Profitability and Investment Payback Criteria for New Clubs
First written in FY2016. 2 of 8 entries say "Restated". Latest entry: 2026-11-10.
Renaissance moved to the "Worse" side of this theme in 2020.
2 other companies' latest entry also says "Advanced".
- 2026-11-10AdvancedEarnings presentation materials
「投資全般の意思決定プロセスを見直し、新たな審議体制の運用を開始」
投資判断について、新たな審議体制の運用開始という具体的な管理プロセスの変更が示された。 - FY2026ReframedAnnual report
「Review of staffing and rigorous cost management at unprofitable facilities, and stricter investment criteria」
In addition to the previous criteria for new openings, the 2026-2030 Medium-Term Management Plan has been restructured around addressing unprofitable facilities, tightening investment criteria and discontinuing low-profitability areas. - 2026-06-03AdvancedGeneral Meeting of Shareholders
「Review of staffing and rigorous cost management at unprofitable facilities, and stricter investment criteria」
新計画において、不採算施設のコスト管理と投資基準の厳格化を具体的な収益性回復策として掲げた。 - FY2025ReframedAnnual report
「In deciding whether to open new locations or renew facility contracts, we will apply an ROIC perspective suited to our business and manage the business with an awareness of the cost of capital.」
The wording has been reframed from the previous specific criteria of a 10% profit margin and a payback period of no more than 10 years to a decision-making framework emphasizing ROIC and the cost of capital. - FY2020SoftenedAnnual report
「For new openings, we prepare profit-and-loss plans and conduct a detailed review against certain criteria for recovering invested capital, deciding to proceed only with projects that will reliably contribute to business growth.」
The specific criteria previously stated, namely an ordinary profit margin on sales of at least 10% and a payback period of no more than 10 years, are not presented in this filing; instead, the filing refers to “certain criteria.” - FY2019RestatedAnnual report
「For new comprehensive sports club openings, we determine whether to proceed based on criteria including an ordinary profit margin on sales of at least 10% in the fiscal year three years after opening and a payback period of no more than 10 years from opening. The profit-and-loss plans for new locations are also prepared in line with these criteria.」
The criteria for deciding whether to open new comprehensive sports clubs are reiterated as an ordinary profit margin of at least 10% and a payback period of no more than 10 years. - FY2017RestatedAnnual report
「For new club openings, we determine whether to proceed based on criteria including an ordinary profit margin on sales of at least 10% in the fiscal year three years after opening and a payback period of no more than 10 years from opening. The profit-and-loss plans for new locations are also prepared in line with these criteria.」
The profitability and payback criteria for new openings are reiterated with the same figures and time limit. - FY2016First statedAnnual report
「We determine whether to open a new location based on criteria including an ordinary profit margin on sales of at least 10% in the fiscal year three years after opening and a payback period of no more than 10 years from opening. The profit-and-loss plans for new locations are also prepared in line with these criteria.」
Profit margin and payback period are set numerically as criteria for deciding whether to open new locations.