Pressure on Wedding Business Profit from Opening Costs
First written in FY2017-Q3. 4 of 8 entries say "Restated". Latest entry: FY2024-Q1.
IKK Holdings moved to the "Worse" side of this theme in 2019, 1 year after the typical company in this theme (2018).
The whole theme swung hardest in 2026: 4 of 7 companies on the "Worse" side.
3 other companies' latest entry also says "Restated".
- FY2024-Q1RestatedAnnual report
「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The company states that there has been no significant change in the risk of pre-opening costs weighing on profit in the wedding business. - FY2020-Q1MaterialisedAnnual report
「The company recorded an operating loss of ¥1 million, compared with operating profit of ¥55 million in the same quarter of the previous year, due to higher personnel costs and the opening costs of La La Chance Garden Tokyo Bay (Tokyo Branch).」
Pre-opening costs for a new location actually arose at the Tokyo Branch and became a factor behind an operating loss in the wedding business. - FY2019-Q2MaterialisedAnnual report
「Operating profit was ¥399 million, down 18.1% year on year, due to higher personnel costs and the opening costs of La La Chance KOBE (Kobe Branch), among other factors.」
Following the Osaka Branch, pre-opening costs for a new location also actually arose at the Kobe Branch and became a factor behind the decline in operating profit in the wedding business. - FY2018RestatedAnnual report
「Despite the occurrence of pre-opening costs for “Castle Garden OSAKA” (Osaka Branch) and increases in personnel expenses, operating profit was ¥2,026 million, up 14.6% year on year.」
The company continues to state that pre-opening costs for the Osaka Branch are a factor weighing on profit, but the wedding business posted an increase in operating profit. - FY2018-Q2RestatedAnnual report
「Operating profit was ¥487 million, down 28.0% year on year, due to the opening costs of Castle Garden OSAKA (Osaka Branch) and higher personnel costs, among other factors.」
The company continues to state that pre-opening costs for new locations are a factor weighing on profit in the wedding business. - FY2018-Q1MaterialisedAnnual report
「Operating profit was ¥45 million, down 87.7% year on year, due to the opening costs of Castle Garden OSAKA (Osaka Branch) and higher personnel costs, among other factors.」
Pre-opening costs for a new location actually arose and became a factor behind the decline in operating profit in the wedding business, having previously been disclosed as a risk. - FY2017RestatedAnnual report
「Although the number of weddings held at existing locations increased, revenue was ¥17,383 million, up 1.0% year on year, while operating profit was ¥1,767 million, down 19.0%, due to the opening costs of new locations and higher personnel expenses and other costs.」
The company continues to state that pre-opening costs for new locations are a factor weighing on profit in the wedding business. - FY2017-Q3First statedAnnual report
「Although the number of ceremonies held at existing venues increased, revenue rose 1.2% year on year to ¥12,483 million, while operating income declined 26.7% to ¥1,119 million due to higher personnel and other costs and the incurrence of opening costs.」
Opening costs were identified for the first time as a factor reducing operating income in the wedding business. The amount of opening costs was not disclosed.