Imperial Hotel

Hotels & hospitality · 9708

The Japan read

From the company's own filing for Q1 (Apr–Jun 2026) · reported 2026-07-30 · the filing

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.

Other callouts in the filing

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).

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.

Show figures in

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%.