Risk of Poor Customer Acceptance of Content Investments and Failure to Meet New-Opening Plans
First written in FY2020-Q2. 1 of 2 entries say "Restated". Latest entry: FY2020-Q3.
3 other companies' latest entry also says "Restated".
- FY2020-Q3RestatedAnnual report
「The Group has positioned “Entertainment as Infrastructure” as its medium-term management vision and is making various investments, including content development, to make karaoke rooms places that offer unprecedented ways to enjoy entertainment. However, if customers do not accept these investments as intended, the performance of the karaoke business could be affected. We develop properties and open locations based on annual opening plans and our opening criteria. If we cannot secure properties meeting those criteria, causing the number of openings to diverge from the plan, or if new locations do not perform as planned, the performance of the karaoke business could be affected.」
「エンタメをインフラに」に基づくコンテンツ投資の受容不全、物件確保不能、出店計画との乖離、新規店舗の業績未達リスクを継続している。 - FY2020-Q2First statedAnnual report
「The Group has positioned “Entertainment as Infrastructure” as its medium-term management vision and is making various investments, including content development, to make karaoke rooms places that offer unprecedented ways to enjoy entertainment. However, if customers do not accept these investments as intended, the performance of the karaoke business could be affected. We develop properties and open locations based on annual opening plans and our opening criteria. If we cannot secure properties meeting those criteria, causing the number of openings to diverge from the plan, or if new locations do not perform as planned, the performance of the karaoke business could be affected.」
The company identifies the risk that investments in content may not be accepted by customers and that property shortages, deviations from opening plans or poor new-location performance may affect results.