided a tailwind, and we expect the inbound business to recover going forward.」
The company presents the future recovery of the inbound business as part of the business environment, supported by the higher cap on arrivals, the resumption of foreign tourism and yen depreciation.