Lower Property Business Revenue and Profit following the Decline in Real Estate Sales
First written in FY2017-Q2. 13 of 25 entries say "Mitigated", first in FY2018-Q1. Latest entry: FY2026.
The whole theme swung hardest in 2024: 1 of 6 companies on the "Worse" side.
0 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「The sale of real estate held for sale also generated a gain on sale of ¥1,042 million.」
While the risk of performance volatility due to whether real estate sales take place remains, the ¥1,042 million gain on sale of real estate held for sale contributed to the property business in the current period. - FY2025MitigatedAnnual report
「Occupancy rates and room rates at existing hotels in Japan and overseas increased as domestic travel, business-trip and inbound demand recovered. Revenue and profit also increased due in part to the full-year contribution from new domestic hotels.」
The property business, whose performance had deteriorated due to the reversal of overseas real estate sales and the impact of restrictions on the hotel business, improved as existing-hotel metrics improved and new domestic hotels contributed for the full year. - FY2024AdvancedAnnual report
「In the hotel business, occupancy rates and room rates at existing hotels in Japan and overseas increased as domestic travel, business-trip and inbound demand recovered following the end of the COVID-19 pandemic. Revenue and profit also increased due in part to the full-year contribution from new domestic hotels.」
The factors that had weighed on full-year property business performance, including the reversal of overseas real estate sales, were mitigated by the recovery in accommodation demand, improved existing-hotel metrics and the full-year contribution from new domestic hotels. - FY2024-Q3MitigatedAnnual report
「In the hotel business, demand for domestic travel, inbound tourism and business-trip accommodation recovered as restrictions on activities to prevent the spread of COVID-19 and restrictions on entry by foreign nationals were eased, resulting in substantial improvements in occupancy rates, room rates and other metrics, particularly at city hotels. The addition of newly operating domestic hotels also contributed, resulting in substantial increases in revenue and profit.」
The property business, whose performance had deteriorated due to the reversal of overseas real estate sales and other factors, improved as demand for hotel stays recovered, occupancy rates and room rates at existing hotels improved, and new domestic hotels began operating. - FY2024-Q2MitigatedAnnual report
「In the hotel business, demand for accommodation for travel and business trips recovered as restrictions on activities to prevent the spread of COVID-19 and restrictions on entry by foreign nationals were eased, and occupancy rates and room rates at existing hotels improved. The addition of newly operating domestic hotels also contributed, resulting in substantial increases in revenue and profit.」
The factors that had previously weighed on property business performance have been mitigated by the reduced impact of restrictions on the hotel business, the recovery in accommodation demand and the operation of new domestic hotels. - FY2024-Q1MitigatedAnnual report
「In the hotel business, the easing of restrictions on activities to prevent the spread of COVID-19 and restrictions on entry by foreign nationals led to a recovery in lodging demand for travel and business trips. Occupancy rates and room rates at existing hotels improved, resulting in substantial increases in revenue and profit. Consequently, revenue was ¥6,333 million, up 95.8% year on year, and segment profit was ¥209 million, compared with a segment loss of ¥219 million in the same period of the previous year.」
The property business, whose performance had deteriorated due to the reversal of overseas real estate sales and other factors, recovered from a loss in the same period of the previous year to a profit as demand for hotel stays recovered and occupancy rates and room rates at existing hotels improved. - FY2023-Q3WorsenedAnnual report
「Meanwhile, substantial overseas real estate sales took place in the same period of the previous year, resulting in a substantial negative impact on revenue and profit. As a result, revenue was ¥13,244 million, down 8.2% year on year, and segment profit was ¥783 million, down 38.4%.」
Although the hotel business itself recorded higher revenue and profit, the property business as a whole posted lower revenue and profit due to the reversal of the substantial overseas real estate sale recorded in the same period of the previous year. - FY2023-Q2WorsenedAnnual report
「Meanwhile, the sale of overseas real estate scheduled for the second quarter was postponed to the third quarter or later, while overseas real estate had been sold in the same period of the previous year, resulting in a substantial negative impact on revenue and profit. As a result, revenue was ¥8,374 million, down 22.3% year on year, and segment profit was ¥372 million, down 61.8%.」
The planned sale of overseas real estate was postponed to the third quarter or later, and the reversal of the sale recorded in the same period of the previous year also contributed to lower revenue and substantially lower profit in the property business. - FY2023-Q1WorsenedAnnual report
「In the hotel business, the impact of domestic travel restrictions imposed by government authorities and restrictions on entry by foreign nationals diminished compared with the same period of the previous year, and the hotel opened in the previous fiscal year began operating, resulting in a substantial increase in revenue. However, overseas real estate was sold in the same period of the previous year, creating a substantial negative impact on revenue and profit. As a result, revenue was ¥3,235 million, down 31.0% year on year, and segment loss was ¥219 million, compared with segment profit of ¥102 million in the same period of the previous year.」
The hotel business itself recorded higher revenue as the impact of restrictions diminished and the newly opened hotel began operating, but the property business as a whole declined in revenue and moved from a profit to a loss of ¥219 million due to the reversal of the overseas real estate sale recorded in the same period of the previous year. - FY2022-Q3MitigatedAnnual report
「In the hotel business, the negative impact of the COVID-19 pandemic subsided compared with the same period of the previous year. However, costs for newly opened hotels were incurred ahead of revenue, and in the third quarter, occupancy rates at existing hotels declined following the end of the Go To campaign, which had been conducted in the same period of the previous year. As a result, the hotel business posted a substantial increase in revenue but a decline in profit. Meanwhile, the sale of overseas real estate generated a substantial increase in revenue and profit. For the nine-month period ended 31 December, revenue was ¥14,426 million, up 166.7% year on year, and segment profit was ¥1,270 million, up 542.8%.」
Although factors weighing on hotel business profit remain, the property business as a whole posted substantial increases in revenue and profit due to the sale of overseas real estate, mitigating the deterioration in performance from the same period of the previous year. - FY2022-Q2MitigatedAnnual report
「Although domestic travel restrictions imposed by government agencies to prevent the spread of COVID-19 and restrictions on entry by foreign nationals continued to have an impact on the hotel business, the impact was smaller than in the same period of the previous year. In addition, sales of overseas real estate contributed to revenue of ¥10,775 million, up 246.4% year on year, and segment profit of ¥973 million, compared with a segment loss of ¥46 million in the same period of the previous year.」
Although the impact of travel and entry restrictions on hotels remains, the property business moved from a loss in the same period of the previous year to a profit as the impact diminished and overseas real estate was sold. - FY2022-Q1MitigatedAnnual report
「Although domestic travel restrictions imposed by government agencies to prevent the spread of COVID-19 and restrictions on entry by foreign nationals continued to have an impact on the hotel business, the impact was smaller than in the same period of the previous year. In addition, sales of overseas real estate contributed to revenue of ¥4,688 million, up 323.3% year on year, and segment profit of ¥102 million, compared with a segment loss of ¥297 million in the same period of the previous year.」
Although travel restrictions affecting hotels and entry restrictions remain in place, the deterioration in property business performance following the decline in real estate sales was mitigated in the current quarter by the sale of overseas real estate and other factors. - FY2021WorsenedAnnual report
「In the property business, hotel revenue and segment profit declined substantially, down 19.6% and 99.0% year on year, respectively, due to the impact of domestic travel restrictions imposed by government authorities to prevent the spread of COVID-19 and restrictions on entry by foreign nationals.」
The property business posted substantial declines in revenue and profit for the full year due to the impact on the hotel business. - FY2020-Q3WorsenedAnnual report
「Revenue was ¥6,725 million, up 3.6% year on year, due in part to the contribution from a hotel that opened in the previous fiscal year. However, as there were no sales of real estate held for sale, unlike in the previous fiscal year, segment profit was ¥434 million, down 18.1%.」
Hotel revenue contributed to higher revenue, but segment profit declined because there were no sales of real estate held for sale, unlike in the previous fiscal year. - FY2019-Q3MitigatedAnnual report
「Higher hotel business revenue contributed to revenue of ¥6,489 million, up 33.3% year on year.」
While revenue had declined through the previous quarter due to the absence of real estate sales, property business revenue increased year on year in the current quarter as a result of higher hotel business revenue. - FY2019-Q2RestatedAnnual report
「Although higher hotel business revenue contributed, the absence of real estate sales resulted in revenue of ¥3,235 million, down 8.1% year on year.」
The pattern of higher hotel business revenue offsetting a decline in property business revenue due to the absence of real estate sales is reported again. - FY2019-Q1ReframedAnnual report
「Higher hotel business revenue contributed to total revenue of ¥1,210 million, up 20.1% year on year. Segment profit, however, was ¥46 million, down 41.5%, due mainly to higher costs associated with preparing to open new hotels.」
Rather than the previous pattern of lower revenue and profit following real estate sales, higher hotel revenue contributed to revenue growth, while costs for opening new hotels weighed on profit. - FY2018AdvancedAnnual report
「The sale of real estate held for sale and higher hotel business revenue contributed to revenue of ¥7,582 million, up 108.7% year on year, and segment profit of ¥1,036 million, compared with ¥9 million in the same period of the previous year.」
The sale of real estate held for sale and higher hotel business revenue led to a substantial increase in property business revenue, while segment profit also rose from ¥9 million to ¥1,036 million. - FY2018-Q3RestatedAnnual report
「The sale of real estate held for sale and hotel business revenue contributed to revenue of ¥4,867 million, up 74.5% year on year, and segment profit of ¥699 million, up 355.8%.」
The sale of real estate held for sale and hotel business revenue continue to drive higher property business revenue and profit. - FY2018-Q2MitigatedAnnual report
「Sales of real estate for sale and hotel business revenue contributed to total revenue of ¥3,519 million, up 93.1% year on year, and segment profit of ¥513 million, compared with segment profit of ¥18 million in the same period of the previous year.」
From a situation of lower revenue and profit due to the absence of real estate sales in the previous period, the current period saw revenue and profit growth from the sale of real estate held for sale and hotel business revenue. - FY2018-Q1MitigatedAnnual report
「Hotel business revenue contributed to total revenue of ¥1,007 million, up 33.6% year on year, and segment profit of ¥78 million, up 62.0%.」
Against the backdrop of lower property business revenue and profit due to the absence of real estate sales in the current period, unlike in the same period of the previous year, the current period saw revenue and profit growth driven by the hotel business. - FY2017-Q3RestatedAnnual report
「As there were no real estate sales in the current period, unlike in the same period of the previous year, revenue was ¥2,789 million, down 25.6% year on year, and segment profit was ¥153 million, down 71.7%.」
The decline in property business revenue and profit due to the absence of real estate sales in the current period, which occurred in the same period of the previous year, continues to be reported. - FY2017-Q2First statedAnnual report
「Because the real estate sales recorded in the same period of the previous year did not recur in the current period, among other factors, revenue was ¥1,822 million, down 39.3% year on year, and segment profit was ¥18 million, down 96.6%.」
The absence of real estate sales recorded in the same period of the previous year led to a significant decline in property business revenue and segment profit.