Impact of terrorism and war on international guests and consumer sentiment
First written in FY2016. 14 of 22 entries say "Restated". Latest entry: FY2026.
Imperial Hotel moved to the "Worse" side of this theme in 2022, 4 years before the typical company in this theme (2026).
The whole theme swung hardest in 2025: 3 of 8 companies on the "Worse" side.
0 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「In the hotel and tourism industries, inbound demand grew sharply, particularly in the first half, owing to the weaker yen and the Osaka-Kansai Expo. Although the second half was affected by travel restrictions resulting from deteriorating Japan-China relations and rising tensions in the Middle East, conditions remained generally firm.」
Travel restrictions associated with worsening Japan-China relations and rising tensions in the Middle East were described as having an actual impact on the demand environment, making international situation risks more concrete. - 2026-05-14WorsenedEarnings
「Although the second half was affected by travel restrictions resulting from deteriorating Japan-China relations and rising tensions in the Middle East, conditions remained generally firm.」
Travel restrictions resulting from deteriorating Japan-China relations and rising tensions in the Middle East were cited as factors affecting results. - FY2025WorsenedAnnual report
「For our group, in addition to delays in the recovery of revenue at the Tokyo head office and Osaka operations, where foreign guests account for approximately 60% of lodging guests under normal conditions, cancellations of lodging, various meetings and banquets due to requests to refrain from such activities and other factors may affect our group’s ability to secure revenue, while higher procurement costs may affect its ability to secure profit.」
Regarding the impact of terrorism, war and other factors, the Tokyo head office and Osaka operations, where foreign lodging guests account for approximately 60%, were identified, and higher procurement costs were added as an impacting factor alongside cancellations of lodging and banquets. - FY2025-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no new major risks or significant changes to the business risks described in the annual securities report that management recognized as potentially having a material effect on the financial position, operating results, or cash flows of the consolidated companies, among the matters concerning business conditions and financial matters described in this Semiannual Report.」
It was stated that there had been no material changes in the major risks, including the impact of the global situation, such as terrorism and war, on foreign customers and consumer sentiment. - FY2024-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It was stated that there had been no material changes in the major risks, including the impact of the global situation, such as terrorism and war, on foreign customers and consumer sentiment. - FY2023-Q3WorsenedAnnual report
「当第３四半期連結累計期間におけるわが国経済は、ウィズコロナの下で、各種政策の効果もあり、景気が持ち直していくことが期待されたものの、ウクライナ情勢などを背景とした世界的な原材料や燃料価格の高騰などに加えて、世界的な金融引き締め等が続く中、海外景気の下振れがわが国景気を下押しするリスクとなるなど、依然として先行きが不透明な状況が続きました。」
The situation in Ukraine was described as affecting the operating environment through higher raw material and fuel prices and the downside risk to overseas economies, making the risks associated with war and the international situation more concrete. - FY2023-Q2WorsenedAnnual report
「当第２四半期連結累計期間におけるわが国経済は、新型コロナウイルス感染症第７波の影響や海外からの渡航制限の長期化に加え、ウクライナ情勢などを背景とした原材料や燃料価格の高騰などにより、経営環境は依然として厳しい状況となりました。」
The situation in Ukraine was described as contributing to a harsher operating environment through higher raw material and fuel prices, making the risks associated with war and the international situation more concrete. - FY2022WorsenedAnnual report
「Changes in the global situation resulting from the outbreak of terrorism, war, conflicts and other events are expected to lead to a decline in foreign customers due to overseas travel restrictions and calls for restraint, as well as a prolonged weakening of consumer sentiment toward tourism, leisure and celebrations.」
Terrorism and war risks were described more specifically as changes in the global situation, including conflicts, and a prolonged decline in foreign customers and weakening of consumer sentiment. - FY2021ReframedAnnual report
「For our group, in addition to lower revenue at the Tokyo head office and Osaka operations, where foreign guests account for approximately 50% of lodging guests, cancellations of various meetings and banquets due to requests to refrain from such activities and other factors may affect our group’s ability to secure revenue.」
The locations where foreign lodging guests account for approximately 50% were identified, and the impacts of declining foreign customers and cancellations of meetings and banquets were described more specifically. - FY2021-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It was stated that there had been no material changes in the major risks, including the impact of the global situation, such as terrorism and war, on visitors to Japan and consumer sentiment. - FY2021-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no occurrences of matters that could materially affect investors’ investment decisions among the matters relating to the business and financial position described in this quarterly report, nor were there any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
It was stated that there had been no material changes in the risks described in the previous fiscal year, including the impact of the global situation, such as terrorism and war, on visitors to Japan and consumer sentiment. - FY2020-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It was stated that there had been no material changes in the risks described in the previous fiscal year, including the impact of the global situation, such as terrorism and war, on visitors to Japan and consumer sentiment. - FY2020-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no occurrences of matters that could materially affect investors’ investment decisions among the matters relating to the business and financial position described in this quarterly report, nor were there any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
It was stated that there had been no material changes in the risks described in the previous fiscal year, including the impact of the global situation, such as terrorism and war, on visitors to Japan and consumer sentiment. - FY2019-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It was stated that there had been no material changes in the risks described in the previous fiscal year, including the impact of the global situation, such as terrorism and war, on visitors to Japan and consumer sentiment. - FY2019-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It was stated that there had been no material changes in the risks described in the previous fiscal year, including the impact of the global situation, such as terrorism and war, on visitors to Japan and consumer sentiment. - FY2019-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no occurrences of matters that could materially affect investors’ investment decisions among the matters relating to the business and financial position described in this quarterly report, nor were there any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
It was stated that there had been no material changes in the risks described in the previous fiscal year, including the risks of impacts on visitors to Japan and consumer sentiment arising from the global situation, including terrorism and war. - FY2018RestatedAnnual report
「Changes in the global situation, including acts of terrorism and the outbreak of wars, are expected to reduce the number of foreign visitors to Japan as people refrain from overseas travel and weaken consumer sentiment toward leisure and celebrations, potentially affecting our group’s business performance.」
The risks of a decline in visitors to Japan and weakening consumer sentiment due to the global situation, including terrorism and war, were reconfirmed. - FY2018-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It was stated that there had been no material changes in the risks of impacts on visitors to Japan and consumer sentiment arising from the global situation, including terrorism and war. - FY2018-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It was stated that there had been no material changes in the risks of impacts on visitors to Japan and consumer sentiment arising from the global situation, including terrorism and war. - FY2018-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no occurrences of matters that could materially affect investors’ investment decisions among the matters relating to the business and financial position described in this quarterly report, nor were there any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
It was stated that there had been no material changes in the impact risks on visitors to Japan and consumer sentiment arising from the global situation, including terrorism and war. - FY2017RestatedAnnual report
「Changes in the global situation, including acts of terrorism and the outbreak of wars, are expected to reduce the number of foreign visitors to Japan as people refrain from overseas travel and weaken consumer sentiment toward leisure and celebrations, potentially affecting our group’s business performance.」
The risks of a decline in visitors to Japan and weakening consumer sentiment due to terrorism, war and other factors were reconfirmed. - FY2016First statedAnnual report
「Changes in the global situation, including acts of terrorism and the outbreak of international wars, are expected to reduce the number of foreign customers as people refrain from overseas travel and weaken consumer sentiment toward leisure and celebrations, potentially affecting our group’s business performance.」
The decline in foreign customers and weakening consumer sentiment resulting from changes in the global situation are identified as risks.