Risk of Dependence on a Single Business
First written in FY2024. 2 of 3 entries say "Restated". Latest entry: FY2026-H1.
The whole theme swung hardest in 2025: 22 of 57 companies on the "Worse" side.
47 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「The company operates a single segment, the fitness club operations business, and therefore segment information has been omitted.」
The company reiterates that the fitness club operations business is its single segment. - FY2025-H1RestatedAnnual report
「Because we operate a single segment, the fitness club operations business, segment information has been omitted.」
The company reiterates that the fitness club operations business is its single segment. - FY2024First statedAnnual report
「We operate a single business, the fitness club operations business, and have 3 primary sources of revenue: membership fees at company-operated locations, comprising company-operated sales; royalties and other income from franchises, comprising operating sales; and location development income, comprising development sales.」
Although the company has a single segment, it explains that it has 3 revenue sources: company-operated, operating and development revenue.