Industry map/Entertainment, Media & Leisure
Hotels & Inns industry map
Who earns the money in Hotels & Inns, and who keeps it. When a company spans several industries, only the relevant segment is counted.
FY2025 · 96 companies · ¥4.05T
Industry map
Companies ordered by revenue, connected by ownership (major shareholders). Arrows point from the shareholder to the investee.
- Industry size (revenue)
- ¥4.05T
- Companies
- 96
- Avg. salary（parent only）
- ¥6.3M
- Industry weather
- Sunny
YoY +10.6%
Avg. age 40.0
Operating income +13.2%
East Japan Railway Company[9020]
Real estate and Hotel
- Revenue
- ¥513.2B▲15.2%
- Operating income
- ¥128.3B▲6.6%
Margin 25.0%
Whole company: Revenue ¥3.08T · Net income ¥247.8B
Avg. salary ¥8.2M · 39.8（parent only）
Tobu Railway[9001]
Leisure
- Revenue
- ¥188.7B▲7.9%
- Operating income
- ¥18.4B▲7.0%
Margin 9.8%
Whole company: Revenue ¥655.4B · Net income ¥55.6B
Avg. salary ¥7.4M · 47.7（parent only）
- East Japan Railway Company owns 1.0%
Kintetsu Group Holdings[9041]
Hotel and leisure
- Revenue
- ¥367.2B▲7.1%
- Operating income
- ¥13.8B▼1.4%
Margin 3.8%
Whole company: Revenue ¥1.75T · Net income ¥53.8B
Avg. salary ¥8.2M · 44.6（parent only）
Seibu Holdings[9024]
Hotel and Leisure
- Revenue
- ¥246.7B▲2.8%
- Operating income
- ¥22.7B▲21.6%
Margin 9.2%
Whole company: Revenue ¥513.3B · Net income ¥38.9B
Avg. salary ¥8.7M · 40.7（parent only）
- Keikyu owns 2.2%
Mitsui Fudosan[8801]
Facility Operations
- Revenue
- ¥244.1B▲9.0%
- Operating income
- ¥46.3B▲20.0%
Margin 19.0%
Whole company: Revenue ¥2.71T · Net income ¥278.7B
Avg. salary ¥18.6M · 42.1（parent only）
Oriental Land[4661]
Hotel
- Revenue
- ¥119B▲7.8%
- Operating income
- ¥36.9B▲20.9%
Margin 31.0%
Whole company: Revenue ¥704.5B · Net income ¥121.9B
Avg. salary ¥6.1M · 39.8（parent only）
- Keisei Electric Railway owns 20.0%
- Mitsui Fudosan owns 5.8%
Resorttrust[4681]
Hotel, restaurants, and others + 1 more
- Revenue
- ¥206.5B▲4.5%
- Operating income
- ¥31.2B▲5.7%
Margin 15.1%
Whole company: Revenue ¥263B · Net income ¥20.9B
Avg. salary ¥6.6M · 36.2（parent only）
Fuji Media Holdings[4676]
Urban development hotels and resorts
- Revenue
- ¥192.9B▲37.3%
- Operating income
- ¥25.2B▲2.8%
Margin 13.1%
Whole company: Revenue ¥551.9B · Net income ¥6.5B
Avg. salary ¥15.8M · 50.5（parent only）
Kyushu Railway Company[9142]
Real Estate and Hotels
- Revenue
- ¥151.5B▲9.5%
- Operating income
- ¥34.4B▲9.3%
Margin 22.7%
Whole company: Revenue ¥500.4B · Net income ¥45.5B
Avg. salary ¥6.4M · 42.5（parent only）
Kyoritsu Maintenance[9616]
Hotels
- Revenue
- ¥149B▲7.2%
- Operating income
- ¥21.1B▲13.8%
Margin 14.1%
Whole company: Revenue ¥275.2B · Net income ¥18.7B
Avg. salary ¥5.3M · 38.1（parent only）
- Cosmos Initia・Capital alliance
Tokyu[9005]
Hotel and resort
- Revenue
- ¥138.8B▲9.9%
- Operating income
- ¥9.71B▲46.0%
Margin 7.0%
Whole company: Revenue ¥1.09T · Net income ¥87.1B
Avg. salary ¥9M · 42.0（parent only）
Central Japan Railway Company[9022]
Other
- Revenue
- ¥134.5B▲6.5%
- Operating income
- ¥24.5B▲57.0%
Margin 18.2%
Whole company: Revenue ¥2.01T · Net income ¥552.9B
Avg. salary ¥8.6M · 37.0（parent only）
※ Card revenue and operating income cover only the segment in this industry; “Whole company” shows consolidated revenue and net income.
Other companies: Nagoya Railroad · Fujita Kanko · Sotetsu Holdings · Universal Entertainment · Keio · Imperial Hotel · Nishi-Nippon Railroad · Hulic · TKP · Greens · Belluna · Polaris Holdings · Keihan Holdings · Royal Holdings · Nankai · Tsukada Global Holdings · Keikyu · THE Royal Hotel · Cosmos Initia · Fuji Kyuko · H.I.S. · Washington Hotel · Resol Holdings · Amaze · Sun Frontier Fudousan · Relo Group · Mie Kotsu Group Holdings · starts · Ichigo · Keisei Electric Railway · Alpico Holdings · Abhotel · Tosho · Wealth Management · Meiji Shipping Group · THE Kyoto Hotel · Mirarth Holdings · AGORA Hospitality Group · Anabuki Kosan · Tosei …+44
The weather is derived mechanically from year-over-year totals of revenue and operating income (both up = sunny, both down = rainy).
Who earns the money
Area = revenue from businesses in this industry. Color = operating margin.
Who makes a profit
Across = revenue (log scale), up = operating margin, bubble size = operating income.
Ranking and momentum
| Rank | Company (business) | Revenue | Share | Op. margin | CAGR | FCF* |
|---|---|---|---|---|---|---|
| 1 | East Japan Railway CompanyReal estate and Hotel | ¥513.2B | 12.7% | 25.0% | +9.8% | -¥123B |
| 2 | Kintetsu Group HoldingsHotel and leisure | ¥367.2B | 9.1% | 3.8% | +21.8% | -¥33.8B |
| 3 | Seibu HoldingsHotel and Leisure | ¥246.7B | 6.1% | 9.2% | +17.5% | -¥152.7B |
| 4 | Mitsui FudosanFacility Operations | ¥244.1B | 6.0% | 19.0% | — | -¥91.1B |
| 5 | ResorttrustHotel, restaurants, and others + 1 more | ¥206.5B | 5.1% | 15.1% | +15.8% | ¥30.5B |
| 6▲1 | Fuji Media HoldingsUrban development hotels and resorts | ¥192.9B | 4.8% | 13.1% | +16.4% | -¥101.6B |
| 7▼1 | Tobu RailwayLeisure | ¥188.7B | 4.7% | 9.8% | +16.7% | -¥1.94B |
| 8▲1 | Kyushu Railway CompanyReal Estate and Hotels | ¥151.5B | 3.7% | 22.7% | +8.4% | -¥13.1B |
| 9▼1 | Kyoritsu MaintenanceHotels | ¥149B | 3.7% | 14.1% | +24.2% | ¥7.29B |
| 10▲1 | TokyuHotel and resort | ¥138.8B | 3.4% | 7.0% | +36.8% | -¥31.6B |
| 11▼1 | Central Japan Railway CompanyOther | ¥134.5B | 3.3% | 18.2% | +10.2% | ¥224.1B |
| 12 | Oriental LandHotel | ¥119B | 2.9% | 30.9% | — | ¥97.7B |
| 13 | Nagoya RailroadLeisure and services | ¥106.2B | 2.6% | 3.2% | +22.4% | -¥110.8B |
| 14▲1 | Fujita KankoWHG + 2 more | ¥80.6B | 2.0% | 17.2% | +32.0% | ¥9.97B |
| 15▲1 | Sotetsu Holdingshotel | ¥75.1B | 1.9% | 21.9% | +41.6% | -¥11.2B |
| 16▼2 | Universal EntertainmentIntegrated Resort Business | ¥65.4B | 1.6% | -10.9% | +16.7% | ¥1.8B |
| 17 | KeioHotels | ¥59.7B | 1.5% | 17.0% | — | -¥30.5B |
| 18 | Imperial HotelHotel | ¥55.9B | 1.4% | 8.7% | +21.8% | -¥3.29B |
| 19▲1 | Nishi-Nippon RailroadLeisure and service | ¥54.2B | 1.3% | 11.8% | +30.8% | -¥63M |
| 20▼1 | HulicHotel,ryokan business | ¥53.9B | 1.3% | 3.1% | +34.7% | -¥176.8B |
| 21 | TKPspace regeneration and distribution business | ¥52.2B | 1.3% | 12.9% | — | ¥4.22B |
| 22 | Greens | ¥49.6B | 1.2% | 12.7% | +33.3% | ¥6.16B |
| 23▲1 | BellunaProperty | ¥49.1B | 1.2% | 17.4% | +30.0% | -¥15B |
| 24▲4 | Polaris HoldingsHotel Operation Business | ¥48.4B | 1.2% | 10.5% | — | ¥5.27B |
| 25▼2 | Keihan HoldingsLeisure and service | ¥43.9B | 1.1% | 15.4% | +41.6% | -¥12.4B |
| 26▼1 | Royal HoldingsHotel Business | ¥41.3B | 1.0% | 16.6% | +25.5% | ¥5.61B |
| 27▼1 | NankaiLeisure and Services | ¥36.9B | 0.9% | 12.8% | +9.6% | -¥7.78B |
| 28▲2 | Tsukada Global HoldingsHotel operations | ¥31.3B | 0.8% | 13.9% | +31.4% | ¥6.65B |
| 29▼2 | KeikyuLeisure services | ¥30.9B | 0.8% | 18.0% | +10.4% | -¥41.4B |
| 30▼1 | THE Royal Hotel | ¥29.3B | 0.7% | 4.0% | +15.5% | ¥1.22B |
| 31▲1 | Cosmos InitiaAccommodation business | ¥29.1B | 0.7% | 31.6% | +46.3% | ¥2.92B |
| 32▼1 | Fuji KyukoLeisure service | ¥25.2B | 0.6% | 9.8% | +8.6% | ¥2.67B |
| 33 | H.I.S.Hotel Business | ¥24.7B | 0.6% | 14.6% | +53.2% | ¥14.1B |
| 34 | Washington Hotel | ¥24.2B | 0.6% | 15.8% | +29.7% | ¥3.3B |
| 35 | Resol HoldingsHotel operation business + 1 more | ¥20.7B | 0.5% | 17.3% | — | ¥2.7B |
| 36▲1 | Amaze | ¥19.6B | 0.5% | 16.4% | +13.3% | -¥1.87B |
| 37▼1 | Sun Frontier FudousanHotel business and tourism business | ¥18.9B | 0.5% | 20.2% | +28.5% | -¥24.9B |
| 38▲1 | Relo GroupTourism Business | ¥16.4B | 0.4% | 26.5% | +11.9% | ¥15.5B |
| 39▲2 | Mie Kotsu Group HoldingsLeisure and service | ¥16.4B | 0.4% | 6.7% | +22.7% | -¥1.01B |
| 40 | startsHotel and Relaxation business | ¥16.4B | 0.4% | 15.7% | +38.3% | ¥518M |
| 41▼3 | IchigoHotels | ¥15.2B | 0.4% | 30.1% | — | -¥32.1B |
| 42 | Keisei Electric RailwayLeisure | ¥13.9B | 0.3% | 10.8% | +19.7% | -¥42.6B |
| 43 | Alpico HoldingsLeisure business | ¥12.7B | 0.3% | 4.9% | +19.6% | ¥1.16B |
| 44 | Abhotel | ¥12.3B | 0.3% | 39.8% | +18.0% | ¥2.94B |
| 45 | Toshohotel | ¥12.3B | 0.3% | 39.9% | +18.0% | ¥5.17B |
| 46▲2 | Wealth ManagementHotel Management | ¥10.4B | 0.3% | 22.7% | +62.2% | -¥25.6B |
| 47▼1 | Meiji Shipping GroupHotel and Hotel related business | ¥10.1B | 0.3% | -2.8% | +31.6% | ¥3.98B |
| 48▼1 | THE Kyoto Hotel | ¥9.77B | 0.2% | 11.3% | +23.0% | ¥1.32B |
| 49▲2 | Mirarth HoldingsOther | ¥9.23B | 0.2% | 2.5% | +33.6% | -¥26.8B |
| 50▼1 | AGORA Hospitality GroupLodgment business | ¥8.96B | 0.2% | 15.6% | +35.5% | ¥288.6M |
Showing the top 50. See all 96 in the list below
* FCF is company-wide (not disclosed by segment). CAGR covers the available years, up to five.
How they make money differently
Where each company's ¥100 of sales goes, and how much it keeps (company-wide).
- Cost of sales
- Operating costs
- SG&A
- Operating profit
- Central Japan Railway Company5941
- Hulic7426
- Oriental Land611524
- Fujita Kanko7817
- Mitsui Fudosan8515
- Kyushu Railway Company8515
- Keihan Holdings8515
- East Japan Railway Company8713
- Sotetsu Holdings8713
- Greens672013
- Resorttrust226711
- Tobu Railway8911
- Keio8911
- Tokyu9010
- Seibu Holdings919
- Kyoritsu Maintenance76159
- TKP58339
- Belluna37558
- Polaris Holdings888
- Nishi-Nippon Railroad94
- Kintetsu Group Holdings95
- Nagoya Railroad95
- Imperial Hotel96
- Fuji Media Holdings8121loss ¥2
- Universal Entertainment4261loss ¥3
Showing the 25 largest companies by revenue.
Ownership links
From the major-shareholder section of annual securities reports.
- ToshoIn industry
- SubsidiaryAbhotel52.8%
- Keihan HoldingsIn industry
- AffiliateKeifuku Electric Railroad43.2%
- StakeTHE Kyoto Hotel3.0%
- 大和ハウス工業株式会社Outside
- AffiliateCosmos Initia38.2%
- Mitsui FudosanIn industry
- AffiliateImperial Hotel33.2%
- AffiliateResol Holdings31.0%
- StakeOriental Land5.8%
- ＤＯＷＡホールディングス株式会社Outside
- AffiliateFujita Kanko31.8%
- StakeTokai Kisen6.8%
- Kyoritsu MaintenanceIn industry
- AffiliateCosmos Initia25.0%
- 川崎汽船株式会社Outside
- AffiliateRinko24.2%
- 株式会社セプテーニ・ホールディングスOutside
- Affiliateand factory21.3%
- コナミグループ株式会社Outside
- AffiliateResol Holdings20.4%
- Keisei Electric RailwayIn industry
- AffiliateOriental Landcross-held20.0%
- 双日株式会社Outside
- StakeRoyal Holdings20.0%
- 株式会社テレビ朝日ホールディングスOutside
- StakeToei Company19.4%
- Fujita KankoIn industry
- StakeTokai Kisen18.0%
- StakeWashington Hotel7.1%
- 株式会社ニチレイOutside
- StakeTHE Kyoto Hotel16.6%
- Nagoya RailroadIn industry
- StakeTosei15.5%
- 西部ガスホールディングス株式会社Outside
- Stakegreenland resort14.6%
- Kintetsu Group HoldingsIn industry
- StakeMie Kotsu Group Holdings14.1%
- Stakeorion breweries9.7%
- 東宝㈱Outside
- StakeFuji Media Holdings12.8%
- 日本駐車場開発株式会社Outside
- StakeKeifuku Electric Railroad9.5%
- Stakegreenland resort4.5%
- サンリン株式会社Outside
- StakeAlpico Holdings9.2%
- 株式会社バンダイナムコホールディングスOutside
- StakeToei Company8.0%
- 昭和産業株式会社Outside
- StakeYuasa Funashoku7.6%
- 光通信株式会社Outside
- StakeKawasaki&7.4%
- 王子ホールディングス株式会社Outside
- Stakekuribayashi steamship6.7%
The company on each card is a major shareholder of the companies listed under it (latest 'major shareholders' disclosure). 50%+ is labelled subsidiary and 20%+ affiliate, based on ownership alone. Stakes under 3% are omitted. Showing up to 24 shareholder cards.
Compare the leaders side by side
All companies in Hotels & Inns (by revenue)
All 96 companies in this industry, ranked by revenue in each company's latest fiscal year. For companies that belong through one business segment, the figure is that segment's revenue.
- East Japan Railway Company¥513.2B · 25.0%
- Kintetsu Group Holdings¥367.2B · 3.8%
- Seibu Holdings¥246.7B · 9.2%
- Mitsui Fudosan¥244.1B · 19.0%
- Resorttrust¥206.5B · 15.1%
- Fuji Media Holdings¥192.9B · 13.1%
- Tobu Railway¥188.7B · 9.8%
- Kyushu Railway Company¥151.5B · 22.7%
- Kyoritsu Maintenance¥149B · 14.1%
- Tokyu¥138.8B · 7.0%
- Central Japan Railway Company¥134.5B · 18.2%
- Oriental Land¥119B · 30.9%
- Nagoya Railroad¥106.2B · 3.2%
- Fujita Kanko¥80.6B · 17.2%
- Sotetsu Holdings¥75.1B · 21.9%
- Universal Entertainment¥65.4B · -10.9%
- Keio¥59.7B · 17.0%
- Imperial Hotel¥55.9B · 8.7%
- Nishi-Nippon Railroad¥54.2B · 11.8%
- Greens¥54B · 12.9%
- Hulic¥53.9B · 3.1%
- TKP¥52.2B · 12.9%
- Belluna¥49.1B · 17.4%
- Polaris Holdings¥48.4B · 10.5%
- Keihan Holdings¥43.9B · 15.4%
- Royal Holdings¥41.3B · 16.6%
- Nankai¥36.9B · 12.8%
- Tsukada Global Holdings¥31.3B · 13.9%
- Keikyu¥30.9B · 18.0%
- THE Royal Hotel¥29.3B · 4.0%
- Cosmos Initia¥29.1B · 31.6%
- Fuji Kyuko¥25.2B · 9.8%
- H.I.S.¥24.7B · 14.6%
- Washington Hotel¥24.2B · 15.8%
- Resol Holdings¥20.7B · 17.3%
- Amaze¥19.6B · 16.4%
- Sun Frontier Fudousan¥18.9B · 20.2%
- Relo Group¥16.4B · 26.5%
- Mie Kotsu Group Holdings¥16.4B · 6.7%
- starts¥16.4B · 15.7%
- Ichigo¥15.2B · 30.1%
- Keisei Electric Railway¥13.9B · 10.8%
- Alpico Holdings¥12.7B · 4.9%
- Abhotel¥12.3B · 39.8%
- Tosho¥12.3B · 39.9%
- Wealth Management¥10.4B · 22.7%
- Meiji Shipping Group¥10.1B · -2.8%
- THE Kyoto Hotel¥9.77B · 11.3%
- Mirarth Holdings¥9.23B · 2.5%
- AGORA Hospitality Group¥8.96B · 15.6%
- Anabuki Kosan¥7.73B · 1.3%
- Pasona Group¥7.36B · -20.3%
- Tosei¥7.14B · 39.4%
- Toei Company¥6.92B · 39.8%
- Hotel NEW Grand¥6.48B · 4.1%
- orion breweries¥5.79B · 11.9%
- Hamamatsu Photonics¥5.68B · 15.2%
- Nihon House Holdings¥4.14B · -9.0%
- Yuasa Funashoku¥3.73B · 39.6%
- Hanatour Japan¥3.26B · 25.5%
- Goldcrest¥3.25B · 15.3%
- Hokkaido Chuo BUS¥3.14B · 13.5%
- Kitano Construction¥2.93B · 15.3%
- Mars Group Holdings¥2.75B · 3.2%
- kuribayashi steamship¥2.51B · 1.6%
- Rinko¥2.45B · 5.8%
- CVS Bay Area¥2.22B · 9.4%
- Thermae-Yu Holdings¥2B · 24.7%
- greenland resort¥1.96B · 3.2%
- Okura Industrial¥1.87B · 25.3%
- First Brothers¥1.79B · -3.7%
- NiigataKotsu¥1.77B · 6.3%
- Vision¥1.59B · 11.1%
- Yamachuu¥1.37B · 22.1%
- FJ Next Holdings¥1.33B · -0.1%
- Striders¥1.31B · 7.5%
- Keifuku Electric Railroad¥1.21B · 15.5%
- Daiwa¥1.15B · -2.4%
- 株式会社サン・ライフホールディング¥1.12B · 1.1%
- Biken Techno¥978M · 33.2%
- Hiroshima Electric Railway¥864M · -3.0%
- Dive Group¥792.1M · 0.7%
- Azuma House¥738.5M · 6.8%
- Shin Nippon Biomedical Laboratories¥717.1M · -9.2%
- Izu Shaboten Resort¥703.1M · 3.5%
- Intrance¥695M · -12.3%
- Ocean System¥526M · -27.4%
- Metaplanet¥436M · 38.8%
- Washhouse¥402M · 6.2%
- Agratio urban design¥390.1M · -7.4%
- Arigatou Services¥362.6M · -56.4%
- Kawasaki&¥350.7M · -15.3%
- Tokai Kisen¥345.2M · 4.3%
- NEW ART Holdings¥266.6M · -43.8%
- Urbanet¥237.4M · 16.5%
- and factory¥119.1M · 23.5%
Revenue · Op. margin
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