Hotel facility investments in Chuo Ward, Tokyo, and Naha, Okinawa Prefecture
First written in FY2016. 13 of 35 entries say "Advanced", first in FY2017-Q1. Latest entry: FY2026.
26 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「The hotel business operates 2 hotels in Tokyo and Okinawa. Occupancy rates and ADR increased due to the revitalization of domestic tourism and higher business travel demand, resulting in higher net sales and segment profit than in the previous fiscal year. As a result, net sales for the consolidated fiscal year were ¥977 million, up 11.2% year on year, and segment profit was ¥324 million, up 22.3% year on year.」
The 2 hotels in Tokyo and Okinawa benefited from domestic tourism and business travel demand, resulting in higher occupancy rates and ADR. Full-year net sales were ¥977 million and segment profit was ¥324 million, representing higher revenue and profit year on year. - FY2026-H1AdvancedAnnual report
「The hotel business operates 2 hotels in Tokyo and Okinawa. Strong performance driven by increased travel as society adapts to the post-COVID environment continues, and the performance of the 2 hotels improved substantially year on year. Even including the operation of Belken Hotel Tokyo under contract through the end of May of the previous year, before its sale, net sales and segment profit increased from the same period of the previous year. As a result, net sales for the interim consolidated accounting period were ¥463 million, up 5.9% year on year, and segment profit was ¥152 million, up 38.7% year on year.」
While continuing to operate 2 hotels after the sale of Belken Hotel Tokyo, the company achieved higher net sales and segment profit year on year against the backdrop of increased travel in the post-COVID environment. - FY2025Operating 2 hotels with higher profit, but lower revenue and profit overall due to the saleAnnual report
「Strong performance driven by increased travel as society adapts to the post-COVID environment continues, and the performance of the 2 hotels improved substantially from the previous fiscal year. However, the sale of Belken Hotel Tokyo at the end of the previous consolidated fiscal year reduced the number of operated hotels by 1, resulting in lower net sales and segment profit than in the previous fiscal year.」
The performance of each hotel improved substantially year on year with 2 hotels in operation after the sale of Belken Hotel Tokyo, but the hotel business as a whole recorded lower revenue and profit due to the reduction in the number of operated hotels. - FY2025-H1Operating 2 hotels after the sale, with lower revenue and profitAnnual report
「The hotel business operates 2 hotels in Tokyo and Okinawa. Strong performance driven by increased travel as society adapts to the post-COVID environment continues, but the sale of Belken Hotel Tokyo at the end of the previous consolidated fiscal year reduced the number of operated hotels by 1, resulting in lower net sales and segment profit than in the same period of the previous year. As a result, net sales for the interim consolidated accounting period were ¥437 million, down 10.7% year on year, and segment profit was ¥109 million, down 10.1% year on year.」
Following the sale of Belken Hotel Tokyo, the company now operates 2 hotels in Tokyo and Okinawa. Strong performance driven by the post-COVID recovery continues, but the reduction in the number of operated hotels resulted in lower revenue and profit year on year. - FY2024Reduction in hotel holdings following the sale of 1 hotelAnnual report
「On 29 March, the company sold Belken Hotel Tokyo, one of the 3 hotels it operated, to improve asset efficiency and further strengthen its financial position.」
Belken Hotel Tokyo was sold on 29 March 2024, reducing the number of operated hotels from 3 and improving asset efficiency and the financial position. - FY2024-Q3AdvancedAnnual report
「The hotel business operates a total of 3 hotels in Tokyo and Okinawa. The hotel business, which had been significantly affected by the COVID-19 pandemic, has recovered rapidly since the end of the previous consolidated fiscal year as the spread of the post-COVID environment revitalized people's travel. Net sales and segment profit increased substantially from the same period of the previous year. As a result, net sales for the first 9 months of the current consolidated fiscal year were ¥748 million, up 156.5% year on year, and segment profit was ¥194 million, compared with a segment loss of ¥109 million in the same period of the previous year.」
The 3 hotels in Tokyo and Okinawa made further progress in their recovery, swinging from a loss in the same period of the previous year to segment profit of ¥194 million. - FY2024-Q2AdvancedAnnual report
「The hotel business operates a total of 3 hotels in Tokyo and Okinawa. The hotel business, which had been significantly affected by the COVID-19 pandemic, has recovered rapidly since the end of the previous consolidated fiscal year as the spread of the post-COVID environment revitalized people's travel. Net sales and segment profit increased substantially from the same period of the previous year. As a result, net sales for the first six months of the current consolidated fiscal year were ¥489 million, up 187.3% year on year, and segment profit was ¥121 million, compared with a segment loss of ¥93 million in the same period of the previous year.」
The 3 hotels in Tokyo and Okinawa recovered rapidly as people's travel activity picked up, swinging from a loss in the same period of the previous year to segment profit of ¥121 million. - FY2023AdvancedAnnual report
「As a result, net sales for the consolidated fiscal year were ¥491 million, up 149.7% year on year, and the segment loss was ¥75 million, compared with a segment loss of ¥273 million in the previous fiscal year.」
The 3 hotels in Tokyo and Okinawa achieved a substantial increase in net sales against the backdrop of wider use of the National Travel Discount and similar programs, while the loss narrowed from ¥273 million to ¥75 million. However, the business had not yet returned to profitability. - FY2023-Q3AdvancedAnnual report
「The hotel business operates a total of 3 hotels in Tokyo and Okinawa. The hotel business, which had been significantly affected by the COVID-19 pandemic, had been recovering gradually as society adapted to living with COVID-19, but recovery accelerated rapidly from mid-December as the use of the National Travel Discount and similar programs gained traction. The recovery in performance resulted in higher net sales than in the same period of the previous year and contained the segment loss, but the benefit had lasted only a short time at that stage, so the business had not yet returned to profitability. As a result, net sales for the first 9 months of the current consolidated fiscal year were ¥291 million, up 107.0% year on year, and the segment loss was ¥109 million, compared with a segment loss of ¥207 million in the same period of the previous year.」
The hotel business recovered rapidly as the use of the National Travel Discount and similar programs gained traction, with net sales up 107.0% and the segment loss narrowing from ¥207 million to ¥109 million. However, the business had not yet returned to profitability. - FY2023-Q2AdvancedAnnual report
「Although the seventh wave of COVID-19 infections is subsiding, the recovery in the number of hotel guests is taking time. Through continued steady efforts to thoroughly implement infection-control measures and provide a safe and hygienic lodging environment, net sales increased from the same period of the previous year and the segment loss was contained. As a result, net sales for the first six months of the current consolidated fiscal year were ¥170 million, up 106.3% year on year, and the segment loss was ¥93 million, compared with a segment loss of ¥146 million in the same period of the previous year.」
For the 3 hotels in Tokyo and Okinawa, the company continued infection-control measures and provided a safe and hygienic lodging environment, resulting in a 106.3% year-on-year increase in net sales and a reduction in the loss from ¥146 million to ¥93 million. - FY2023-Q1MitigatedAnnual report
「The hotel business operates a total of 3 hotels in Tokyo and Okinawa. Conditions remain difficult amid successive waves of COVID-19 infections. The company is working to reduce expenses while thoroughly implementing infection-control measures and waiting for a recovery. These steady efforts resulted in higher net sales than in the same period of the previous year and contained the segment loss. As a result, net sales for the first quarter of the current consolidated fiscal year were ¥76 million, up 93.4% year on year, and the segment loss was ¥51 million, compared with a segment loss of ¥74 million in the same period of the previous year.」
While continuing infection-control measures and expense reductions, the hotel business achieved higher revenue year on year, and the segment loss narrowed from ¥74 million to ¥51 million. - FY2022MitigatedAnnual report
「The hotel business operates a total of 3 hotels in Tokyo and Okinawa. Conditions remain difficult amid repeated declarations of a state of emergency and the implementation of priority preventive measures. The company is working to reduce expenses while thoroughly implementing infection-control measures and waiting for a recovery. These steady efforts resulted in higher net sales than in the previous fiscal year and contained the segment loss. As a result, net sales for the consolidated fiscal year were ¥196 million, up 8.8% year on year, and the segment loss was ¥273 million, compared with a segment loss of ¥306 million in the previous fiscal year.」
Infection-control measures and expense reductions resulted in higher revenue in the hotel business, while the segment loss narrowed from ¥306 million to ¥273 million. - FY2022-Q3MitigatedAnnual report
「The hotel business operates a total of 3 hotels in Tokyo and Okinawa. Conditions remain difficult amid repeated declarations of a state of emergency and the implementation of priority preventive measures. The company is working to reduce expenses while thoroughly implementing infection-control measures and waiting for a recovery. These steady efforts resulted in higher net sales than in the same period of the previous year and contained the segment loss. As a result, net sales for the first 9 months of the current consolidated fiscal year were ¥140 million, up 7.3% year on year, and the segment loss was ¥207 million, compared with a segment loss of ¥234 million in the same period of the previous year.」
Although difficult conditions continue, infection-control measures and expense reductions resulted in higher revenue year on year in the hotel business, while the segment loss narrowed from ¥234 million to ¥207 million. - FY2022-Q2MitigatedAnnual report
「The hotel business operates a total of 3 hotels in Tokyo and Okinawa. Conditions remain difficult amid repeated declarations of a state of emergency and the implementation of priority preventive measures. The company is working to reduce expenses while thoroughly implementing infection-control measures and waiting for a recovery. These steady efforts resulted in higher net sales than in the same period of the previous year and contained the segment loss. As a result, net sales for the first six months of the current consolidated fiscal year were ¥82 million, up 20.2% year on year, and the segment loss was ¥146 million, compared with a segment loss of ¥171 million in the same period of the previous year.」
Although difficult conditions continue, infection-control measures and expense reductions resulted in higher revenue year on year in the hotel business, while the segment loss narrowed from ¥171 million to ¥146 million. - FY2021WorsenedAnnual report
「The hotel business operates a total of 3 hotels in Tokyo and Okinawa. All hotels were significantly affected by the COVID-19 pandemic, and net sales fell substantially from the previous fiscal year due to the decline in users, resulting in a segment loss. As a result, net sales for the consolidated fiscal year were ¥180 million, down 79.6% year on year, and the segment loss was ¥306 million, compared with segment profit of ¥130 million in the previous fiscal year.」
Due to the decline in users at the 3 hotels, net sales fell 79.6%, and the business deteriorated from profit of ¥130 million in the previous fiscal year to a loss of ¥306 million. - FY2021-Q3WorsenedAnnual report
「The hotel business operates a total of 3 hotels in Tokyo and Okinawa. All hotels were significantly affected by the spread of COVID-19, resulting in a substantial decline in the number of guests. Net sales decreased from the same period of the previous year, and the business recorded a segment loss. As a result, net sales for the first 9 months of the current consolidated fiscal year were ¥131 million, down 82.1% year on year, and the segment loss was ¥234 million, compared with segment profit of ¥152 million in the same period of the previous year.」
The number of guests at the 3 hotels in Tokyo and Okinawa fell substantially, resulting in a swing from segment profit in the same period of the previous year to a segment loss of ¥234 million. - FY2021-Q2WorsenedAnnual report
「The hotel business operates a total of 3 hotels in Tokyo and Okinawa. All hotels were significantly affected by the spread of COVID-19, resulting in a substantial decline in the number of guests. Occupancy rates have gradually risen since the state of emergency was lifted, but net sales decreased from the same period of the previous year and the business recorded a segment loss. As a result, net sales for the first six months of the current consolidated fiscal year were ¥68 million, down 86.2% year on year, and the segment loss was ¥171 million, compared with segment profit of ¥103 million in the same period of the previous year.」
Although occupancy rates gradually rose after the state of emergency was lifted, the hotel business's loss widened from ¥101 million to ¥171 million due to the substantial decline in guest numbers. - FY2021-Q1The hotel business became loss-making due to the infectious diseaseAnnual report
「The hotel business operates a total of 3 hotels in Tokyo and Okinawa. All hotels were significantly affected by the spread of COVID-19, resulting in a substantial decline in the number of guests. Net sales decreased from the same period of the previous year, and the business recorded a segment loss. As a result, net sales for the first quarter of the current consolidated fiscal year were ¥18 million, down 92.3% year on year, and the segment loss was ¥101 million, compared with segment profit of ¥47 million in the same period of the previous year.」
The 3 hotels in Tokyo and Okinawa swung from segment profit in the same period of the previous year to a segment loss of ¥101 million due to the substantial decline in guest numbers, while net sales fell 92.3%. - FY2020Lower revenue and profit in the hotel business due to the infectious diseaseAnnual report
「The hotel business operates a total of 3 hotels in Tokyo and Okinawa. Due to the sharp decline in lodging demand caused by the spread of COVID-19, net sales and segment profit decreased compared with the previous fiscal year. As a result, net sales for the consolidated fiscal year were ¥884 million, down 4.2% year on year, and segment profit was ¥130 million, down 33.2% year on year.」
The company continued operating the 3 hotels in Tokyo and Okinawa, but lower lodging demand resulted in lower revenue and profit for the full fiscal year. - FY2020-Q3RestatedAnnual report
「The hotel business operates a total of 3 hotels in Tokyo and Okinawa. The 1 hotel newly built and opened in the previous consolidated fiscal year also performed steadily, and all hotels maintained strong performance, resulting in higher net sales and segment profit than in the same period of the previous year.」
The 3 hotels in Tokyo and Okinawa, including the hotel opened in the previous consolidated fiscal year, maintained strong performance, resulting in higher revenue and profit in the hotel business. - FY2020-Q2RestatedAnnual report
「The hotel business operates a total of 3 hotels in Tokyo and Okinawa. The 1 hotel newly built and opened in the previous consolidated fiscal year also performed steadily, and all hotels maintained strong performance, resulting in higher net sales and segment profit than in the same period of the previous year.」
The 3 hotels in Tokyo and Okinawa, including the hotel opened in the previous consolidated fiscal year, maintained strong performance, resulting in higher revenue and profit in the hotel business. - FY2020-Q1RestatedAnnual report
「The hotel business operates a total of 3 hotels in Tokyo and Okinawa. The 1 hotel newly built and opened in the previous consolidated fiscal year also performed steadily, and all hotels maintained strong performance, resulting in higher net sales and segment profit than in the same period of the previous year.」
The 3 hotels in Tokyo and Okinawa, including the hotel opened in the previous consolidated fiscal year, maintained strong performance, resulting in higher revenue and profit in the hotel business. - FY2019-Q3RestatedAnnual report
「The hotel business operates a total of 3 hotels in Tokyo and Okinawa. From the current consolidated fiscal year, the hotel business was separated from the Other business as a distinct segment in line with its expansion. The 2 hotels newly built or expanded and opened in the previous consolidated fiscal year, and the 1 hotel newly built and opened in the first quarter of the current consolidated fiscal year, performed steadily, resulting in higher net sales and segment profit than in the same period of the previous year.」
The company has continued to explain that the 3 hotels in Tokyo and Okinawa are performing steadily, resulting in higher revenue and profit. - FY2019-Q2RestatedAnnual report
「The hotel business operates a total of 3 hotels in Tokyo and Okinawa. The 2 hotels newly built or expanded and opened in the previous consolidated fiscal year, and the 1 hotel newly built and opened in the first quarter of the current consolidated fiscal year, performed steadily, resulting in higher net sales and segment profit than in the same period of the previous year.」
The company has continued to explain that the 2 existing hotels in Tokyo and Okinawa and the 1 hotel opened in the first quarter are performing steadily. - FY2019-Q1AdvancedAnnual report
「The 2 hotels newly built or expanded and opened in the previous consolidated fiscal year, and the 1 hotel newly built and opened in the first quarter of the current consolidated fiscal year, performed steadily, resulting in higher net sales and segment profit than in the same period of the previous year.」
In addition to the existing 2 hotels, the 1 hotel newly built and opened during the quarter also performed steadily, resulting in higher net sales and segment profit in the hotel business. - FY2018AchievedAnnual report
「During the consolidated fiscal year, both hotel businesses, Belken Hotel Tokyo, which opened as a newly built property on 24 June, and Naha West Inn, which reopened after expansion on 4 September, performed steadily.」
The planned construction of Belken Hotel Tokyo and expansion of Naha West Inn were both completed and the hotels opened, completing the investment and launch of both facilities. - FY2018-Q3RestatedAnnual report
「During the nine-month period ended 31 December, the two hotel businesses, Berken Hotel Tokyo, newly opened on 24 June, and Naha West Inn, reopened after expansion on 4 September, were affected by start-up costs and other factors, but both businesses continued to perform well」
It reaffirms that both Berken Hotel Tokyo and Naha West Inn continued to perform well despite the impact of start-up costs. - FY2018-Q2AdvancedAnnual report
「During the six-month period ended 30 September, revenue increased year on year due to the sale of real estate and the two hotel businesses, Berken Hotel Tokyo, newly opened on 24 June, and Naha West Inn, reopened after expansion on 4 September.」
The expansion of Naha West Inn, scheduled for the previous quarter, opened on 4 September, marking progress in the operation of the hotel businesses together with Berken Hotel Tokyo. - FY2018-Q1AdvancedAnnual report
「Due to the impact of start-up costs and other factors for the two hotel businesses, Berken Hotel Tokyo, newly opened on 24 June, and Naha West Inn, scheduled to open after expansion in September」
Berken Hotel Tokyo newly opened on 24 June, while Naha West Inn is scheduled to reopen after expansion in September. - FY2017-Q3RestatedAnnual report
「The solar power generation business, hotel operations business and air-conditioning maintenance services provided by the Singapore subsidiary, which started or entered full operation in the previous consolidated fiscal year, also continued to perform well.」
Businesses that started or entered full operation in the previous fiscal year, including hotel operations, continue to perform well. - FY2017-Q2RestatedAnnual report
「The solar power generation business, hotel operations business, air-conditioning maintenance services provided by the Singapore subsidiary, and new franchise stores that started or entered full operation in the previous consolidated fiscal year also continued to perform well.」
It states that businesses launched or brought into full operation in the previous fiscal year, including hotel operations, continue to perform well. - FY2017-Q1AdvancedAnnual report
「In Other businesses, the solar power generation businesses in Itako, Ibaraki Prefecture, and Oda District, Okayama Prefecture, the hotel operations business in Naha, Okinawa Prefecture, and the childcare business in Toyonaka, Osaka Prefecture, respectively performed well and contributed to revenue and segment profit.」
The hotel operations business in Naha, Okinawa Prefecture, associated with the hotel investment plan, commenced operations, performed well and contributed to revenue and segment profit. - FY2016First statedAnnual report
「Company | Chuo Ward, Tokyo | Other businesses | Hotel facilities | 2,521 | 487 | Internal funds and borrowings | March 2016 | July 2017」
It disclosed plans to invest ¥2.521 billion in total in a hotel facility in Chuo Ward, Tokyo, and ¥930 million in total in a hotel facility in Naha, Okinawa Prefecture.