Aggressive expansion of the core lodging business
First written in FY2016-Q2. 16 of 29 entries say "Advanced", first in FY2017-Q3. Latest entry: FY2025.
The whole theme swung hardest in 2020: 8 of 27 companies on the "Worse" side.
22 other companies' latest entry also says "Advanced".
- FY2025AdvancedAnnual report
「Dorsett by Agora Osaka Sakai opened in March 2025 and contributed to an increase in Group-wide revenue. Meanwhile, operations at Agora Place Osaka Namba ended at the end of July 2025, but strong performance at existing facilities offset the impact, allowing the business as a whole to maintain growth.」
Dorsett by Agora Osaka Sakai opened in March 2025, converting the expansion of the hotel business into an operating result. The company also disclosed the end of operations at Agora Place Osaka Namba, but said that strong performance at existing facilities enabled the business as a whole to maintain growth. - 2026-03-04AdvancedGeneral Meetings of Shareholders
「Beginning with the opening of Agora Place Kyoto Nijo Castle in February 2026, we aim to operate multiple accommodation facilities, primarily under management contracts.」
The opening of Agora Place Kyoto Nijo Castle and multiple management-contract projects have made the Company's expansion into the accommodation business more concrete. - FY2025-H1AdvancedAnnual report
「Dorsett by Agora Osaka Sakai, which opened in March, contributed by generating revenue of ¥300 million and operating profit of ¥64 million.」
Dorsett by Agora Osaka Sakai opened in March and generated ¥300 million in revenue and ¥64 million in operating profit in the first half. The expansion of the hotel business through collaboration with an international brand has produced tangible operating results. - FY2024AdvancedAnnual report
「In preparation for the start of the next medium-term management plan, as a first step we opened three Garner hotels in Chuo-ku, Osaka, operated under contract as the first properties in Japan under IHG Hotels & Resorts' new brand, Garner: Garner Hotel Osaka Honmachi Midosuji, Garner Hotel Osaka Honmachi Kitafunaba and Garner Hotel Osaka Honmachi Station. In addition, Dorsett by Agora Osaka Sakai, the first domestic property developed through a business partnership with Hong Kong-based Dorsett Hospitality International, will open in March.」
Through operating agreements and business partnerships with overseas hotel brands, the company opened three Garner hotels and advanced Dorsett by Agora Osaka Sakai to the opening stage. The expansion of the hotel business has broadened from primarily company-owned facilities to include collaboration with international brands. - FY2024-H1RestatedAnnual report
「As a result of withdrawing from unprofitable businesses and concentrating our hotels in areas such as Tokyo and Osaka that are heavily used by international visitors to Japan, revenue for the hotel division as a whole improved to ¥3,479 million, up 19.3% year on year.」
The company reconfirms its policy of withdrawing from unprofitable businesses and concentrating hotels in Tokyo, Osaka and other areas with high international visitor traffic. As a result, hotel division revenue increased 19.3% year on year. - FY2023AdvancedAnnual report
「The Ohama Kitamachi project, which will become a landmark in Sakai, is also progressing smoothly, and construction of the building is advancing. The opening is scheduled for May 2025.」
Construction of the building for the Ohama Kitamachi project is progressing, with opening scheduled for May 2025. The disclosure also refers to the sale and withdrawal from non-core businesses and a focus on high-yield hotels, indicating that the hotel expansion strategy has reached a concrete opening stage. - FY2023-Q2RestatedAnnual report
「All accommodation facilities operated throughout the period, and」
The company reconfirms that all accommodation facilities remained open. No new progress in expanding the scale of the business, such as a new opening, was disclosed. - FY2023-Q1RestatedAnnual report
「All accommodation facilities operated throughout the period.」
All accommodation facilities operated throughout the first quarter, reconfirming the continuation of hotel operations. No new progress in expanding the scale of the business, such as a new opening, was disclosed. - FY2022AdvancedAnnual report
「Since then, to further develop this strategy and vision, we successfully opened three new facilities, Agora Tokyo Ginza in Chuo-ku, Tokyo, Agora Kyoto Karasuma and Agora Kyoto Shijo in Shimogyo-ku, Kyoto, despite the COVID-19 pandemic. In addition, in November last year we opened ONE@Tokyo in Sumida-ku, Tokyo, overseen by the world-renowned architect Kengo Kuma.」
Despite the COVID-19 pandemic, the company opened Agora Tokyo Ginza, Agora Kyoto Karasuma, Agora Kyoto Shijo and ONE@Tokyo, recording further progress in the proactive expansion of the hotel business through new openings. - FY2022-Q3AdvancedAnnual report
「On 15 September 2022, Agora Ohama LLC, a consolidated subsidiary, entered into a silent partnership agreement with Precious Stone Properties Ltd. and received a silent partnership investment. … Hotel construction contract … Scheduled completion: December 2024」
For Agora Ohama, the company had progressed by 15 September 2022 to receiving a silent partnership investment and entering into a hotel construction contract, with completion scheduled for December 2024. The project had moved from a prior plan to a concrete execution stage involving signed agreements. - FY2022-Q2RestatedAnnual report
「In the hotel division during the first half of the current fiscal year, accommodation facilities that had been closed in the same quarter of the previous year also resumed operations.」
The company reconfirms the resumption of operations at accommodation facilities that had been closed in the same quarter of the previous year. This concerns operating progress rather than a new facility expansion plan. - FY2022-Q1RestatedAnnual report
「In addition to the opening of Agora Tokyo Ginza, accommodation facilities that had been closed in the same quarter of the previous year resumed operations.」
The disclosure records the opening of Agora Tokyo Ginza and the resumption of operations at accommodation facilities that had been closed in the same quarter of the previous year. It reconfirms operating status rather than presenting a new expansion plan. - FY2021AdvancedAnnual report
「In the hotel division, we opened Agora Tokyo Ginza in April 2021. In addition, all accommodation facilities, including those that had been partially closed at the end of FY2020, were operating at the end of FY2021.」
Agora Tokyo Ginza opened in April 2021, and all accommodation facilities were operating by the end of FY2021. The disclosure identifies the expansion of the hotel business and the reopening of previously closed facilities as concrete progress. - FY2021-Q3AdvancedAnnual report
「In the third quarter of the current fiscal year, the number of newly opened hotels, including Agora Tokyo Ginza, increased, and the number of rooms available for sale also increased at existing hotels.」
The number of newly opened hotels, including Agora Tokyo Ginza, increased, as did the number of rooms available for sale at existing hotels. The disclosure identifies tangible progress in expanding the hotel business and room sales. - FY2021-Q2RestatedAnnual report
「The Group's principal funding needs, in addition to working capital, are funds for capital investment in new hotels and other facilities in its core hotel business.」
The company continues to identify capital investment in new hotels and other facilities as a funding need, with the hotel business as its core business. No new progress on specific hotels, completion dates or construction completion was disclosed. - FY2020AdvancedAnnual report
「Land/building Approximately 3,000 112 Internal funds and borrowings September 2021 June 2023 Increase of 321 rooms」
For Agora Ohama, the company disclosed a specific development plan involving approximately ¥3,000 million of investment, construction beginning in September 2021, completion in June 2023 and an additional 321 rooms. It also stated that preparations were under way to open Agora Ginza and Agora Kyoto as hotels with new concepts in spring 2021. - FY2020-Q1AdvancedAnnual report
「The increase in operating expenses at Agora Place Namba, which opened in August 2019, and Agora Kanazawa, which opened in November 2019,」
The disclosure states that, in addition to Agora Place Namba, Agora Kanazawa opened in November 2019, providing a concrete example of continued expansion through new openings. - FY2019-Q3AdvancedAnnual report
「Revenue from Agora Place Namba, which was acquired and reopened under a new brand in August 2019, increased by ¥50 million, and」
The acquisition of Namba Hotel Operations Co., Ltd. was completed on 30 August 2019, making it a wholly owned subsidiary with a 100% voting-rights ratio. The acquired hotel reopened under the Agora Place Namba brand and generated ¥50 million in revenue during the current cumulative quarter. - FY2019-Q2AdvancedAnnual report
「At a meeting of our Board of Directors, we resolved on 11 July 2019 to acquire the shares of Namba Hotel Operations Co., Ltd. and make it a subsidiary, and on the same date entered into a share transfer agreement. To expand the hotel business, we will acquire the shares of Namba Hotel Operations Co., Ltd., which operates under a lease agreement a hotel with approximately 200 rooms in Sennichimae, in the Namba district of central Osaka.」
To expand the hotel business, the company resolved to acquire and make a subsidiary of a company operating a hotel with approximately 200 rooms in the Namba district, and entered into a share transfer agreement on 11 July 2019. The post-acquisition ownership ratio was expected to be 100%, with completion scheduled for the end of August 2019. - FY2018AdvancedAnnual report
「In the accommodation business, we made ¥112 million in capital expenditures related to the construction of a hotel in Ginza.」
The Company made ¥112 million in capital expenditures for the construction of a hotel in Ginza. The investment plan called for total investment of ¥4,138 million, completion in July 2020 and an additional 98 rooms, indicating concrete progress in the accommodation business. - FY2018-Q2RestatedAnnual report
「We advanced the accommodation business against a backdrop of steady inbound demand, and although the accommodation division in the Osaka area performed steadily,」
The Company continued to advance the accommodation business against steady inbound demand and stated that the Osaka accommodation division performed steadily. - FY2018-Q1AdvancedAnnual report
「From the first quarter of the current fiscal year, Agora Ohama General Incorporated Association and Agora Ohama LLC have been included in the scope of consolidation as newly established entities.」
2 newly established entities related to the accommodation business were added to the scope of consolidation, bringing the number of consolidated subsidiaries to 33. The disclosure identifies a concrete increase in affiliated companies supporting the accommodation business. - FY2017Cited as achievedAnnual report
「Land Purchase price of land in Chuo-ku, Tokyo 2,765,488 thousand yen」
In fiscal 2017, the Company recorded ¥2,765,488 thousand for the purchase of land in Chuo-ku, Tokyo, confirming the land acquisition reported in the previous quarter as annual information. - FY2017-Q3AdvancedAnnual report
「Land 2,765 August 2017」
As a major asset in the accommodation business segment, the Company acquired land with a carrying amount of ¥2,765 million in August 2017, marking concrete progress in expanding the accommodation business. - FY2017-Q2RestatedAnnual report
「We advanced the accommodation business against a backdrop of steady inbound demand, but」
The Company continues to advance the accommodation business, supported by steady inbound demand. - FY2017-Q1RestatedAnnual report
「We advanced the accommodation business against a backdrop of steady inbound demand, but」
The Company continues to advance the accommodation business, supported by steady inbound demand. - FY2016RestatedAnnual report
「The principal business of the Agora Group in Japan is the accommodation business, centered on the operation of hotels, Japanese-style inns and other lodging facilities.」
The Company continues to position the accommodation business as its principal core business in Japan. - FY2016-Q3RestatedAnnual report
「As part of its efforts to establish a stable, medium- to long-term earnings base in the accommodation business, the core business of the Agora Group,」
The Company positions the accommodation business as its core business and continues to work toward building a stable earnings base. - FY2016-Q2First statedAnnual report
「The Company is pursuing initiatives aimed at actively expanding its accommodation business, the core business of the Agora Group,」
The Company positions the accommodation business as the Group's core business and has stated its policy of actively expanding it.