Ongoing capital investment to maintain the main building for 50 and 100 years
First written in FY2017. 1 of 3 entries say "Restated". Latest entry: FY2023.
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- FY2023AdvancedAnnual report
「In terms of facilities, the arcade extending from the main building's front entrance over the pavement is an important facade symbolising the main building, but corrosion has been found at the bases of its pillars. We will proceed with restoration work involving reconstruction to ensure safety and durability, and after completion will apply for designation by the City of Yokohama as a historic building, thereby working to preserve the streetscape and enhance the added value of the classic hotel.」
The policy of maintaining the main building over the long term progressed to specific measures: reconstruction and restoration of the front-entrance arcade, followed by an application for historic-building designation upon completion. - FY2018RestatedAnnual report
「We consider it our most important management objective to maintain the main building for another 50 or 100 years as a hotel operating facility, and will continue the necessary renovation work going forward with the aim of enhancing corporate value over the medium to long term.」
The policy of continuing the necessary renovation work regardless of the profit or loss position in order to maintain the main building for 50 or 100 years has been reaffirmed. - FY2017First statedAnnual report
「We consider it our most important management objective to maintain the main building for another 50 or 100 years as a hotel operating facility, and will carry out the necessary capital investment regardless of our profit or loss position.」
A policy was clearly stated of making the necessary capital investments regardless of the profit or loss position in order to preserve the main building's historic value over the long term.