Toyoko Inn Co., Ltd., a major Japanese business hotel chain, has announced its financial results for the fiscal year ending March 2026. Net profit came to 23.2 billion yen.
Revenue totaled 193.0 billion yen (up 12.8% year-on-year), and operating profit was 33.1 billion yen. Of total revenue, 181.0 billion yen was generated in Japan and 12.0 billion yen overseas. The occupancy rate at hotels in Japan was 80.4% (an increase of 2.8 points), and the number of hotels reached 364, up by 7 from the end of the previous fiscal year.
Under its medium-term management plan through the fiscal year ending March 2028, Toyoko Inn is targeting revenue of 218.6 billion yen, an operating profit margin of 17%, and a total of 400 hotels. The company is working on measures to strengthen initiatives for repeat guests, raise the direct booking ratio to 60% or more, build a structure enabling the opening of 20 hotels per year, and establish systems to support aggressive hotel openings overseas.
In Japan, the chain opened its first hotel in Kochi Prefecture, completing its expansion into all 47 prefectures. Overseas, Toyoko Inn plans to expand its network mainly in South Korea, Southeast Asia, and Europe. In Asia, it will begin construction as early as July in Pyeongtaek, a port city on the outskirts of Seoul, South Korea. In Vietnam, the Philippines, and Indonesia, the company is looking for small to mid-sized hotel chains as potential acquisition targets. In Europe, Toyoko Inn has applied for development approval near Heathrow, on the outskirts of London in the United Kingdom, aiming to open in 2028, and is also planning new hotels in the United Kingdom and Germany.
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