Hotels offset fewer weddings
Tsukada Global Holdings Inc. (TSE: 2418) reported consolidated results for the first nine months of FY12/2026, January 1 to September 30, 2026, on November 10, 2026. Hotel sales rose 25.1% to ¥26,329 million and segment profit 56.4% to ¥3,152 million: inbound visitors to Japan stayed at a high level despite a 2.9% dip caused by typhoons and fewer flights, keeping its luxury hotels in Tokyo, including InterContinental Tokyo Bay, Strings Hotel Tokyo InterContinental and Kimpton Shinjuku Tokyo, steady, and revenue management and cost control lifted its three U.S. hotels. Wedding sales fell 2.2% to ¥25,293 million and segment profit 13.7% to ¥2,709 million as ceremonies fell 8.4% to 5,828 because of venue closures and refurbishments, though average spending per wedding kept recovering; orders slipped 0.9% to 6,943.
Wellness & Relaxation sales rose 2.6% to ¥2,257 million and profit 26.1% to ¥150 million. Ordinary profit rose 66.4% to ¥3,003 million as last year's ¥610 million foreign-exchange loss became a ¥56 million gain. The prior-year period had included a ¥1,259 million gain on a step acquisition and ¥1,695 million of negative goodwill, which explains the fall in net profit. The equity ratio was 27.0%.
Guidance and dividend unchanged
Tsukada Global kept its FY12/2026 forecast of net sales of ¥77,797 million (+6.4%), operating profit of ¥10,095 million (+5.8%), ordinary profit of ¥8,814 million (+17.6%) and net profit attributable to owners of ¥6,014 million (+26.1%). It paid an interim dividend of ¥7 and plans ¥7 at year-end, for ¥14 against ¥12. Hitting the operating profit target requires about ¥6.1 billion in the October–December quarter, the group's peak wedding season.
| Metric | 9M FY12/2026 | 9M FY12/2025 | Change |
|---|---|---|---|
| Net sales (¥ million) | 53,892 | 49,113 | +9.7% |
| Operating profit (¥ million) | 3,960 | 3,585 | +10.5% |
| Ordinary profit (¥ million) | 3,003 | 1,805 | +66.4% |
| Net profit attrib. to owners of parent (¥ million) | 2,260 | 3,945 | -42.7% |
| Comprehensive income (¥ million) | 2,642 | 3,610 | -26.8% |
| EPS (¥) | 47.98 | 83.22 | -42.3% |
| Wedding — revenue (¥ million) | 25,293 | — | -2.2% |
| Wedding — segment profit (¥ million) | 2,709 | — | -13.7% |
| Hotel — revenue (¥ million) | 26,329 | — | +25.1% |
| Hotel — segment profit (¥ million) | 3,152 | — | +56.4% |
| Wellness & Relaxation — revenue (¥ million) | 2,257 | — | +2.6% |
| Wellness & Relaxation — segment profit (¥ million) | 150 | — | +26.1% |
| Total assets (¥ million) | 141,499 | 140,138 | +1.0% |
| Net assets (¥ million) | 40,605 | 39,792 | +2.0% |
| Equity ratio | 27.0% | 26.6% | +0.4 pt |
| FY12/2026 guidance — revenue (¥ million) | 77,797 | — | +6.4% |
| FY12/2026 guidance — operating profit (¥ million) | 10,095 | — | +5.8% |
| FY12/2026 guidance — ordinary profit (¥ million) | 8,814 | — | +17.6% |
| FY12/2026 guidance — net profit (¥ million) | 6,014 | — | +26.1% |
| Annual dividend per share (¥) | 14.00 | 12.00 | +16.7% |
JapanStockPulse provides informational content only and does not constitute investment advice. Figures are taken from the company's published earnings short report and may be subject to subsequent revision.