Investment in High-Yield Properties in Japan and Overseas and Expansion of the Hotel Business
First written in FY2018. 18 of 24 entries say "Advanced", first in FY2019. Latest entry: 2026-10-15.
17 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「Total capital expenditures during the fiscal year under review, including leases, were ¥35,871 million. The main component was ¥34,200 million of investment in the development and acquisition of domestic hotels in the Property business.」
The company invested ¥34,200 million in the development and acquisition of domestic hotel-related assets, while total capital investment increased substantially from ¥15,228 million in the previous fiscal year to ¥35,871 million. - FY2026-H1AdvancedAnnual report
「The Otaru Grangebelle Hotel, which opened in July 2025, also performed steadily. As a result, revenue was ¥21,206 million, up 27.4% year on year, and segment profit was ¥3,495 million, up 25.1%.」
Regarding the expansion of the hotel business, the Otaru Grangebelle Hotel opened in July 2025 and contributed to higher revenue and profit in the property business. - FY2025AdvancedAnnual report
「Total capital investment during the consolidated fiscal year was ¥15,228 million, including leases. The main investment was ¥12,740 million for the development and acquisition of domestic hotel-related assets in the property business.」
The company invested ¥12,740 million in the development and acquisition of domestic hotel-related assets, making concrete progress in expanding the hotel business. - FY2024AdvancedAnnual report
「Total capital investment during the consolidated fiscal year was ¥16,932 million, including leases. Major investments included ¥9,264 million for the development and acquisition of domestic hotel-related assets in the property business and ¥3,205 million for the expansion of the Yoshimi Logistics Center in the apparel and general merchandise business.」
The company continued to expand its hotel operations and property business, investing ¥9,264 million in domestic hotel-related projects and ¥3,205 million in the expansion of its logistics center. - FY2021AdvancedAnnual report
「Total capital investment during the consolidated fiscal year was ¥8,750 million, including leases. Major investments included ¥6,964 million for real estate development and acquisitions and hotel development in the property business, ¥283 million in systems investment in the mail-order business, and ¥264 million for store openings and related activities in the retail store business.」
The company invested ¥6,964 million in real estate development and hotel development in the property business, as well as making systems investments and investments related to store openings. - FY2020-Q3RestatedAnnual report
「Revenue from a hotel opened in the previous fiscal year and other factors resulted in total revenue of ¥6,725 million, up 3.6% year on year.」
Continued sales contributions from hotels opened in the previous fiscal year show that progress in the hotel expansion initiative is being reflected in business performance. - FY2020-Q2RestatedAnnual report
「In addition to revenue contributed by a hotel opened in the previous fiscal year, the absence of costs for opening new hotels during the current period and other factors resulted in total revenue of ¥4,452 million, up 37.6% year on year, and segment profit of ¥300 million, up 64.2%.」
Regarding the expansion of the hotel business, the company indicates that hotels opened in the previous fiscal year continue to contribute to sales and that no costs related to opening new hotels were incurred during the quarter. - FY2019AdvancedAnnual report
「Seven hotels had opened by the fiscal year ending March 2019. Although profit declined due to opening costs and other factors, the business is expected to become profitable in the fiscal year ending March 2020. In addition, 5 hotels, comprising 4 in Japan and 1 overseas, are scheduled to open over the next 3 years. As all of these hotels are located in areas where market supply and demand are tight, they are expected to become profitable quickly.」
The hotel business outlook has been made specific, including 7 completed openings, an expectation of profitability in the fiscal year ending March 2020, plans to open 5 additional hotels over the next 3 years, and an expectation of early profitability. - FY2019-Q2RestatedAnnual report
「Segment profit was ¥183 million, down 64.4% year on year, due mainly to higher costs associated with opening new hotels.」
Preparations for opening new hotels are continuing, and opening-related costs are weighing on profit in the property business. - FY2019-Q1RestatedAnnual report
「Segment profit was ¥46 million, down 41.5% year on year, due mainly to higher costs associated with opening new hotels.」
While indicating that preparations for opening new hotels are continuing, the company notes that opening-related costs are weighing on profit for the quarter. - FY2018First statedAnnual report
「In the Property Business, we will invest in high-yield properties in Japan and overseas to diversify risk while securing profitability. We will also expand the hotel business.」
Investment in high-yield domestic and overseas properties for risk diversification and profitability, together with expansion of the hotel business, is identified as a specific business challenge.