Overview
Services

WASHINGTON HOTEL CORPORATION

Washington Hotel Co., Ltd. operates two hotel brands across Japan: 'Washington Hotel Plaza,' a full-service business hotel chain with restaurants and banquet facilities targeting business and leisure travelers, and 'Washington R&B Hotel,' a budget-focused, lodging-only chain concentrated in major urban areas. As of March 2025, the company manages 43 hotels with a total of 9,481 rooms nationwide, generating revenue primarily from room sales through online travel agencies, its proprietary booking site 'Washington Net,' and travel agencies. The company's competitive strengths include prime station-adjacent locations, cost-efficient operations, and ongoing renovation programs to broaden room type offerings.

Market Cap
¥21.9B
US$140M
EV
¥36.3B
US$231M
Stock¥1,826▲+0.44%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
7.2
x
LTM EV/EBIT
9.6
x
LTM PER
8.0
x
LTM PBR
1.8
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-7.9%pt
1001
Oct 24, 25 – Oct 23, 26StockTOPIX
1Feb 13, 26FY results: Op. profit growth and dividend increase
MC → EV Bridge
21.9BUS$140MMarket Cap18.2BUS$116M+ Debt3.50BUS$22.3M− Cash0.35BUS$2.24M− Inv. Sec.36.3BUS$231MEV
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Performance & Balance
Revenue 5Y (¥B)
8.55US$54.5M'22/317.5US$112M'23/318.3US$117M'24/321.3US$136M'25/324.2US$154M'26/3
EBITDA 5Y (¥B)
-2.29-US$14.6M'22/33.95US$25.2M'23/32.53US$16.2M'24/33.39US$21.6M'25/35.06US$32.3M'26/3
Net Income 5Y (¥B)
-3.26-US$20.8M'22/33.22US$20.5M'23/30.84US$5.33M'24/32.02US$12.9M'25/33.03US$19.3M'26/3
Capital Structure
40%
60%
EquityD/E 1.48xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
4.97US$31.7M26.3US$168M'22/39.13US$58.2M26.1US$167M'23/36.74US$43.0M22.8US$146M'24/36.32US$40.3M20.7US$132M'25/36.80US$43.4M18.5US$118M'26/3
Shareholders
Top 10 hold 46.6%
1
Kowa Facilities Co., Ltd.
11.81%
2
FUJITA KANKO INC.
7.10%
3
THE CHASE MANHATTAN BANK, N.A. LONDON SPECIAL ACCOUNT NO.1 (Standing Proxy: Mizuho Bank, Ltd.)
4.20%
4
Mizuho Bank, Ltd. (Standing Proxy: Custody Bank of Japan, Ltd.)
4.14%
5
MUFG Bank, Ltd.
4.14%
6
Nippon Life Insurance Company (Standing Proxy: The Master Trust Bank of Japan, Ltd.)
4.08%
7
BNP PARIBAS SINGAPORE/2S/JASDEC/MBBC LIENT ASSETS 2 (Standing Proxy: The Hongkong and Shanghai Banking Corporation Limited, Tokyo Branch)
3.61%
8
Kondo Spinning Co., Ltd.
2.61%
9
Nagoya Small and Medium Business Investment & Consultation Co., Ltd.
2.45%
10
APA Holdings Co., Ltd.
2.44%
Management
9 officers
Futoshi HASEGAWA
Representative Director, President and Executive Officer
Nov 1987 Joined the Company Dec 2002 Director, Tokyo Development Office, Planning and Development Department Oct 2006 General Manager, Nara Washington Hotel Plaza Mar 2011 General Manager, Business Reform Department Jun 2014 Director and Executive Officer, concurrently General Manager, Business Development Department Jun 2020 Director and Managing Executive Officer, concurrently General Manager, Washington Hotel Plaza Business Division Jun 2021 Director and Managing Executive Officer, concurrently General Manager, Sales Headquarters and General Manager, Washington Hotel Plaza Business Division Jun 2024 Representative Director, President and Executive Officer (current)
1961-09-27
Manabu IDOGAWA
Director, Managing Executive Officer, General Manager, Sales Headquarters
Mar 1990 Joined the Company Mar 2010 General Manager, Nagoya Nishiki Washington Hotel Plaza Jun 2011 General Manager, General Affairs and Human Resources Department Jun 2015 Executive Officer, concurrently General Manager, General Affairs and Human Resources Department Jun 2020 Director and Executive Officer, concurrently General Manager, General Affairs and Human Resources Department Feb 2021 Director and Executive Officer, concurrently General Manager, Shin-Osaka Washington Hotel Plaza Jun 2024 Director and Managing Executive Officer, concurrently General Manager, Sales Headquarters and General Manager, Washington Hotel Plaza Business Division Dec 2024 Director and Managing Executive Officer, General Manager, Sales Headquarters (current)
1968-02-02
Ryosuke TANAKA
Director and Executive Officer, General Manager, Business Development Department
Apr 1992 Joined the Company Jun 2007 Supervisor, R&B Business Division Jul 2009 Office Manager, R&B Business Division Jun 2013 General Manager, R&B Hotel Business Division Jun 2016 Executive Officer, concurrently General Manager, R&B Hotel Business Division Jun 2020 Director and Executive Officer, concurrently General Manager, R&B Hotel Business Division Jun 2024 Director and Executive Officer, concurrently Deputy General Manager, Sales Headquarters and General Manager, R&B Hotel Business Division Dec 2024 Director and Executive Officer, concurrently Deputy General Manager, Sales Headquarters Sep 2025 Director and Executive Officer, concurrently General Manager, Business Development Department (current)
1969-10-21
Hiroshi NUNOME
Director and Executive Officer, General Manager, Corporate Planning Department
Mar 1998 Joined the Company Mar 2011 Office Manager, Corporate Planning Office Jun 2021 Executive Officer, concurrently General Manager, Corporate Planning Department Jun 2024 Director and Executive Officer, concurrently General Manager, Corporate Planning Department (current)
1975-05-17
Norifumi TSUO
Director and Executive Officer, General Manager, Accounting and Finance Department
Mar 1991 Joined the Company Mar 2011 Office Manager, General Affairs and Human Resources Office Feb 2021 General Manager, General Affairs and Human Resources Department Jun 2023 Executive Officer, concurrently General Manager, General Affairs and Human Resources Department Jun 2024 Executive Officer, concurrently General Manager, Accounting and Finance Department (current) Jun 2026 Director and Executive Officer, concurrently General Manager, Accounting and Finance Department
1967-04-18
Etsuo FUKATSU
Director
Apr 1984 Joined Kowa Shinyaku Co., Ltd. (now Kowa Company, Ltd.) Oct 2005 Kowa Company, Ltd. Jun 2008 Kowa Sosho Co., Ltd. (now Kowa Company, Ltd.) Jun 2013 Executive Officer and Manager, Tokyo No. 1 Branch, Kowa Sosho Co., Ltd. Apr 2020 Executive Officer and Manager, Osaka Branch, Kowa Company, Ltd. Jun 2022 Managing Director, Kowa Facility Management Co., Ltd. (now Kowa Facilities Co., Ltd.) Jun 2023 Representative Director and President, Kowa Facility Management Co., Ltd. Oct 2025 Representative Director and President, Kowa Facilities Co., Ltd. (current) Jun 2026 Outside Director of the Company
1961-03-04
Masaki YAMAGUCHI
Director (Audit and Supervisory Committee Member)
Aug 1988 Joined the Company Dec 2021 General Manager, Internal Audit Department Jun 2024 Director (Audit and Supervisory Committee Member) (current)
1964-02-04
Yoko NAGOSHI
Director (Audit and Supervisory Committee Member)
Dec 2008 Registered as Attorney-at-Law Jan 2009 Joined Koze Kenji Law Office Apr 2011 Opened Chukyo Citizens Law Office Nov 2014 Outside Director, Connect Holdings Co., Ltd. (now Asrina Co., Ltd.) Nov 2016 Outside Director (Audit and Supervisory Committee Member), G-3 Holdings Co., Ltd. (now Asrina Co., Ltd.) Mar 2018 Opened Grants Law Office; Partner Attorney (current) Jan 2020 Outside Director, SBY Co., Ltd. Sep 2021 Outside Director, Green Micro Factory Co., Ltd. Jun 2022 Director (Audit and Supervisory Committee Member) of the Company (current)
1971-12-21
Yasunori KIMURA
Director (Audit and Supervisory Committee Member)
Dec 2008 Joined Deloitte Touche Tohmatsu LLC Nov 2012 Registered as Certified Public Accountant Oct 2018 Opened Yasunori Kimura CPA Office Jun 2026 Outside Director (Audit and Supervisory Committee Member) of the Company
1987-09-27
Large Shareholding Reports
APA Holdings Co., Ltd.
2026-06-19
4.61%→5.84%
Annual report (as of 2026-03-31): 2.44%
APA Holdings Co., Ltd.
2026-06-12
3.37%→4.61%
Annual report (as of 2026-03-31): 2.44%
Fujita Kanko Inc.
2026-05-08
7.90%→10.19%
Annual report (as of 2026-03-31): 7.10%
APA Holdings Co., Ltd.
2026-04-17
2.21%→3.37%
Annual report (as of 2026-03-31): 2.44%
Cambridge Asia LLC
2026-04-13
5.01%→3.94%
APA Holdings Co., Ltd.
2026-04-01
2.21%
Annual report (as of 2026-03-31): 2.44%
Kowa Facilities Co., Ltd.
2025-10-28
12.05%→11.78%
Annual report (as of 2026-03-31): 11.81%
Cambridge Asia LLC
2025-10-20
5.01%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-14
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-19
Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2026-06-19
Large Shareholding Report
EDINET
2026-06-12
Large Shareholding Report
EDINET
2026-05-08
Large Shareholding Report
EDINET
2026-04-17
Large Shareholding Report
EDINET
2026-04-13
Large Shareholding Report
EDINET
2026-04-01
Large Shareholding Report
TDnet
2026-02-12
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-14
Semi-Annual Securities Report
Period: Apr 2025 – Sep 2025
EDINET
2025-10-28
Large Shareholding Report
EDINET
2025-10-20
Large Shareholding Report
TDnet
2025-08-14
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-26
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-14
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-14
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-14
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-28
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-14
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-14
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-14
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINETAmended
2023-06-29
Amended Annual Securities Report
Period: Apr 2021 – Mar 2022
EDINET
2023-06-29
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-13
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-14
Quarterly Securities Report
EDINET
2022-08-12
Quarterly Securities Report
EDINET
2022-06-27
Annual Securities Report
EDINET
2022-02-14
Quarterly Securities Report
EDINET
2021-11-12
Quarterly Securities Report
EDINET
2021-08-12
Quarterly Securities Report
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