Declining occupancy due to fewer new residents
First written in FY2018-Q1. 7 of 11 entries say "Worsened", first in FY2018-Q2. Latest entry: FY2020-Q3.
Care Service moved to the "Worse" side of this theme in 2017.
0 other companies' latest entry also says "Mitigated".
- FY2020-Q3MitigatedAnnual report
「In this business, we strengthened locally focused sales activities and resident acquisition at our 4 existing facilities, resulting in higher revenue year on year and a return to segment profitability. The business was transferred on 1 December 2019. As a result, revenue for the cumulative third quarter of the consolidated fiscal year was ¥444 million, up 0.7% year on year, and segment profit was ¥18 million, compared with a segment loss of ¥6 million in the same period of the previous year.」
Following stronger sales activities and resident acquisition at the 4 existing facilities, segment results improved from a ¥6 million loss in the same period of the previous year to a ¥18 million profit. The business transfer was subsequently completed on 1 December 2019. - FY2020-Q2MitigatedAnnual report
「In this business, we strengthened locally focused sales activities and resident acquisition at our 4 existing facilities, resulting in higher revenue year on year and a return to segment profitability. As a result, revenue for the cumulative second quarter of the consolidated fiscal year was ¥327 million, up 14.3% year on year, and segment profit was ¥10 million, compared with a segment loss of ¥5 million in the same period of the previous year.」
Following stronger local sales activities and resident acquisition at the 4 existing facilities, revenue increased 14.3% year on year, and segment results changed from a ¥5 million loss to a ¥10 million profit, improving the deterioration in profitability associated with lower occupancy. - FY2020-Q1MitigatedAnnual report
「In this business, we strengthened locally focused sales activities and efforts to attract residents at our 4 existing facilities, resulting in higher revenue and improved profitability year on year. However, competition to attract residents in the areas where we operate facilities remained intense, resulting in an operating loss. As a result, revenue for the cumulative first quarter of the current consolidated fiscal year was ¥159 million (up 16.1% from the same quarter of the previous year), and the segment loss was ¥2 million (compared with a segment loss of ¥6 million in the same quarter of the previous year).」
Revenue and profitability improved as the company strengthened resident acquisition, reducing the segment loss from ¥6 million to ¥2 million. However, competition remains intense and an operating loss persists. - FY2019WorsenedAnnual report
「In this business, we have continued locally focused sales activities and efforts to attract residents; however, compared with the previous year, the number of new residents acquired declined and the occupancy rate fell. As a result, revenue for the current consolidated fiscal year was ¥591 million, up 6.7% year on year, and the segment loss was ¥13 million, compared with a zero segment loss in the previous year.」
The decline in the number of new residents and occupancy was also reported for the full fiscal year, and the segment loss was ¥13 million. - FY2019-Q3WorsenedAnnual report
「In this business, we have continued locally focused sales activities, but competition to attract residents in the areas where we operate facilities has continued to intensify. As a result, revenue for the cumulative third quarter of the current consolidated fiscal year was ¥441 million, up 4.9% from the same quarter of the previous year, while the segment loss was ¥6 million, compared with a zero segment loss in the same quarter of the previous year.」
Competition to acquire residents remained intense. Although revenue increased, the segment loss deteriorated from ¥0 million in the same period of the previous year to ¥6 million. - FY2019-Q2WorsenedAnnual report
「In this business, we have continued locally focused sales activities, but competition to attract residents in the areas where we operate facilities has continued to intensify. As a result, revenue for the cumulative second quarter of the current consolidated fiscal year was ¥286 million, up 2.2% from the same quarter of the previous year, while the segment loss was ¥5 million, compared with a ¥3 million segment loss in the same quarter of the previous year.」
Competition to acquire residents remained intense, and the service-supported housing for seniors business deteriorated from a ¥3 million loss in the same period of the previous year to a ¥5 million loss. - FY2019-Q1WorsenedAnnual report
「In this business, we have continued locally focused sales activities, but competition to attract residents in the areas where we operate facilities has continued to intensify. As a result, revenue for the cumulative first quarter of the current consolidated fiscal year was ¥137 million (down 2.0% from the same quarter of the previous year), and the segment loss was ¥6 million (compared with a segment loss of ¥5 million in the same quarter of the previous year).」
Competition to acquire residents remained intense, and the service-supported housing for seniors business recorded a 2.0% decrease in revenue and a segment loss of ¥6 million. - FY2018WorsenedAnnual report
「In the service-supported housing for seniors business, the number of new residents acquired declined and occupancy fell compared with the same period of the previous year. As a result, revenue for the consolidated fiscal year was ¥554 million, down 7.8% year on year, and operating profit was ¥3 million, down 90.6%.」
The decline in the number of new residents and occupancy continued for the full fiscal year, resulting in a 7.8% decrease in revenue and a 90.6% decrease in operating profit. - FY2018-Q3WorsenedAnnual report
「In this business, we have continued locally focused sales activities and efforts to attract residents; however, compared with the same quarter of the previous year, the number of new residents acquired declined and the occupancy rate fell. As a result, revenue for the cumulative third quarter of the current consolidated fiscal year was ¥420 million (down 7.3% from the same quarter of the previous year), and segment profit was ¥2 million (down 91.2% year on year).」
The number of new residents and occupancy continued to decline, with revenue down 7.3% year on year and segment profit down 91.2%. - FY2018-Q2WorsenedAnnual report
「In this business, we have continued locally focused sales activities and efforts to attract residents; however, compared with the same quarter of the previous year, the number of new residents acquired declined and the occupancy rate fell. As a result, revenue for the cumulative second quarter of the current consolidated fiscal year was ¥280 million (down 6.4% from the same quarter of the previous year), and the segment loss was ¥1 million (compared with segment profit of ¥12 million in the same quarter of the previous year).」
The number of new residents and occupancy continued to decline, resulting in a 6.4% year-on-year decrease in revenue and a deterioration from profit in the same period of the previous year to a ¥1 million segment loss. - FY2018-Q1MaterialisedAnnual report
「At Four Life, our brand in the service-supported housing business for older adults, the number of new residents acquired declined and the occupancy rate fell.」
The company identifies as a new business risk the actual decline in the number of new residents acquired and the resulting lower occupancy at “For Life,” its service-supported housing for seniors.