TOKYO, May 12 (Pulse News Wire) – THE Kyoto Hotel,ltd. (9723.T) announced today that it has postponed its planned renovation of rooms at the Hotel Okura Kyoto due to unstable supply conditions influenced by recent Middle Eastern situations.
Originally scheduled to begin in fiscal 2025, the project's timeline will now be reassessed based on future material availability trends. As part of this adjustment, the company also stated that it would temporarily withdraw previously set revenue targets for its medium-term management plan, which had accounted for potential room closures during renovations.
These targets will be re-evaluated once the renovation plans resume. In addition, the company noted that its performance forecast for the fiscal year ending March 2027 remains unchanged, as previously disclosed in its earnings brief.
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