Worth reading
54Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
4109
¥ million (year-on-year increase in revenue)Wording
Conditional
How definitive the wording is.Contents of this document
Earnings presentationFiscal year ending March 202613 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales29,273 million yen+16.3%
Operating profit1,162 million yen+27.3%
Ordinary income1,189 million yen+49.5%
Net income1,169 million yen-32.7%
Selling, general and administrative expenses23,791 million yen
Full-year earnings forecast
Net Sales
32,000 million yen
Operating profit
1,200 million yen
Ordinary income
1,200 million yen
Profit attributable to owners of the parent
900 million yen
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Ahead of forecastBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Quantitative profit bridge: Not disclosed. Cash flow from operating activities was +¥808 million due to improved profitability, while cash flow from investing activities was -¥249 million due to time-deposit placements and investment in new hotels
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
The company expects contributions from 3 newly opened hotels—Okinawa Chatan, Osaka Namba and Fukuoka Hakata—as well as greater operating efficiency through DX and growth in ADR and RevPAR. Numerical assumptions were Not disclosedNew initiatives
- Open RIHGA Royal Resort Okinawa Chatan in April 2026
- Open Anchored by RIHGA Osaka Namba in April 2026
- Scheduled to open Bouncy by RIHGA Fukuoka Hakata in September 2026
- Establish representatives (REPs) for South Korea and Taiwan and strengthen overseas sales
- Renew the PMS and introduce AI revenue management, self-service check-in kiosks and BI tools
- Reorganize the company into the Corporate Planning Division, responsible for developing new hotels, and the Business Operations Division, responsible for reforming existing hotels
- Double the number of RIHGA Points awarded
Key KPIsA metric the company considers important as a management benchmark.
- Occupancy rate (OCC)80.4 %
- Average daily rate (ADR)18,056 yen
- RevPAR14,512 yen
- Percentage of foreign guests45.2 %Year on year against the same period last year+? Figure shown in the chart on a comparable basis
- RIHGA Members membership555,000 people
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Occupancy rate 80.4%, average daily rate ¥18,056, RevPAR ¥14,512Segment results
Revenue by segment only: Rooms ¥13,156 million (up 27.8% year on year), Banquets ¥5,534 million (up 1.2%), Restaurants ¥4,010 million (up 14.0%), and Other ¥6,571 million (up 11.7%)Medium-term management plan targets
RIHGA VISION 2035: open 25 hotels by fiscal 2030 and 35 hotels by fiscal 2035. The materials also state that the company aims to open 20 hotels by 2035Market Size / Share
Inbound tourism expenditure of ¥8,641.9 billion in 2025, 42.68 million inbound visitors in 2025, and a target of 60 million visitors in 2030Number of stores and locations
As of 31 March 2026: 15 existing hotels, 7 newly opened hotels, and 6 under discussion and consideration. The number of openings and closures during the period was Not disclosedNumber of employees
The 7 new hotels require approximately 140 employees in total, or approximately 20 employees per hotel. Total employees and changes during the period were Not disclosedCapital expenditures
More than ¥2.1 billion
Annual Dividend
¥6 for the fiscal year ending March 2026 (interim and year-end breakdown Not disclosed); forecast ¥6 for the fiscal year ending March 2027| Item | Details |
|---|---|
| Document type | Earnings presentation |
| Fiscal Period Covered | Fiscal year ending March 2026 |
| Net Sales | 29,273 million yen (YoY +16.3%) |
| Operating profit | 1,162 million yen (YoY +27.3%) |
| Ordinary income | 1,189 million yen (YoY +49.5%) |
| Net income | 1,169 million yen (YoY -32.7%) |
| Selling, general and administrative expenses | 23,791 million yen |
| Full-year earnings forecast | Net Sales 32,000 million yen / Operating profit 1,200 million yen / Ordinary income 1,200 million yen / Profit attributable to owners of the parent 900 million yen |
| Self-assessment against the plan | Ahead of forecast |
| Segment results | Revenue by segment only: Rooms ¥13,156 million (up 27.8% year on year), Banquets ¥5,534 million (up 1.2%), Restaurants ¥4,010 million (up 14.0%), and Other ¥6,571 million (up 11.7%) |
| Breakdown of Factors Affecting the Change | Quantitative profit bridge: Not disclosed. Cash flow from operating activities was +¥808 million due to improved profitability, while cash flow from investing activities was -¥249 million due to time-deposit placements and investment in new hotels |
| Key KPIs | Indicator name Occupancy rate (OCC) / Value 80.4 % / Year on year against the same period last year Not disclosed, Indicator name Average daily rate (ADR) / Value 18,056 yen / Year on year against the same period last year Not disclosed, Indicator name RevPAR / Value 14,512 yen / Year on year against the same period last year Not disclosed, Indicator name Percentage of foreign guests / Value 45.2 % / Year on year against the same period last year +? Figure shown in the chart on a comparable basis, Indicator name RIHGA Members membership / Value 555,000 people / Year on year against the same period last year Not disclosed |
| Unit price and quantity metrics | Occupancy rate 80.4%, average daily rate ¥18,056, RevPAR ¥14,512 |
| Number of stores and locations | As of 31 March 2026: 15 existing hotels, 7 newly opened hotels, and 6 under discussion and consideration. The number of openings and closures during the period was Not disclosed |
| Number of employees | The 7 new hotels require approximately 140 employees in total, or approximately 20 employees per hotel. Total employees and changes during the period were Not disclosed |
| Assumptions Underlying the Business Outlook | The company expects contributions from 3 newly opened hotels—Okinawa Chatan, Osaka Namba and Fukuoka Hakata—as well as greater operating efficiency through DX and growth in ADR and RevPAR. Numerical assumptions were Not disclosed |
| Medium-term management plan targets | RIHGA VISION 2035: open 25 hotels by fiscal 2030 and 35 hotels by fiscal 2035. The materials also state that the company aims to open 20 hotels by 2035 |
| Annual Dividend | ¥6 for the fiscal year ending March 2026 (interim and year-end breakdown Not disclosed); forecast ¥6 for the fiscal year ending March 2027 |
| Capital expenditures | More than ¥2.1 billion |
| Market Size / Share | Inbound tourism expenditure of ¥8,641.9 billion in 2025, 42.68 million inbound visitors in 2025, and a target of 60 million visitors in 2030 |
| New initiatives | Open RIHGA Royal Resort Okinawa Chatan in April 2026, Open Anchored by RIHGA Osaka Namba in April 2026, Scheduled to open Bouncy by RIHGA Fukuoka Hakata in September 2026, Establish representatives (REPs) for South Korea and Taiwan and strengthen overseas sales, Renew the PMS and introduce AI revenue management, self-service check-in kiosks and BI tools, Reorganize the company into the Corporate Planning Division, responsible for developing new hotels, and the Business Operations Division, responsible for reforming existing hotels, Double the number of RIHGA Points awarded |
Items this document does not state (10)
Gross Profit MarginOperating profit marginResults for the three months of the current quarterProgress against full-year forecastRisk amount incorporated into the outlookFinancial targetsPayout ratioAcquisition of treasury sharesOrders received and order backlogKey points of the Q&A
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The full-year contribution from Shiba Park Hotel, its conversion into a wholly owned subsidiary, strong performance at the lodging-focused hotels, growth in overseas customers, the reception facility operation commissioned for the Japan International Expo during the first half, and the containment of costs related to opening new hotels contributed to higher revenue and profits. The decline in net income was due to the absence of the extraordinary gain from negative goodwill recorded in the previous fiscal year.
How to read this page
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