Worth reading
61In focus
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
1200
Millions of yen (increase from the previous forecast in full-year operating profit)Wording
Conditional
How definitive the wording is.Contents of this document
Presentation materials for financial resultsSecond quarter (interim period) of the fiscal year ending December 202610 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥40,755 million+2.0%
Operating profit¥6,270 million-8.8%
Ordinary income¥6,072 million-10.7%
Net income¥8,015 million+77.4%
Results for the three months of the current quarter
Net Sales
¥21,330 million
Operating profit
¥3,684 million
Ordinary income
¥3,955 million
Profit attributable to owners of parent for the quarter
¥2,668 million
Full-year earnings forecast
Net Sales
¥84,000 million
Operating profit
¥13,200 million
Ordinary income
¥12,800 million
Net income for the current fiscal year
¥12,500 million
WHG Business Revenue
¥50,300 million
Luxury & Banquet Business Revenue
¥20,700 million
Resort Business Revenue
¥11,600 million
WHG Business Operating Profit
¥10,900 million
Luxury & Banquet Business Operating Profit
¥1,450 million
Resort Business Operating Profit
¥850 million
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Significant increase in profit compared with the initial planBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Net Sales
Accommodation (WHG)142
WHG Other-229
Weddings429
Food and Beverage138
Luxury & Banquet Accommodation45
Banquets-51
Luxury & Banquet Other97
Day-Trip Leisure59
Resort Accommodation58
Resort Other1
Other (including adjustments)107
Revenue Decline Due to Rooms Taken Out of Service-1,420
Revenue growth due to higher ADR and other factors1,333
Operating profit
WHG-69
Decline in profit due to suspended room sales-1,065
Luxury & Banquet469
Resort87
Labor Costs-375
Depreciation and amortization-277
One-time investment expenses-263
Advertising expenses-125
Other expenses-52
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
WHG Overall Second-Half Occupancy Rate85%
WHG Overall Full-Year Occupancy Rate84%
WHG Overall Full-Year ADR¥18,738
WHG Tokyo Full-Year Occupancy Rate87%
WHG Tokyo Full-Year ADR¥20,720
Hotel Chinzanso Tokyo Full-Year Occupancy Rate69%
Hotel Chinzanso Tokyo Full-Year ADR¥56,009
Hakone Kowakudani Ten-yu Full-Year Occupancy Rate90%
Hakone Kowakudani Ten-yu Full-Year ADR¥58,968
Number of weddings held1,683 cases
Average Price per Wedding¥4,078 thousand
Hakone Kowakudani Yunessun attendance511 thousand people
New initiatives
- Expansion of WHG Hotels properties
- Planned opening of Osaka Izumi-Chuo Station Washington Hotel (provisional name) by the end of 2026
- Renovation of Tokyo Bay Ariake Washington Hotel
- Full renovation of 108 rooms at Hotel Gracery Ginza and introduction of smart rooms
Key KPIsA metric the company considers important as a management benchmark.
- Inbound guests (domestic properties only)1,225 thousand customersYear-on-year (%)-1.8
- Total guests (domestic properties only)2,018 thousand customersYear-on-year (%)-6.5
- Inbound guest ratio60.7 %Year-on-year change (points)2.9
- ADR across WHG¥18,709Year on year against the same period last year+9.0%
- Occupancy rate across WHG82 %
- Number of weddings held828 EngagementsYear on year against the same period last year+17.1%
- Hakone Kowakudani Yunessun attendance204 thousand customersYear on year against the same period last year+0.5%
Unit price and quantity metricsThese figures show sales broken down by price and volume.
WHG Overall
ADR
¥18,709
Year-on-year (%)9
Utilization rate
82 %
ホテル椿山荘東京
Number of weddings held
828 Engagements
Average Number of Guests per Wedding
49 people
Average Price per Wedding
¥4,061 thousand
Hakone Kowakudani Yunessun
Admissions
204 thousand customers
Segment results
WHG Business
Net Sales
¥24,370 million
Revenue year-on-year_pct-0.4
Operating profit
¥5,273 million
Operating profit year-on-year_pct-12.6
Luxury & Banquet Business
Net Sales
¥10,444 million
Revenue year-on-year_pct6.7
Operating profit
¥956 million
Operating profit year-on-year_pct28
Resort Business
Net Sales
¥5,219 million
Revenue year-on-year_pct2.4
Operating profit
¥68 million
Operating profit year-on-year_pct-37.6
Other (including adjustments)
Net Sales
¥720 million
Operating profit
¥-27 million
Financial targets
Equity ratio
43.4 %
Number of stores and locations
As of 6 August 2026: 34 WHG accommodation properties, 11 resort accommodation properties, and 1 luxury and banquet accommodation property. Number of openings and closures during the period: Not disclosed.Capital expenditures
¥3,030 million
| Item | Details |
|---|---|
| Document type | Presentation materials for financial results |
| Fiscal Period Covered | Second quarter (interim period) of the fiscal year ending December 2026 |
| Net Sales | ¥40,755 million (YoY +2.0%) |
| Operating profit | ¥6,270 million (YoY -8.8%) |
| Ordinary income | ¥6,072 million (YoY -10.7%) |
| Net income | ¥8,015 million (YoY +77.4%) |
| Results for the three months of the current quarter | Net Sales ¥21,330 million / Operating profit ¥3,684 million / Ordinary income ¥3,955 million / Profit attributable to owners of parent for the quarter ¥2,668 million |
| Full-year earnings forecast | Net Sales ¥84,000 million / Operating profit ¥13,200 million / Ordinary income ¥12,800 million / Net income for the current fiscal year ¥12,500 million / WHG Business Revenue ¥50,300 million / Luxury & Banquet Business Revenue ¥20,700 million / Resort Business Revenue ¥11,600 million / WHG Business Operating Profit ¥10,900 million / Luxury & Banquet Business Operating Profit ¥1,450 million / Resort Business Operating Profit ¥850 million |
| Self-assessment against the plan | Significant increase in profit compared with the initial plan |
| Segment results | WHG Business Net Sales ¥24,370 million / Revenue year-on-year_pct -0.4 / Operating profit ¥5,273 million / Operating profit year-on-year_pct -12.6 / Luxury & Banquet Business Net Sales ¥10,444 million / Revenue year-on-year_pct 6.7 / Operating profit ¥956 million / Operating profit year-on-year_pct 28 / Resort Business Net Sales ¥5,219 million / Revenue year-on-year_pct 2.4 / Operating profit ¥68 million / Operating profit year-on-year_pct -37.6 / Other (including adjustments) Net Sales ¥720 million / Operating profit ¥-27 million |
| Breakdown of Factors Affecting the Change | Net Sales Accommodation (WHG) 142 / WHG Other -229 / Weddings 429 / Food and Beverage 138 / Luxury & Banquet Accommodation 45 / Banquets -51 / Luxury & Banquet Other 97 / Day-Trip Leisure 59 / Resort Accommodation 58 / Resort Other 1 / Other (including adjustments) 107 / Revenue Decline Due to Rooms Taken Out of Service -1,420 / Revenue growth due to higher ADR and other factors 1,333 / Operating profit WHG -69 / Decline in profit due to suspended room sales -1,065 / Luxury & Banquet 469 / Resort 87 / Labor Costs -375 / Depreciation and amortization -277 / One-time investment expenses -263 / Advertising expenses -125 / Other expenses -52 |
| Key KPIs | Indicator name Inbound guests (domestic properties only) / Value 1,225 thousand customers / Year-on-year (%) -1.8 thousand customers, Indicator name Total guests (domestic properties only) / Value 2,018 thousand customers / Year-on-year (%) -6.5 thousand customers, Indicator name Inbound guest ratio / Value 60.7 % / Year-on-year change (points) 2.9 %, Indicator name ADR across WHG / Value ¥18,709 / Year on year against the same period last year ¥9, Indicator name Occupancy rate across WHG / Value 82 %, Indicator name Number of weddings held / Value 828 Engagements / Year on year against the same period last year 17.1 Engagements, Indicator name Hakone Kowakudani Yunessun attendance / Value 204 thousand customers / Year on year against the same period last year 0.5 thousand customers |
| Unit price and quantity metrics | WHG Overall ADR ¥18,709 / Utilization rate 82 % / ホテル椿山荘東京 Number of weddings held 828 Engagements / Average Number of Guests per Wedding 49 people / Average Price per Wedding ¥4,061 thousand / Hakone Kowakudani Yunessun Admissions 204 thousand customers |
| Number of stores and locations | As of 6 August 2026: 34 WHG accommodation properties, 11 resort accommodation properties, and 1 luxury and banquet accommodation property. Number of openings and closures during the period: Not disclosed. |
| Assumptions Underlying the Business Outlook | WHG Overall Second-Half Occupancy Rate 85% / WHG Overall Full-Year Occupancy Rate 84% / WHG Overall Full-Year ADR ¥18,738 / WHG Tokyo Full-Year Occupancy Rate 87% / WHG Tokyo Full-Year ADR ¥20,720 / Hotel Chinzanso Tokyo Full-Year Occupancy Rate 69% / Hotel Chinzanso Tokyo Full-Year ADR ¥56,009 / Hakone Kowakudani Ten-yu Full-Year Occupancy Rate 90% / Hakone Kowakudani Ten-yu Full-Year ADR ¥58,968 / Number of weddings held 1,683 cases / Average Price per Wedding ¥4,078 thousand / Hakone Kowakudani Yunessun attendance 511 thousand people |
| Financial targets | Equity ratio 43.4 % |
| Capital expenditures | ¥3,030 million |
| New initiatives | Expansion of WHG Hotels properties, Planned opening of Osaka Izumi-Chuo Station Washington Hotel (provisional name) by the end of 2026, Renovation of Tokyo Bay Ariake Washington Hotel, Full renovation of 108 rooms at Hotel Gracery Ginza and introduction of smart rooms |
Items this document does not state (13)
Gross Profit MarginOperating profit marginSelling, general and administrative expensesProgress against full-year forecastNumber of employeesRisk amount incorporated into the outlookMedium-term management plan targetsAnnual DividendPayout ratioAcquisition of treasury sharesOrders received and order backlogMarket Size / ShareKey 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.Revenue increased due to the provision of higher-value-added products, growth in inbound demand mainly from Europe, the United States and Australia, demand-based pricing, and increases in both the number of wedding guests and per-guest prices. Operating profit declined due to revenue lost from rooms being taken out of service for renovations, lower marginal profit associated with the renovations, and increases in labor costs, depreciation and amortization, one-time investment expenses and other costs.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.