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The Royal Hotel,Limited (9713) · FactRestatedLatest Results (2026-05-14): "Worsened"

Intensifying Competition in the Hotel Industry Due to Increased New Openings

First written in FY2017-Q1. 9 of 15 entries say "Restated". Latest entry: 2026-05-14.

15entries
11years
1from disclosures
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How it moved
ProgressHeldSoftenedWorseWorsenedFY2020RestatedFY20222016: 220162017: 320172018: 320182019: 320192020: 220202021: 020212022: 120222023: 020232024: 020242025: 020252026: 1
Same theme, other companies
Intensifying Competition Among Hotels Due to Overheated Domestic Hotel DevelopmentA theme 2 companies write about · 2 as a headwind · 0 as a tailwind

The Royal Hotel,Limited moved to the "Worse" side of this theme in 2026.

0 other companies' latest entry also says "Worsened".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
  1. 2026-05-14WorsenedResults

    「Competition is also expected to intensify as new hotels open.」

    Continued to explicitly identify intensifying competition from new hotel openings as a risk in the outlook.
  2. FY2022RestatedAnnual report

    「In addition, as inbound demand has contracted due to the impact of the novel coronavirus, concerns have arisen over oversupply in the hotel market as new entrants from other industries continue to enter the market.」

    The company continues to recognise intensifying competition and oversupply in the hotel market due to new hotel openings and entry by companies from other industries.
  3. FY2020WorsenedAnnual report

    「Our group’s principal business is hotel management, but this business has relatively low barriers to entry, and numerous competitors, including small and medium-sized operators, exist in the market. In addition, as inbound demand has contracted due to the impact of the novel coronavirus, concerns have arisen over oversupply in the hotel market as new entrants from other industries continue to enter the market.」

    In addition to the previous intensification of competition due to new hotel openings, the company explicitly identified new entrants from other industries and concerns over oversupply.
  4. FY2020-Q3RestatedAnnual report

    「Although the number of visitors to Japan has reached a record high, the competitive environment in the hotel industry has become increasingly challenging due to new hotel openings and other factors.」

    The company continues to hold the market view that the competitive environment has become more challenging due to new hotel openings and other factors.
  5. FY2020-Q2RestatedAnnual report

    「Although the number of visitors to Japan has reached a record high, the competitive environment in the hotel industry has become increasingly challenging due to new hotel openings and other factors.」

    The company continued from the previous quarter to state the market view that the competitive environment has become more challenging due to new hotel openings and other factors.
  6. FY2020-Q1WorsenedAnnual report

    「Although the number of visitors to Japan has reached a record high, the competitive environment in the hotel industry has become increasingly challenging due to new hotel openings and other factors.」

    The company expressed the market view that the competitive environment has become even more challenging due to new hotel openings and other factors.
  7. FY2019-Q3RestatedAnnual report

    「Although the number of visitors to Japan exceeded the previous year’s level, the industry environment was affected by the intensifying competitive environment resulting from new hotel openings and other factors, as well as cancellations of trips to Japan caused by a series of natural disasters since June last year.」

    The company reiterates the market view that competition continues to intensify due to new hotel openings and that cancellations of trips to Japan caused by natural disasters also affected conditions in the industry.
  8. FY2019-Q2WorsenedAnnual report

    「Although the number of visitors to Japan exceeded the previous year’s level, the industry environment was affected by the intensifying competitive environment resulting from new hotel openings and other factors, as well as cancellations of trips to Japan caused by a series of natural disasters from June onward.」

    In addition to intensifying competition due to new hotel openings, cancellations of trips to Japan caused by natural disasters emerged as an actual factor affecting conditions in the industry.
  9. FY2019-Q1RestatedAnnual report

    「Although the competitive environment in the hotel industry has intensified due to new hotel openings and other factors, accommodation demand has remained firm, as the number of visitors to Japan reached a record high.」

    The company continues to express the market view that the competitive environment is intensifying due to new hotel openings.
  10. FY2018RestatedAnnual report

    「Although growth in inbound visitors is expected to continue in the hotel industry, the competitive environment is expected to intensify further due to new hotel openings, the expansion of private lodging and other factors.」

    The company continues to recognise the intensification of the competitive environment due to new hotel openings and private lodging as a market condition.
  11. FY2018-Q1RestatedAnnual report

    「Although the competitive environment in the hotel industry has intensified due to new hotel openings, the expansion of private lodging and other factors, accommodation demand has remained firm, as the number of visitors to Japan has continued to exceed the previous year’s level.」

    The company continues to recognise new hotel openings and private lodging as market conditions intensifying competition.
  12. FY2017WorsenedAnnual report

    「In the hotel industry as well, while an increase in visitors to Japan is still expected, the competitive environment is expected to intensify further due to new hotel openings, the spread of private lodging and other factors,」

    In addition to the previous increase in new hotel openings, the company newly identified the spread of private lodging as a factor intensifying competition and expects the competitive environment to become even more intense.
  13. FY2017-Q3RestatedAnnual report

    「Although the competitive environment in the hotel industry has intensified due to the increase in new hotel openings and other factors, accommodation demand has remained firm, as the number of visitors to Japan has reached a record high.」

    The company continues to express the market view that the competitive environment is intensifying due to an increase in new hotel openings.
  14. FY2017-Q2RestatedAnnual report

    「Although the competitive environment in the hotel industry has intensified due to the increase in new hotel openings and other factors, accommodation demand has remained firm, as the number of visitors to Japan has continued to exceed the previous year’s level.」

    The company continues to express the market view that the competitive environment is intensifying due to an increase in new hotel openings.
  15. FY2017-Q1First statedAnnual report

    「In the hotel industry, the competitive environment has intensified due to the increase in new openings and other factors.」

    States that the increase in new hotel openings has intensified competition in the hotel industry.
Moved together

"Risk of Fluctuations in Economic Conditions, Overseas Developments and Travel Trends" moved the same way as this thread, in the same document, in 5 of its 15 moves.

542★123
  1. ★This thread
  2. 1Risk of Fluctuations in Economic Conditions, Overseas Developments and Travel Trends5×
  3. 2Risk of Impairment Losses Due to Changes in Land Prices and Earnings4×
  4. 3Resilient Accommodation Demand Driven by Growth in Visitors to Japan2×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
The Royal Hotel,Limited's next results are scheduled for 2026-11-13. Read the earnings preview It last moved in the Results of 2026-05-14: "Worsened".
News
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