Financial Highlights

Accounts title FY2019
(Apr.2018 – Mar.2019)
FY2020
(Apr.2019 – Mar.2020)
FY2021
(Apr.2020 – Mar.2021)
Consolidated Non-C Consolidated Non-C Consolidated Non-C
Sales
(million)
5,084 557 5,451 693 2,972 403
Operating Income
(million)
△358 3 △181 86 △1,627 △44
Operating Income
(Hotel Dev. only)
(million)
△704 △205 △297 29 △1,685 △95
Net income
(million)
△2,960 △4,072 △191 △58 △2,101 △1,071
Net assets
(million)
842 540 651 482 △784 76

Message From CEO

Polaris Holdings was created by a fusion of the Star Asia Group, which manages high-quality real estate investments, and Polaris (former name: KachiKaihatsu), which runs multifaceted hotel operations. The most important feature is to achieve hotel operations that leverage the perspective of investment management. Our unique strength is that we operate hotels with an attitude of maximizing returns for our investors.

We will make full use of the real estate market research and analytical skills that the Star Asia Group has accumulated, various measures to increase real estate value, and a highly specialized workforce to create stable and large returns. This is where we have placed the main focus. We have defied conventional wisdom by creating a strong profit structure that is always aware of ROE, and by slimming down operational costs while maintaining the quality of services in the hotel management business, which is generally low margin with high turnover.

We operate three hotel brands including “Best Western”, a global brand with more than 4200 hotels worldwide, the new “KOKO HOTEL” business hotel brand, which will continue to evolve after opening in major cities such as Tokyo, Sapporo, and Fukuoka in 2020, and “Value The Hotel”, a hotel for medium to long-term stays at roadside locations in the Tohoku area. In addition to the conventional MC contracts (hotel management consignment contracts), we are embarking on a new operational style that hedges downside risk.

Another strong point is that we make swift investment decisions by leveraging the advantage of having access to a select group of specialists. In order to operate the numerous excellent hotel properties with the potential to be highly profitable in the future, we will realize hotel operations that set us apart from others by collaborating with the Star Asia Group with its abundant experience and professional staff for managing real estate investments.

Polaris Holdings Co., Ltd.
President & CEO
Atsuo Umeki

Stock Overview

Securities code3010 (TSE)
Stock listingsThe 2nd section of the Tokyo Stock Exchange, Japan
Fiscal year endMarch 31
Dividend payout confirmation dateMarch 31
Number of shares per unit100 shares
Number of shares issued56,986,369
Total number of authorized shares214,000,000
Number of shareholders8,607 shareholders
Transfer AgentMitsubishi UFJ Trust and Banking Corporation

Financial Results

FY2020(period ending March,2020)