Worth reading
42Recurring
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
12.4
¥100 million (increase in revenue)Wording
Conditional
How definitive the wording is.Contents of this document
Financial results presentationQ3 FY20267 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥59,890 million+2.1%
Operating profit¥7,860 million-10.7%
Ordinary income¥7,528 million-12.8%
Net income¥9,020 million+57.3%
Results for the three months of the current quarter
Net Sales
¥19,134 million
Operating profit
¥1,589 million
Ordinary income
¥1,456 million
Net income
¥1,005 million
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Net Sales
Accommodation (WHG)240
Other (WHG)-202
Revenue Decline Due to Rooms Taken Out of Service-1,920
Weddings409
Food and Beverage185
Accommodation (Luxury & Banquet)82
Banquets-112
Other (Luxury & Banquet)109
Day-Trip Leisure249
Accommodation (Resort)136
Other (Resort)17
Other (including adjustments)128
Revenue growth due to higher ADR and other factors1,958
Operating profit
WHG30
Decline in profit due to suspended room sales-1,447
Luxury & Banquet469
Profit growth driven by higher ADR and other factors1,477
Resort293
Labor costs-602
Depreciation and amortization-468
One-time investment expenses-390
Advertising expenses-170
Other expenses-97
New initiatives
- Construction and direct operation of Hotel Gracery Ise (tentative name), scheduled to open in autumn 2028, with 128 rooms planned
- Franchise opening of Tachikawa Washington Hotel WEST WING (tentative name), scheduled to open in winter 2028
- Franchise opening of SPA 葉港の湯 Washington Hotel Sasebo Station Front (tentative name), scheduled to open in spring 2028
- Full-property renovation and renewal of Canal City-Fukuoka Washington Hotel
- Guest room renovation at Hotel Gracery Shinjuku
- Construction of a new banquet venue, “Foresta,” at Hotel Chinzanso Tokyo
- Renovation of the chapel, preparation rooms and bridal room at Le Merci Motom Ujina
Key KPIsA metric the company considers important as a management benchmark.
- Inbound guests (domestic properties only)1,784 thousand customersYear on year against the same period last year-1.8%
- Total guests (domestic properties only)3,055 thousand customersYear on year against the same period last year-5.3%
- Inbound guest ratio58.4 %Year on year against the same period last year+2.1%
- Inbound guest ratio across WHG61.2 %Year on year against the same period last year+2.6%
- Yunessun visitor count414 thousand customers
Unit price and quantity metricsThese figures show sales broken down by price and volume.
WHG Overall
ADR
9M FY2026¥16,782
Year on year against the same period last year+7.0%
Utilization rate
9M FY202683 %
ホテル椿山荘東京
Number of weddings held
9M FY20261,100 Engagements
Year on year against the same period last year+12.1%
Average number of guests per wedding
9M FY202649 people
Year on year against the same period last year+4.3%
Average Price per Wedding
9M FY2026¥4,065 thousand
Year on year against the same period last year+2.3%
Hakone Kowakudani Yunessun
Admissions
9M FY2026414 thousand customers
Segment results
WHG Business
Net Sales
¥35,755 million
Year-on-year sales0.1
Operating profit
¥6,842 million
Year-on-year operating profit-13.7
Luxury & Banquet business
Net Sales
¥14,312 million
Year-on-year sales4.9
Operating profit
¥394 million
Year-on-year operating profit51.5
Resort business
Net Sales
¥8,754 million
Year-on-year sales4.8
Operating profit
¥673 million
Year-on-year operating profit5
Other (including adjustments)
Net Sales
¥1,067 million
Year-on-year sales13.6
Operating profit
¥-50 million
Year-on-year operating profit-42.9
Financial targets
Equity ratio
End-September 202644.8 %
Number of stores and locations
As of 5 November 2026: 34 WHG lodging locations, 11 resort lodging locations, and 1 luxury and banquet lodging location. Openings and closures during the period: Not disclosed| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | Q3 FY2026 |
| Net Sales | ¥59,890 million (YoY +2.1%) |
| Operating profit | ¥7,860 million (YoY -10.7%) |
| Ordinary income | ¥7,528 million (YoY -12.8%) |
| Net income | ¥9,020 million (YoY +57.3%) |
| Results for the three months of the current quarter | Net Sales ¥19,134 million / Operating profit ¥1,589 million / Ordinary income ¥1,456 million / Net income ¥1,005 million |
| Segment results | WHG Business Net Sales ¥35,755 million / Year-on-year sales 0.1 / Operating profit ¥6,842 million / Year-on-year operating profit -13.7 / Luxury & Banquet business Net Sales ¥14,312 million / Year-on-year sales 4.9 / Operating profit ¥394 million / Year-on-year operating profit 51.5 / Resort business Net Sales ¥8,754 million / Year-on-year sales 4.8 / Operating profit ¥673 million / Year-on-year operating profit 5 / Other (including adjustments) Net Sales ¥1,067 million / Year-on-year sales 13.6 / Operating profit ¥-50 million / Year-on-year operating profit -42.9 |
| Breakdown of Factors Affecting the Change | Net Sales Accommodation (WHG) 240 / Other (WHG) -202 / Revenue Decline Due to Rooms Taken Out of Service -1,920 / Weddings 409 / Food and Beverage 185 / Accommodation (Luxury & Banquet) 82 / Banquets -112 / Other (Luxury & Banquet) 109 / Day-Trip Leisure 249 / Accommodation (Resort) 136 / Other (Resort) 17 / Other (including adjustments) 128 / Revenue growth due to higher ADR and other factors 1,958 / Operating profit WHG 30 / Decline in profit due to suspended room sales -1,447 / Luxury & Banquet 469 / Profit growth driven by higher ADR and other factors 1,477 / Resort 293 / Labor costs -602 / Depreciation and amortization -468 / One-time investment expenses -390 / Advertising expenses -170 / Other expenses -97 |
| Key KPIs | Indicator name Inbound guests (domestic properties only) / Value 1,784 thousand customers / Year on year against the same period last year -1.8 thousand customers, Indicator name Total guests (domestic properties only) / Value 3,055 thousand customers / Year on year against the same period last year -5.3 thousand customers, Indicator name Inbound guest ratio / Value 58.4 % / Year on year against the same period last year 2.1 %, Indicator name Inbound guest ratio across WHG / Value 61.2 % / Year on year against the same period last year 2.6 %, Indicator name Yunessun visitor count / Value 414 thousand customers / Year on year against the same period last year Not disclosed |
| Unit price and quantity metrics | WHG Overall ADR 9M FY2026 ¥16,782 / Year on year against the same period last year ¥7 / Utilization rate 9M FY2026 83 % / Year on year against the same period last year Not disclosed / ホテル椿山荘東京 Number of weddings held 9M FY2026 1,100 Engagements / Year on year against the same period last year 12.1 Engagements / Average number of guests per wedding 9M FY2026 49 people / Year on year against the same period last year 4.3 people / Average Price per Wedding 9M FY2026 ¥4,065 thousand / Year on year against the same period last year ¥2.3 thousand / Hakone Kowakudani Yunessun Admissions 9M FY2026 414 thousand customers / Year on year against the same period last year Not disclosed |
| Number of stores and locations | As of 5 November 2026: 34 WHG lodging locations, 11 resort lodging locations, and 1 luxury and banquet lodging location. Openings and closures during the period: Not disclosed |
| Financial targets | Equity ratio End-September 2026 44.8 % |
| New initiatives | Construction and direct operation of Hotel Gracery Ise (tentative name), scheduled to open in autumn 2028, with 128 rooms planned, Franchise opening of Tachikawa Washington Hotel WEST WING (tentative name), scheduled to open in winter 2028, Franchise opening of SPA 葉港の湯 Washington Hotel Sasebo Station Front (tentative name), scheduled to open in spring 2028, Full-property renovation and renewal of Canal City-Fukuoka Washington Hotel, Guest room renovation at Hotel Gracery Shinjuku, Construction of a new banquet venue, “Foresta,” at Hotel Chinzanso Tokyo, Renovation of the chapel, preparation rooms and bridal room at Le Merci Motom Ujina |
Items this document does not state (17)
Gross Profit MarginOperating profit marginSelling, general and administrative expensesFull-year earnings forecastProgress against full-year forecastSelf-assessment against the planNumber of employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookMedium-term management plan targetsAnnual DividendPayout ratioAcquisition of treasury sharesCapital expendituresOrders 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.The increase in revenue was attributable to the provision of high-value-added products, the capture of inbound demand, particularly from Europe, the United States and Australia, pricing aligned with supply and demand trends, and increases in the number and average unit price of weddings. The decline in profit was due to rooms being taken out of service for renovations, higher one-time renovation costs and depreciation and amortization, and increased labor costs resulting from improvements in employee compensation.
How to read this page
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