Notice Regarding Revision of Operation Status and Dividend Forecast for the Fiscal Year Ending December 2025 (26th Term) and Operation Status and Dividend Forecast for the Fiscal Year Ending December 2026 (27th Term)

Revision of Operation Status and Dividend Forecast for the Fiscal Year Ending December 2025

Operating revenue for the fiscal year ending December 2025 has been revised to JPY 45,564 million (2.0% increase from previous forecast), and net income attributable to owners of parent to JPY 27,140 million (4.1% increase). This improvement reflects robust domestic and international lodging demand, as well as an increase in inbound tourism, which contributed to favorable hotel performance. Increases in variable rent, adjustments in property-related expenses, and reductions in financing costs also had an impact. Dividend per unit has been revised upward to JPY 5,060, a 4.8% increase from the previous forecast.

Operation Status and Dividend Forecast for the Fiscal Year Ending December 2026

For the fiscal year ending December 2026, operating revenue is forecasted at JPY 44,840 million, and net income attributable to owners of parent at JPY 24,218 million. Dividend per unit is expected to increase by 2.3% Year-over-Year to JPY 5,177; excluding one-time factors such as sale gains, the base dividend is anticipated to grow by 6.1%. While incorporating the impact of travel advisories from the Chinese government, hotel performance is projected to remain strong due to enhanced marketing efforts in Asia, Europe, North America, and Australia. Additionally, a large-scale renovation of Hilton Tokyo Odaiba is planned from February 2026 through the end of December 2027, with effects from this factored into the forecast.