In November 2025, the domestic hotel portfolio recorded strong results with occupancy up 0.5pt, ADR up 8.6%, and RevPAR up 9.3%. The two Cayman overseas properties saw a decline in occupancy but an increase in ADR, resulting in a RevPAR increase of 4.4%.<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","meta":{"Ticker":"","DATE":"","longName":"","company_name_ja":"","fullTimeEmployees":0,"address":"","phone":"","website":"","industry":"","sector":"","regularMarketPrice":0,"financialCurrency":"","marketCap":0,"fiftyTwoWeekLow":0,"fiftyTwoWeekHigh":0,"epsTrailingTwelveMonths":0,"epsForward":0,"bookValue":0,"totalRevenue":0,"OperatingIncome":0,"operatingMargins":0,"NetIncome":0,"profitMargins":0,"ebitda":0,"trailingPE":0,"forwardPE":0,"priceToBook":0,"returnOnEquity":0,"recommendationMean":0,"recommendationKey":"","targetMeanPrice":0,"numberOfAnalystOpinions":0,"analyst_earnings_data":"","dividendRate":0,"dividendYield":0,"payoutRatio":0,"totalEsg":0,"environmentScore":0,"socialScore":0,"governanceScore":0,"title":"","providerPublishTime":"","link":"","longBusinessSummary":"","longBusinessSummary_ja":"","quarterly_revenue":0,"quarterly_net_income":0,"quarterly_operating_profit":0,"enterprise_value":0,"company_officer_1_name":"","company_officer_1_title":"","company_officer_2_name":"","company_officer_2_title":"","company_officer_3_name":"","company_officer_3_title":"","company_officer_4_name":"","company_officer_4_title":"","company_officer_5_name":"","company_officer_5_title":"","company_officers_update_time":"","get_dividend_history_year1":0,"get_dividend_history_year2":0,"get_dividend_history_year3":0,"get_dividend_history_year4":0,"get_dividend_history_year5":0,"get_dividend_history_year6":0,"get_dividend_history_year7":0,"get_dividend_history_year8":0,"get_dividend_history_year9":0,"get_dividend_history_year10":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"jir_stock_code":"8963","jir_company_name":"Invincible Investment Corporation","jir_importance":"\u26054","jir_publication_date":"2025-12-25","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2025\/12\/8963-20251225-01.pdf","jir_short_summary":"In November 2025, the domestic hotel portfolio recorded strong results with occupancy up 0.5pt, ADR up 8.6%, and RevPAR up 9.3%. The two Cayman overseas properties saw a decline in occupancy but an increase in ADR, resulting in a RevPAR increase of 4.4%.","jir_summary":"### Overview of Monthly Sales Performance\nThe domestic hotel portfolio (based on 91 properties) in November 2025 showed steady growth compared to the same month last year, with occupancy at 85.6% (+0.5pt), ADR at JPY 15,609 (+8.6%), and RevPAR at JPY 13,362 (+9.3%). Sales reached JPY 9.082 billion, an 8.7% increase year-on-year. The two overseas Cayman properties saw a decrease in occupancy to 54.6% (-5.1pt), but ADR rose to USD 482 (+14.2%), resulting in a RevPAR of USD 263 (+4.4%).\n\n### Segment and Product Trends\nDomestic hotels performed particularly well in the Tokyo 23 wards, with RevPAR up 15.6% year-over-year, driven by robust inbound demand. Non-room revenue also increased by 7.3%, supporting overall sales. The two Cayman properties experienced a sales suspension due to large-scale renovations at The Sunshine Hotel & Suites, but ADR rose significantly as the impact of last year\u2019s major hurricane diminished, leading to an increase in RevPAR.\n\n### Store Deployment and Future Outlook\nThe domestic hotel portfolio comprises 91 properties, with December\u2019s RevPAR expected to rise approximately 7.4% year-over-year. Renovations at the two Cayman properties are mostly complete, and December is projected to see occupancy at 63.3%, ADR at USD 911, and RevPAR at USD 577 due to increased demand during the Christmas holidays. Strong operations are expected to continue, supported by robust demand both domestically and internationally.","jir_financial_highlights":"Year-over-Year Sales: Domestic Hotels +8.7%, Cayman 2 Properties +1.0% (Year-over-Year Increase)\nYear-over-Year Guests: Domestic Hotels Occupancy +0.5pt, Cayman 2 Properties Occupancy -5.1pt (Increase in Domestic Hotels, Decrease in Cayman)\nYear-over-Year Average Guest Spend: Domestic Hotels ADR +8.6%, Cayman 2 Properties ADR +14.2% (Year-over-Year Increase)","jir_category":"Sales, Business Update","jir_hashtags":"#InvincibleInvestmentCorporation, #MonthlyUpdate, #Sales, #JapaneseStocks","jir_key_figures":"Year-over-Year Monthly Sales: Domestic Hotels +8.7%, Cayman 2 Properties +1.0%\nYear-over-Year Guests: Domestic Hotels Occupancy +0.5pt, Cayman 2 Properties Occupancy -5.1pt\nYear-over-Year Guest Spend: Domestic Hotels ADR +8.6%, Cayman 2 Properties ADR +14.2%\nNumber of Properties: Domestic Hotels 91 Properties, Cayman 2 Properties\nMajor Segment Sales Ratio: Domestic Hotels Sales JPY 9.082 billion, Cayman 2 Properties Sales USD 6.983 million","jir_meta_title":"Invincible Investment Corporation November 2025 Portfolio Operation Performance Update","jir_meta_description":"Operation performance of Invincible Investment Corporation's domestic and overseas hotel portfolios in November 2025. Domestic occupancy, ADR, and RevPAR exceeded last year's levels, and overseas showed recovery trends with ADR increases despite renovation impacts.","jir_og_title":"Invincible Investment Corporation November 2025 Operation Performance Report","jir_og_description":"Detailed report on strong occupancy and ADR of 91 domestic hotels and recovery status after renovations in the two Cayman properties. Latest information for investors.","jir_og_image_url":"\/assets\/og\/company-sales-update.jpg","jir_chart_data_collection":"[{\"jir_chart_id\": \"monthly_performance_domestic_hotels\", \"jir_chart_type\": \"bar\", \"jir_chart_title\": \"Domestic Hotel Portfolio Monthly Key Indicators (November 2025)\", \"jir_chart_json_data\": \"{\\\"labels\\\":[\\\"Occupancy Rate (%)\\\",\\\"ADR (JPY)\\\",\\\"RevPAR (JPY)\\\",\\\"Sales (Million JPY)\\\"],\\\"datasets\\\":[{\\\"label\\\":\\\"Same Month Last Year\\\",\\\"data\\\":[85.1,14374,12229,8356],\\\"backgroundColor\\\":\\\"#8884d8\\\"},{\\\"label\\\":\\\"November 2025\\\",\\\"data\\\":[85.6,15609,13362,9082],\\\"backgroundColor\\\":\\\"#82ca9d\\\"}]}\"}, {\"jir_chart_id\": \"monthly_performance_cayman_hotels\", \"jir_chart_type\": \"bar\", \"jir_chart_title\": \"Cayman 2 Properties Monthly Key Indicators (November 2025)\", \"jir_chart_json_data\": \"{\\\"labels\\\":[\\\"Occupancy Rate (%)\\\",\\\"ADR (USD)\\\",\\\"RevPAR (USD)\\\",\\\"Sales (Thousand USD)\\\"],\\\"datasets\\\":[{\\\"label\\\":\\\"Same Month Last Year\\\",\\\"data\\\":[59.7,422,252,6915],\\\"backgroundColor\\\":\\\"#8884d8\\\"},{\\\"label\\\":\\\"November 2025\\\",\\\"data\\\":[54.6,482,263,6983],\\\"backgroundColor\\\":\\\"#82ca9d\\\"}]}\"}, {\"jir_chart_id\": \"regional_performance_domestic_hotels\", \"jir_chart_type\": \"table\", \"jir_chart_title\": \"Domestic Hotels Regional Key Indicators (November 2025)\", \"jir_chart_json_data\": \"{\\\"columns\\\":[\\\"Region\\\",\\\"Occupancy Rate (%)\\\",\\\"ADR (JPY)\\\",\\\"RevPAR (JPY)\\\"],\\\"rows\\\":[[\\\"Tokyo 23 Wards\\\",90.4,17374,15699],[\\\"Metropolitan Area (excluding Tokyo 23 Wards)\\\",87.6,14177,12423],[\\\"Chubu\\\",87.6,15845,13880],[\\\"Kansai\\\",84.3,16322,13759],[\\\"Kyushu\\\",85.1,15646,13314],[\\\"Hokkaido\\\",77.5,12213,9462],[\\\"Others\\\",84.6,16536,13987]]}\"}]","ir_related_company":7864,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"sales_update","footnotes":""},"sector":[],"importance":[],"class_list":["post-8611","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n