Priority for new-wing renovation investment to strengthen competitiveness
First written in FY2016. 5 of 8 entries say "Advanced", first in FY2017. Latest entry: FY2022.
The whole theme swung hardest in 2021: 2 of 6 companies on the "Worse" side.
9 other companies' latest entry also says "Advanced".
- FY2022AdvancedAnnual report
「In addition, as travel demand recovered rapidly on the back of the National Travel Discount campaign and other factors, and the number of high-spending travelers increased, we expanded our high-priced, high-value-added offerings and improved profitability by completing renovation work on some upper-floor guest rooms and the club lounge.」
Renovation work on some upper-floor guest rooms in the Tower Building and the club lounge was completed, expanding our high-priced, high-value-added offerings. - FY2019Cited as achievedAnnual report
「Higher unit prices driven by the year-round sale of rooms on 4 floors of the Tower Building that were renovated in the previous fiscal year」
The completion of renovations on 4 floors of the Tower Building and the resulting benefits from year-round sales are being reiterated as past events. - FY20184 floors completed and renovation of all guest rooms postponedAnnual report
「As part of our facilities initiatives to maintain and improve competitiveness, we began renovating guest rooms in the Tower Wing and completed the renovation of 4 of its 12 floors.」
Although renovation of 4 of the Tower Wing’s 12 floors was completed, the planned 2019 renovation of all Tower Wing guest rooms was postponed because of soaring construction-material costs and the risk of schedule delays. - FY2018-Q3AdvancedAnnual report
「Renovation work on guest rooms in the Tower Wing and other work is being carried out on 2 floors from February through the end of April and on 2 floors from May through the end of July. The construction cost, including tax, is ¥936.680 million. During the cumulative third quarter, the acquisition cost of assets related to the work, including construction in progress, was ¥724.978 million.」
The Tower Wing guest-room renovation work progressed, with construction costs of ¥936.680 million and asset acquisitions during the cumulative third quarter totaling ¥724.978 million. - FY2018-Q2AdvancedAnnual report
「Renovation work on guest rooms in the Tower Wing and other work is being carried out on 2 floors from February through the end of April and on 2 floors from May through the end of July. The construction cost, including tax, is ¥779.869 million. During the cumulative second quarter, the acquisition cost of assets related to the work, including construction in progress, was ¥610.610 million.」
The New Wing and Tower Wing guest-room renovation plan proceeded to the implementation stage, with 2 floors completed from February through the end of April and a further 2 floors under renovation from May through the end of July. The construction cost was ¥779.869 million, and asset acquisitions during the cumulative second quarter totaled ¥610.610 million. - FY2018-Q1AdvancedAnnual report
「In addition, we are working to improve profitability and achieve a return to profitability through renovation work on guest rooms in the Tower Wing and other initiatives, so that these material events and other matters can be resolved at an early stage. As stated in “Section 4: Accounting Information—Material Subsequent Events,” financing for the Tower Wing guest-room renovation work has also been completed.」
The policy of investing in New Wing guest-room renovations took concrete form as the Tower Wing guest-room renovation project and progressed through completion of its financing. - FY2017AdvancedAnnual report
「Large-scale renovation work on all guest rooms in the New Wing is scheduled for the 141st and 142nd fiscal years.」
The policy of investing in the New Wing renovation took concrete form in a guest-room renovation plan involving an investment of ¥2.6 billion, commencement in February 2018, and scheduled completion in November 2019. - FY2016First statedAnnual report
「To strengthen competitiveness, we decided to revise the planned dividend funded by capital surplus, with the aim of allocating as much as possible to capital investment in the New Wing renovation.」
The company indicates that capital investment in the New Wing renovation will be prioritized over shareholder returns.