Imperial Hotel

Hotels & hospitality · 9708

The Japan read

From the company's own filing for H1 (Apr–Sep 2026) · reported 2026-10-29 · the filing

JapanHotel-business revenue rose 8.9% to ¥27.5bn and segment profit 16.9% to ¥1.78bn; the filing says Imperial Hotel Kyoto, opened this year, drew many guests and got off to a good start, and points to strong inbound demand.
StoresThe Tower building reopened: rental revenue jumped 172% to ¥541m but repair costs left the segment at a ¥393m operating loss. New tenants are set for the basement restaurant arcade and floors 1–4, the former Imperial Hotel Plaza Tokyo.
Not disclosedThe filing gives no occupancy rate, room rate or tax-free sales figure; inbound demand is described only in words.

Other callouts in the filing

BasisEBITDA, which the company tracks as a target, rose 23.9% to ¥1.86bn, which shows how much of the profit drop is Kyoto start-up cost and depreciation rather than weaker trading.
OutlookFull-year guidance, set on 14 May, is unchanged: revenue ¥61.4bn (+9.1%), operating profit ¥2.4bn (+12.8%), net income ¥1.85bn (−56.9%). Interim results beat the company's own first-half plan.

floortok's reading of the filing, in our own words. Figures are the company's own; where a growth rate is our arithmetic, it says so.

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floortok holds 2 reported periods for this company.

Quarter-alone and year-to-date rows are floortok's arithmetic on the company's own filings — the quarter alone under a cumulative filing, the year to date under a quarter — shown only where the filings they need are on file. A period tagged Year-to-Date runs from the start of the company's fiscal year.

H1 (Apr–Sep 2026) · Year-to-Date

Reported 2026-10-29

Revenue¥28.0bn+10.2%

Operating profit¥0.1bn−59.5%

Net income¥0.2bn−59.3%

Q2 alone (Jul–Sep 2026)

Revenue¥13.2bn—

Operating profit−¥0.6bn—

Net income−¥0.1bn—

Imperial Hotel's April–September 2026 revenue rose 10.2% to ¥28.0bn with Imperial Hotel Kyoto, its first new hotel in 30 years, now open, but start-up costs and the Tokyo Tower building's reopening cut operating profit 59.5% to ¥129m and net income 59.3% to ¥215m. Full-year guidance is unchanged.

Q1 (Apr–Jun 2026) · Year-to-Date

Reported 2026-07-30

Revenue¥14.8bn+9.0%

Operating profit¥0.7bn−6.1%

Net income¥0.3bn−65.4%

The Imperial grew revenue 9.0% to ¥14.8bn in April–June 2026, but operating profit slipped 6.1% to ¥716mn and net income fell 65.4% to ¥286mn on a ¥449mn deferred-tax charge. Japan's most storied hotel has pushed back its Tokyo rebuild — Tower-wing demolition is now targeted for around the end of fiscal 2030, and the Tower's rooms, banquet halls and leasing have resumed meanwhile; the company guides to ¥61.4bn revenue (+9.1%) and ¥2.4bn operating profit (+12.8%) for the full year, with net income down 56.9%.

StoresThe Tokyo rebuild has slipped: Tower-wing demolition is now targeted for around the end of fiscal 2030, and until then the Tower's rooms, banquet halls and office and shop leasing stay open.
StoresThe company highlights Imperial Hotel Kyoto, its first new hotel in 30 years, which preserves part of Gion's Yasaka Kaikan; it is the brand's fourth hotel after Tokyo, Kamikochi and Osaka.
Not disclosedThe quarterly filing gives no occupancy, room-rate or overseas-guest figures, and the company prepared no supplementary presentation for the quarter.
One-offNet income fell mainly because of a ¥449mn deferred-tax charge (¥11mn a year earlier); pre-tax profit slipped only to ¥775mn from ¥844mn.
SegmentLeasing revenue rose 90.5% to ¥189mn as Tower offices and shops reopened, but repair costs to reopen them left the property segment with a ¥226mn loss; hotels earned ¥1,538mn, up 16.4%.
OutlookGuidance is unchanged; the first-half forecast of zero operating profit and ¥50mn net income on ¥28.5bn of sales implies an operating loss in July–September (floortok's arithmetic).