Thursday, January 27, 2011
Monday, January 24, 2011
2010 - Japan Leisure Hotel Operator Announces sales and EBITDA growth
Alchemy Japan KK Announces its Japanese Leisure Hotels’ 2010 Earnings Results: EBITDA 10% Growth on Previous Year
Tokyo, Japan January 24, 2011 – Alchemy Japan’s Japanese Leisure Hotels reported: an EBITDA of ¥564 million, a 10% improvement on the previous year, and a Net income of ¥909 million being a 9% growth on net income for 2009. Sales grew to ¥2.036 billion, a 4.3% increase on 2009. Revenue growth was led by an 18% increase in customer numbers as 2010 average Occupancy Rate (OCR) reached 257%.
Our positive results can be attributed to a combination of factors said Mr. Mijatovic:
the success of our operating partner, Urban Resorts Japan’s “Guaranteed Value”™ customer retention and acquisition strategy evidenced by OCR increasing by 18% and the 8% increase in Food & Beverage revenues,
the systemization of our yield maximization processes enabled specific analysis, precise examination and quicker reaction times to changes in the competitive market environment at each hotel and customer preferences,
industry leading levels of operational efficiency, in particular labour productivity.
“Despite the weakening economic conditions in Japan we have achieved our greatest revenues and net income growth in the second half of 2010, with the end of year holiday period in particular achieving record revenues.” noted Mr. Mijatovic
“Our hotels and operating procedures have been updated to comply with the new regulatory changes governing Leisure Hotel operations and we are well placed to continue both revenue and bottom line growth in 2011."
Alchemy Japan’s management anticipates that their 2011 leisure hotels’ earnings will maintain or exceed the growth levels achieved in 2010.
“We expect to see significant opportunities for acquiring new hotels as a large number of hotel owners seek to exit their investments due to liquidity constraints, distress in their financing arrangements and the impact of the new regulations” stated Mr. Mijatovic.
About Alchemy Japan:
Headquartered in Tokyo, Alchemy Japan is an asset management, investment and advisory company that creates value by transforming and managing real estate, investments, and financial assets.
Alchemy Japan commenced management of Leisure Hotel assets in Japan in 2004 with an asset
management mandate for one of the first foreign institutional investors into the sector. Its Leisure
Hotel division now owns and manages a nationwide portfolio of 15 hotels.
Urban Resorts Japan is one of Japan’s leading and most dynamic leisure hotel operators and is
ranked 10th nationally in terms of room inventory.
http://www.japantoday.com/category/business/view/alchemy-japan-kk-announces-strong-results-in-love-hotel-sector
http://alchemyjapan.jp/en/whoweare/Alchemy%20Japan-MediaRelease-January2011.pdf
Tokyo, Japan January 24, 2011 – Alchemy Japan’s Japanese Leisure Hotels reported: an EBITDA of ¥564 million, a 10% improvement on the previous year, and a Net income of ¥909 million being a 9% growth on net income for 2009. Sales grew to ¥2.036 billion, a 4.3% increase on 2009. Revenue growth was led by an 18% increase in customer numbers as 2010 average Occupancy Rate (OCR) reached 257%.
Our positive results can be attributed to a combination of factors said Mr. Mijatovic:
the success of our operating partner, Urban Resorts Japan’s “Guaranteed Value”™ customer retention and acquisition strategy evidenced by OCR increasing by 18% and the 8% increase in Food & Beverage revenues,
the systemization of our yield maximization processes enabled specific analysis, precise examination and quicker reaction times to changes in the competitive market environment at each hotel and customer preferences,
industry leading levels of operational efficiency, in particular labour productivity.
“Despite the weakening economic conditions in Japan we have achieved our greatest revenues and net income growth in the second half of 2010, with the end of year holiday period in particular achieving record revenues.” noted Mr. Mijatovic
“Our hotels and operating procedures have been updated to comply with the new regulatory changes governing Leisure Hotel operations and we are well placed to continue both revenue and bottom line growth in 2011."
Alchemy Japan’s management anticipates that their 2011 leisure hotels’ earnings will maintain or exceed the growth levels achieved in 2010.
“We expect to see significant opportunities for acquiring new hotels as a large number of hotel owners seek to exit their investments due to liquidity constraints, distress in their financing arrangements and the impact of the new regulations” stated Mr. Mijatovic.
About Alchemy Japan:
Headquartered in Tokyo, Alchemy Japan is an asset management, investment and advisory company that creates value by transforming and managing real estate, investments, and financial assets.
Alchemy Japan commenced management of Leisure Hotel assets in Japan in 2004 with an asset
management mandate for one of the first foreign institutional investors into the sector. Its Leisure
Hotel division now owns and manages a nationwide portfolio of 15 hotels.
Urban Resorts Japan is one of Japan’s leading and most dynamic leisure hotel operators and is
ranked 10th nationally in terms of room inventory.
http://www.japantoday.com/category/business/view/alchemy-japan-kk-announces-strong-results-in-love-hotel-sector
http://alchemyjapan.jp/en/whoweare/Alchemy%20Japan-MediaRelease-January2011.pdf
Friday, January 21, 2011
Tokyo Residential Real Estate: Back and Bubbling - Japan Real Time - WSJ
Tokyo Real Estate: Back and Bubbling - Japan Real Time - WSJ
Some signs of the health of the Tokyo residential real estate market
Wednesday, January 19, 2011
Record low 68.8% graduating university students receive job offers+
Record low 68.8% graduating university students receive job offers+
TOKYO, Jan. 18 (AP) - (Kyodo)—Only 68.8 percent of university students had found jobs as of Dec. 1 before their graduation this March, down 4.3 percentage points from a year earlier and the lowest level since 1996, when comparable data became available, a government survey showed Tuesday.
Among junior college students, the percentage stood at 45.3 percent, also a record low and down 2.1 points, according to the survey conducted by the Health, Labor and Welfare Ministry and the Education, Culture, Sports, Science and Technology Ministry.
The ministries picked 62 four-year universities, both public and private, and 20 two-year junior colleges nationwide to check job offer conditions for graduating students.
The survey showed 70.1 percent of male students had got job offers, down 2.9 points, and 67.4 percent of female students, down 5.8 points. Among students at state- and local government-run universities, 76.7 percent had received job offers, down 4.0 points, while 66.3 percent at private ones had found jobs, down 4.2 points.
Job offers to science and engineering students fell by the largest margin ever, down 7.3 points to 71.3 percent, according to the survey.
An education ministry official said, "Companies favor students from graduate school as work-ready graduates."
Among students majoring in humanities courses, 68.3 percent had received job offers, down 3.7 points.
In the face of the tough employment situation, the labor ministry on Tuesday announced temporary measures to help graduating high school and university students find jobs, featuring subsidies to be paid to companies that decide to employ such students during a two-month period through March.
It will also organize job fairs bringing together students and companies, particularly small- and midsize ones, nationwide.
It has been pointed out that while there are small- and midsize companies that are little known but aggressive in employing, graduating students tend to favor big, high-profile corporations.
TOKYO, Jan. 18 (AP) - (Kyodo)—Only 68.8 percent of university students had found jobs as of Dec. 1 before their graduation this March, down 4.3 percentage points from a year earlier and the lowest level since 1996, when comparable data became available, a government survey showed Tuesday.
Among junior college students, the percentage stood at 45.3 percent, also a record low and down 2.1 points, according to the survey conducted by the Health, Labor and Welfare Ministry and the Education, Culture, Sports, Science and Technology Ministry.
The ministries picked 62 four-year universities, both public and private, and 20 two-year junior colleges nationwide to check job offer conditions for graduating students.
The survey showed 70.1 percent of male students had got job offers, down 2.9 points, and 67.4 percent of female students, down 5.8 points. Among students at state- and local government-run universities, 76.7 percent had received job offers, down 4.0 points, while 66.3 percent at private ones had found jobs, down 4.2 points.
Job offers to science and engineering students fell by the largest margin ever, down 7.3 points to 71.3 percent, according to the survey.
An education ministry official said, "Companies favor students from graduate school as work-ready graduates."
Among students majoring in humanities courses, 68.3 percent had received job offers, down 3.7 points.
In the face of the tough employment situation, the labor ministry on Tuesday announced temporary measures to help graduating high school and university students find jobs, featuring subsidies to be paid to companies that decide to employ such students during a two-month period through March.
It will also organize job fairs bringing together students and companies, particularly small- and midsize ones, nationwide.
It has been pointed out that while there are small- and midsize companies that are little known but aggressive in employing, graduating students tend to favor big, high-profile corporations.
Firm's real-time Internet broadcasts of Japanese TV programs ruled copyright violation - The Mainichi Daily News
Firm's real-time Internet broadcasts of Japanese TV programs ruled copyright violation - The Mainichi Daily News
A company providing real-time Internet broadcasts of Japanese television programs to subscribers overseas was found to be in violation of the Copyright Law by the Supreme Court.
Public broadcaster NHK and five private key broadcasters based in Tokyo brought the suit against Tokyo-based company Nagano Shoten, demanding that it halt its online broadcasting service "ManekiTV" and sought approximately 10 million yen in damages -- demands which were rejected in lower court rulings.
Presiding Judge Mutsuo Tahara of the Supreme Court's Third Petty Bench overturned the lower court rulings on Jan. 18 after judging that the service violates the Copyright Law, and ordered that the case be sent back to the Intellectual Property High Court.
As the ruling effectively indicates Nagano Shoten's defeat, the company is expected to be forced to terminate its online service. The amount of compensation will be determined in deliberations at the Intellectual Property High Court.
According to Nagano Shoten, subscribers purchase a commercially available transmission appliance, which they entrust to the company. With an initial enrollment fee of 10,000 yen and a monthly users' fee of 4,800 yen, subscribers located overseas or in Japan outside of Tokyo can view programs from key broadcasters in real time.
The focus of the lawsuit was whether or not "ManekiTV" constituted an "act of public transmission," which would signify a violation of the broadcasters' copyrights. The judges in the lower courts ruled that the service was a one-on-one relationship between each subscriber and the company, and therefore did not constitute public transmission.
The top court's Third Petty Bench, however, concluded that anyone could subscribe to the service, and that Nagano Shoten had proactively transmitted programs to an unspecified number of people.
Meanwhile, Nagano Shoten President Shuhei Nagano argues: "It's doesn't make sense to strip others of the right to receive useful services in order to protect broadcasters' vested interests."
Nagano intends to continue providing the online service until the Intellectual Property High Court hands down a ruling. It is unknown how many "ManekiTV" subscribers there are currently, but Nagano says that in 2007, there were 74 subscribers.
The ruling on Jan. 18 does not suggest that the transmission of programs from one individual to another is illegal. For example, it is possible for Japanese living overseas to entrust family members or friends in Japan with a transmission appliance in order to watch Japanese television programs elsewhere.
A company providing real-time Internet broadcasts of Japanese television programs to subscribers overseas was found to be in violation of the Copyright Law by the Supreme Court.
Public broadcaster NHK and five private key broadcasters based in Tokyo brought the suit against Tokyo-based company Nagano Shoten, demanding that it halt its online broadcasting service "ManekiTV" and sought approximately 10 million yen in damages -- demands which were rejected in lower court rulings.
Presiding Judge Mutsuo Tahara of the Supreme Court's Third Petty Bench overturned the lower court rulings on Jan. 18 after judging that the service violates the Copyright Law, and ordered that the case be sent back to the Intellectual Property High Court.
As the ruling effectively indicates Nagano Shoten's defeat, the company is expected to be forced to terminate its online service. The amount of compensation will be determined in deliberations at the Intellectual Property High Court.
According to Nagano Shoten, subscribers purchase a commercially available transmission appliance, which they entrust to the company. With an initial enrollment fee of 10,000 yen and a monthly users' fee of 4,800 yen, subscribers located overseas or in Japan outside of Tokyo can view programs from key broadcasters in real time.
The focus of the lawsuit was whether or not "ManekiTV" constituted an "act of public transmission," which would signify a violation of the broadcasters' copyrights. The judges in the lower courts ruled that the service was a one-on-one relationship between each subscriber and the company, and therefore did not constitute public transmission.
The top court's Third Petty Bench, however, concluded that anyone could subscribe to the service, and that Nagano Shoten had proactively transmitted programs to an unspecified number of people.
Meanwhile, Nagano Shoten President Shuhei Nagano argues: "It's doesn't make sense to strip others of the right to receive useful services in order to protect broadcasters' vested interests."
Nagano intends to continue providing the online service until the Intellectual Property High Court hands down a ruling. It is unknown how many "ManekiTV" subscribers there are currently, but Nagano says that in 2007, there were 74 subscribers.
The ruling on Jan. 18 does not suggest that the transmission of programs from one individual to another is illegal. For example, it is possible for Japanese living overseas to entrust family members or friends in Japan with a transmission appliance in order to watch Japanese television programs elsewhere.
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