Financial Projections

60-Month Revenue Forecast

¥180M booked Jan–May 2026 — ¥90M paid in cash, ¥90M on 36-month installment plans (first invoice 15 Apr 2026 → collections begin May 2026). The cash inflows (cash sales + ¥10M Feb 2026 soft-opening trial revenue) covered hotel operating expenses from Jan 2026 with the smaller leftover (~¥30M) deployed as capex through Apr 2026. From Jun 2026, ¥100M opening month compounding at 30% MoM until ¥8.8B (ex-VAT) total book sales — each new cohort collected over 36 months. Hotel operating expenses (¥162M/year) sourced from the Niseko 860sqm income & expense forecast.

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Path to Cash Flow Positive
Once we accumulate approximately ¥600M in additional customer payables, HOTELA's cash flow becomes positive.

Adjustable Parameters

Total Sales Target
¥8.8B
Building 1 • Niseko Towers (ex-VAT)
Cumulative Cash (Month 60)
¥9.1B
Including hotel revenue
Total Operating Outflows
¥1.9B
Hotel OpEx (¥162M/yr from Jan 2026) + 10% sales/admin + ~¥30M capex
Break-Even Month
Month 14
Positive cumulative cash flow

Sales vs Cash Flow Analysis

Monthly progression over 60 months

Monthly Sales
Cash In
Hotel Revenue
Hotel OpEx
Capex (~¥30M Jan–Apr 2026)

Cumulative Financial Position

Running totals including operating outflows

Cumulative Revenue
Net Position (After OpEx)

Monthly Financial Breakdown

Detailed cash flow projections — first 24 months from Mar 2026

Month Period New Sales Cash Collected Hotel Revenue Hotel OpEx Capex Total Cash In Operating Outflows Net Cash Flow Cumulative