Polaris Holdings Co., Ltd · TSE:3010
Polaris — Q1 FY2027/3 Earnings Presentation
23 slides from Polaris's earnings presentation, Aug 13, 2026
Slide 1: First Quarter Financial Results Presentation Materials
Fiscal Year Ending March 2027 First Quarter Financial Results Presentation Materials August 13, 2026 Polaris Holdings Co., Ltd. Listing: Tokyo Stock Exchange Securities code: 3010 1
Slide 2: Contents
Contents 1. Executive Summary 2. Financial Results Overview Due to different fiscal year-ends, the periods included in the consolidated results differ. 3. Business Overview Polaris HD Apr.–Jun. 2026 4. New Hotel Openings Results 5. Review of the Shareholder Return Policy Minacia +Overseas* Jan.–Mar.
Slide 3: Executive Summary
Executive Summary 1Q Financial Highlights Business Overview Revenue declined at some existing hotels due to fewer guests from China. Net sales increased 7.4% YoY, driven by new hotel openings. New hotel agreements are progressing at a faster pace than Operating profit declined due to higher
Slide 4: FY2027/3 1Q Financial Highlights
FY2027/3 1Q Financial Highlights Net sales increased 7.4% YoY, driven by new hotel openings, while operating profit declined due to lower revenue at some existing hotels and higher SG&A expenses. YoY FY2026/3 FY2027/3 1Q 1Q Key Factors (unit:¥M) Change Change(%) Net Sales Net Sales 11,257 12,085 +
Slide 5: Financial Results – Progress Against Full-Year Forecast
FY2027/3 1Q Financial Results – Progress Against Full-Year Forecast Net sales and profit are tracking slightly below initial expectations, while the full-year forecast remains unchanged. FY2027/3 FY2027/3 Percentage 1Q Forecast Complete Key Factors (unit:¥M) Full-Year Forecast Net Sales 12,085 54,
Slide 6: Quarterly Trends in Net Sales and Operating Profit
FY2027/3 1Q Financial Results Overview Quarterly Trends in Net Sales and Operating Profit Net sales continued to grow steadily. ＋7.4% Net Sales 13,046 Operating Profit (Pre-Goodwill Amortization) 12,435 -22.4% 12,085 （¥M） （¥M） 11,731 11,257 10,941 1,497 1,337 1,220 1,255 1,256 974 6,385 5,075 4,752
Slide 7: Inbound Visitor Trends
FY2027/3 1Q Business Overview Inbound Visitor Trends Inbound visitors declined YoY, largely due to a 56% decrease in visitors from China. No impact from tensions in the Middle East was observed, while visitors from other markets increased 13% YoY. (thousands) Monthly Inbound Visitors Inbound Visitor
Slide 8: KPI Performance of Comparable Domestic Hotels
FY2027/3 1Q Business Overview KPI Performance of Comparable Domestic Hotels RevPAR decreased 2% YoY, affected by fewer Chinese guests amid deteriorating Japan-China relations and lower demand following Expo 2025 Osaka, Kansai. 68 Comparable FY2027/3 1Q FY2026/3 1Q YoY Domestic Hotels Apr.–Jun. 2026
Slide 9: KPI Performance of Comparable Domestic Hotels by Region
FY2027/3 1Q Business Overview KPI Performance of Comparable Domestic Hotels by Region RevPAR declined significantly in the Kinki region following Expo 2025 Osaka, Kansai, while increasing in all other regions despite fewer Chinese guests. RevPAR (JPY) Inbound Ratio (Guest-nights) 8,627 ＋1.5% 22% -5.
Slide 10: Changes in Inbound Guest Mix
FY2027/3 1Q Business Overview Changes in Inbound Guest Mix Chinese guests declined in the Kanto and Kinki regions, where they had previously accounted for a relatively high share of guests. Guest-Night Mix by Region and Nationality (Apr.–Jun.) 2025 Japan Others China 2026 Japan Others China Hokkaido
Slide 11: New Hotel Openings – Contract Progress and Operating Scale
New Hotel Openings – Contract Progress and Operating Scale Secured 8 new hotel contracts in 1Q, significantly exceeding the previous year. We are making steady progress toward the Medium-Term Management Plan targets. Quarterly New Hotel Contract Activity Hotel Portfolio Overview As of July 31, 2026
Slide 12: New Hotel Opening – KOKO HOTEL Sendai Station Central
New Hotel Opening – KOKO HOTEL Sendai Station Central Our fourth hotel in Sendai and first newly built hotel in the city Further strengthening our cluster strategy to enhance operational efficiency Highlights • Prime location near the West Exit of JR Sendai Station • Close to our three existing
Slide 13: New Hotel Opening – KOKO HOTEL Premier Tokyo Bay Makuhari
New Hotel Opening – KOKO HOTEL Premier Tokyo Bay Makuhari Jointly acquired with the sponsor group upon completion, with Polaris investing ¥1.0 billion First KOKO HOTEL featuring a top-floor public bath with a sauna and open-air bath Highlights • Made a ¥1.0 billion Tokumei Kumiai investment in a
Slide 14: Revision of Shareholder Return Policy
Revision of Shareholder Return Policy Based on the cash generation capacity of our business model (asset-light and recurring revenue models), we determined that we can sustainably increase dividends while still securing funds for growth investments. Accordingly, we raised the target dividend payout
Slide 15: Appendix
Appendix 15
Slide 16: Financial Results – Reported Basis
FY2027/3 1Q Financial Results – Reported Basis Net sales increased 7.4% YoY, driven by new hotel openings, while operating profit declined due to lower revenue at some existing hotels and higher SG&A expenses. FY2026/3 FY2027/3 YoY 1Q 1Q Change Change (%) JPY million Net Sales 11,257 12,085 +828 +7.
Slide 17: FY2027/3 1Q Financial Position
FY2027/3 1Q Financial Position (JPY million) Total Assets Interest-bearing Debt Net Assets Equity Ratio Other Non-current Assets Long-term Debt Retained Earnings Current Assets Short-term Debt Capital Surplus Share Capital 69,205 32,156 65,227 160 31,270 315 16,489 14,588 10,945 9,907 47.9% 46.5% 55
Slide 18: Borrowing Status As of June 30, 2026
Borrowing Status As of June 30, 2026 Unit: JPY million Credit Guarantee Kiraboshi Bank, 317, 2% Corporation, 162, 1% RCBC, 129, 1% Mizuho Bank, 330, 2% BDO, 680, 5% Shoko Chukkin Bank, 922, 6% SAJP VI 3.0 LP, 855, 6% Interest- Bearing Loans JPY 14,588 Japan Finance million Corporation, 2,267, 16% Sy
Slide 19: Tax Loss Carryforwards & Deferred Tax Assets (Tax Effect Accounting)
Tax Loss Carryforwards & Deferred Tax Assets (Tax Effect Accounting) • Significant tax loss carryforwards from COVID-era losses are expected to reduce corporate tax payments in the near term. • As future earnings were assessed as stable, deferred tax assets representing future tax benefits were reco
Slide 20: Five-Year Financial Data
Five-Year Financial Data FY2022/3 FY2023/3 FY2024/3 FY2025/3 FY2026/3 Net Sales JPY thousand 3,712,127 7,017,664 22,545,288 27,881,446 48,469,321 Ordinary Profit JPY thousand [1,623,142] [215,243] 2,608,746 1,893,262 2,896,055 Net Income attributable to Owners of the Parent JPY thousand [1,829,816]
Slide 21: Notes on Domestic Hotel KPIs
Notes on Domestic Hotel KPIs 1 The aggregation includes hotels that were already in operation at the beginning of the previous financial year and continued to operate as of the end of the reported period. The three hotels operated under the “Value the Hotel” brand, which were established as part of
Slide 22: Important Notice
Important Notice This document is intended solely to provide information about the Company to shareholders and investors, and does not constitute a solicitation or offer to invest. Furthermore, performance forecasts and forward-looking statements contained herein are based on judgments using informa
Slide 23: MICKA. AZICHBVUE,
MICKA. AZICHBVUE, polaris HOLDINGS