Increasing revenue through guest-room renovations and capital investment
First written in FY2017-Q1. 12 of 28 entries say "Advanced", first in FY2016. Latest entry: FY2027-H1.
The whole theme swung hardest in 2021: 3 of 9 companies on the "Worse" side.
12 other companies' latest entry also says "Advanced".
- FY2027-H1AdvancedAnnual report
「This was mainly due to expenditure of ¥1,978 million for the acquisition of marketable securities, specifically Japanese government bonds, among other items.」
While the large-scale guest-room renovation plan was postponed, the company made investment expenditures during the interim accounting period, including ¥1,978 million for the acquisition of Japanese government bonds. - FY2026SoftenedAnnual report
「Project: All guest rooms at Hotel Okura Kyoto Period: Undecided Investment: Approximately ¥4 billion The guest-room renovation plan at Hotel Okura Kyoto was postponed for the time being because procurement conditions for materials had become extremely unstable due in part to the recent situation in the Middle East.」
The guest-room renovation plan of approximately ¥4 billion from 2026 to 2029 announced in the previous fiscal year has been postponed indefinitely due to conditions affecting materials procurement. Meanwhile, the company updated operating facilities, including central monitoring equipment costing ¥57 million and business PCs and printers costing ¥64 million. - 2026-06-05SoftenedGeneral Meetings of Shareholders
「ホテルオークラ京都の客室改装につき、昨今の中東情勢の影響等により資材の調達環境が極めて不安定な状況となっていることから、当該計画は当面の間、延期することに決定いたしました。今後においては、資材の調達環境の動向を踏まえて、改めて計画の再開時期について検討してまいります。」
客室全般の改装計画について、投資の延期と再開時期未定が明示され、従来の計画から実施時期が後退している。 - FY2026-H1AdvancedAnnual report
「At Hotel Okura Kyoto, operating schedules were adjusted in connection with partial renovations to the banquet facilities. Although the number of events remained at the previous year's level, revenue increased significantly as orders for large banquets, including international conferences, academic conferences and celebration events, increased.」
As part of the shift from restraining capital investment to a large-scale renovation plan covering all guest rooms, the company reported that partial renovations to the banquet facilities had been carried out. - FY2025RaisedAnnual report
「Project: All guest rooms at Hotel Okura Kyoto Period: 2026 to 2029 Investment: Approximately ¥4 billion」
The company has announced a renovation plan to invest approximately ¥4 billion from 2026 to 2029 in all guest rooms at Hotel Okura Kyoto, shifting from its previous restraint on capital investment. - FY2025-H1AdvancedAnnual report
「Cash used in investing activities was ¥50 million, compared with ¥87 million used in the same period of the previous year. This was mainly due to ¥51 million in expenditure for the acquisition of property, plant and equipment, among other items.」
Under its policy of implementing capital investments on a planned basis, the company reported expenditure of ¥51 million for the acquisition of property, plant and equipment during the interim accounting period. - FY2024-Q2AdvancedAnnual report
「Cash used in investing activities was ¥87 million, compared with ¥47 million used in the same period of the previous year. This was mainly due to ¥87 million in expenditure for the acquisition of property, plant and equipment, among other items.」
As the company shifted from restraining capital investment to a planned investment policy assuming a certain recovery in performance, it reported ¥87 million in expenditure for the acquisition of property, plant and equipment. - FY2024-Q1RaisedAnnual report
「As we expect a certain recovery in performance, we decided to consider and implement capital investments, including essential maintenance work, on a planned basis during the current fiscal year.」
The company has shifted from its previous policy of restraining capital investment plans to a policy of systematically considering and implementing capital investments, including essential maintenance work, during the current fiscal year, assuming a certain recovery in performance. - FY2023AdvancedAnnual report
「During the current fiscal year, we carried out improvements mainly to facilities used in operations. Capital investments included ¥23 million for remote renewal of the automatic air-conditioning control system at Hotel Okura Kyoto, among others.」
The company reported an actual investment of ¥23 million in remote renewal of the automatic air-conditioning control system at Hotel Okura Kyoto under its policy of keeping capital investment plans to a minimum. - FY2023-Q3RestatedAnnual report
「As the business environment is expected to remain challenging, we decided not to make capital investment plans for the current fiscal year, except for essential maintenance work, while considering new capital investments depending on the recovery in sales and other factors.」
The policy of not planning capital investments, except for essential maintenance work, while considering new investments depending on the recovery in sales and other factors, remains in place. - FY2023-Q2RestatedAnnual report
「As the business environment is expected to remain challenging, we decided not to make capital investment plans for the current fiscal year, except for essential maintenance work, while considering new capital investments depending on the recovery in sales and other factors.」
The policy of not planning capital investments, except for essential maintenance work, while considering new investments depending on the recovery in sales and other factors, remains in place. - FY2023-Q1SoftenedAnnual report
「As the business environment is expected to remain challenging, we decided not to plan capital investments for the current fiscal year, except for essential maintenance work, while considering new capital investments depending on the recovery in sales and other factors.」
While maintaining the policy of not planning capital investments except for essential maintenance work, the company is taking a conditional approach by considering new capital investments depending on the recovery in sales and other factors. - FY2022RestatedAnnual report
「During the current fiscal year, we carried out improvements mainly to facilities used in operations. Capital investments included ¥12 million for improvements to the water-cooled packaged air-conditioning system at Karasuma Kyoto Hotel, among others.」
Although there are no large-scale capital investment plans, we updated necessary operating facilities during the current fiscal year, including improvements to the water-cooled packaged air-conditioning system. - FY2022-Q2RestatedAnnual report
「In addition, as the business environment is expected to remain challenging due to the continued spread of COVID-19, we decided to freeze capital investment plans for the current fiscal year, except for essential maintenance work.」
The policy of freezing capital investment plans, except for essential maintenance work, remains in place. - FY2022-Q1RestatedAnnual report
「As the business environment is expected to remain challenging due to the continued spread of COVID-19, we decided to freeze capital investment plans for the current fiscal year, except for essential maintenance work.」
The freeze on capital investment plans, except for essential maintenance work, remains in place for the current fiscal year. - FY2021SoftenedAnnual report
「During the fiscal year, the Company focused on renovating operating facilities. Major investments included ¥13 million for renovation work on the water-cooled packaged air-conditioning system at Karasuma Kyoto Hotel.」
The disclosure states that capital investment was limited to projects such as renovations to the water-cooled packaged air-conditioning system, and that there were no material capital investment plans as of the end of the fiscal year. - FY2021-Q2AdvancedAnnual report
「The funds used in investing activities amounted to ¥179 million, an increase of ¥27 million in spending from the same period of the previous year. This was mainly due to ¥178 million in expenditure for the acquisition of property, plant and equipment, among other items.」
While the disclosure states that the policy of temporarily freezing the capital investment plan remains in place, it also reports that ¥178 million was spent on the acquisition of property, plant and equipment during the six-month period ended in the second quarter. - FY2021-Q1RestatedAnnual report
「As difficult operating conditions were expected to continue due to the impact of the novel coronavirus, the Company decided during the fiscal year to temporarily freeze its capital investment plan, except for essential maintenance work.」
The disclosure continues to state that the capital investment plan is temporarily frozen, except for essential maintenance work. - FY2020SoftenedAnnual report
「The Company launched its second medium-term management plan in April 2019 and planned to make large-scale capital investments to strengthen facility competitiveness. However, as difficult operating conditions were expected to continue due to the impact of the novel coronavirus, the second medium-term management plan was reviewed and the capital investment plan was temporarily frozen, except for essential maintenance work.」
The policy was changed to temporarily freeze the large-scale capital investment plan aimed at strengthening facility competitiveness, except for essential maintenance work. During the fiscal year, the Company carried out projects including ¥91 million in renovations to mechanical parking facilities and ¥55 million for replacement of personal computers. - FY2020-Q2AdvancedAnnual report
「The funds used in investing activities amounted to ¥151 million, a decrease of ¥85 million in spending from the same period of the previous year. This was mainly due to ¥149 million in expenditure for the acquisition of property, plant and equipment, among other items.」
The disclosure reports ¥149 million spent on the acquisition of property, plant and equipment during the six-month period ended in the second quarter as capital investment. - FY2019AdvancedAnnual report
「During the fiscal year, the Company focused on renovating operating facilities. Major investments included ¥114 million for renovation work on banquet halls at Kyoto Hotel Okura and ¥86 million for renovation work on boilers and other equipment at Karasuma Kyoto Hotel.」
The disclosure reports continued renovation of operating facilities, including ¥114 million for banquet hall renovations and ¥86 million for renovations to boilers and other equipment. The explanation of operating results also cites the complete renovation of the Sky Banquet Apollo, conversion of some guest-room floors to fully non-smoking floors, improvements to private restaurant rooms, and the renovation of large guest rooms. - FY2018-Q3RestatedAnnual report
「Under these conditions, the Company steadily implemented various measures under its three-year medium-term management plan, which began in fiscal 2016, including renovation work such as the complete renovation of the main banquet hall Gyoun at Kyoto Hotel Okura and the renovation of 84 guest rooms at Karasuma Kyoto Hotel.」
The Company continues to implement existing capital investment measures, including the complete renovation of the main banquet hall Gyoun and the renovation of 84 guest rooms. As no new completed projects were specified, this was classified as REAFFIRMED. - FY2018-Q2AdvancedAnnual report
「Under these conditions, the Company steadily implemented various measures under its three-year medium-term management plan, which began in fiscal 2016, including the renovation of 84 guest rooms at Karasuma Kyoto Hotel, barrier-free renovation work at the Japanese restaurant Irifune at Kyoto Hotel Okura, and the complete renovation of the main banquet hall Gyoun.」
The disclosure adds specific facility renewal projects carried out under the medium-term management plan, including the renovation of 84 guest rooms, barrier-free work at the Japanese restaurant Irifune, and the complete renovation of the main banquet hall Gyoun. - FY2018-Q1AdvancedAnnual report
「Under these conditions, the Company steadily implemented various measures under its three-year medium-term management plan, which began in fiscal 2016, including the renovation of 84 guest rooms at Karasuma Kyoto Hotel, barrier-free renovation work at the Japanese restaurant Irifune at Kyoto Hotel Okura, and other facility renewal projects.」
The disclosure adds specific facility renewal projects, including the renovation of 84 guest rooms and barrier-free renovation work at the Japanese restaurant Irifune at Kyoto Hotel Okura. - FY2017-Q4AdvancedAnnual report
「Under these conditions, the Company steadily implemented various measures under its three-year medium-term management plan, which began in fiscal 2016, including the renovation of 84 guest rooms at Karasuma Kyoto Hotel.」
The disclosure states that 84 guest rooms at Karasuma Kyoto Hotel were renovated and that measures under the three-year medium-term management plan were implemented. - FY2016AdvancedAnnual report
「During the fiscal year, the Company focused on renovating facilities at Kyoto Hotel Okura and Karasuma Kyoto Hotel. Major investments included ¥180 million for renovation work on guest rooms and other areas at Karasuma Kyoto Hotel, and ¥153 million for a company-wide hotel system update.」
The disclosure reports specific investments of ¥180 million in renovations to guest rooms and other areas and ¥153 million in a company-wide hotel system update. - FY2017-Q2ReframedAnnual report
「Under these conditions, the Company proceeded with capital investment, including renovations focused on guest rooms, to maintain and enhance asset value and strengthen competitiveness.」
While continuing renovations and capital investment focused on guest rooms, the disclosure positions these measures as being aimed at maintaining and enhancing asset value and strengthening competitiveness, rather than as measures to increase revenue as previously described. - FY2017-Q1First statedAnnual report
「Under these conditions, the Company proceeded with capital investment, including renovations focused on guest rooms. At Kyoto Hotel Okura, the in-room television system was updated. At Karasuma Kyoto Hotel, 75 rooms on the 10th through 12th floors were renovated. These measures to increase revenue also helped the accommodation segment maintain strong performance.」
The disclosure identifies the update of the in-room television system and the renovation of 75 rooms as specific measures.