ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Royal Holdings likely clinched eighth year of profit growth

Rising hotel guest numbers made up for weak restaurant sales

Royal Holdings' Richmond Hotel chain was voted No. 1 in a customer satisfaction survey.

TOKYO -- Royal Holdings likely missed its pretax profit forecast for the year ended in December yet managed to log growth for the eighth consecutive year, as the Japanese group's popular hotels supported its struggling restaurant business.

Group pretax profit apparently rose 4% to around 5.2 billion yen ($45.7 million) in 2016, while projections had called for a 12% increase to 5.6 billion yen.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more