Fujita Kanko

The Japan read

From the company's own filing for H1 2026 (Jan–Jun) · reported 2026-08-06 · the filing ↗

• InboundOverseas guests made up 60.7% of guests at its Japanese hotels, up 2.9 points, though their number fell 1.8% to 1.225mn; total guests fell 6.5% to 2.018mn.
• InboundChinese guests fell by 126k and China's share of overseas guests dropped to 12.3% from 22.3%; more Americans, Germans, Australians and Canadians lifted Western visitors to about 40% and pushed up room rates.
• JapanAt the Washington and Gracery hotels, room rates rose about 9% to ¥18,709 while occupancy fell to 82% from 87%, with roughly 100,000 room-nights closed for refurbishment; excluding those, occupancy was 89%.
• StoresCanal City Fukuoka Washington Hotel closed in April for a full renovation, Tokyo Bay Ariake Washington Hotel was refitted, Hotel Chinzanso Tokyo is adding a banquet hall and Hakone Hotel Kowakien adds rooms in 2027.

Other callouts in the filing

• OutlookGuidance was raised across the board on stronger first-half room rates from Western visitors: operating profit to ¥13.2bn from ¥12.0bn and revenue to ¥84.0bn from ¥83.0bn; second-half forecasts were left unchanged.
• One-offNet income was lifted by a ¥5,999mn gain on sales of investment securities booked in January–March; ordinary profit, which excludes that gain, fell 10.7%.

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.