Improving bridal profitability by capturing corporate party demand
First written in FY2018-Q1. 4 of 19 entries say "Restated". Latest entry: FY2023.
0 other companies' latest entry also says "Other".
- FY2023Revenue growth and narrower operating lossAnnual report
「Although there were some signs of recovery in the number of wedding ceremonies held and the order backlog compared with the same period of the previous year, the business was significantly affected by the spread of COVID-19. As a result, revenue from the bridal business was ¥322 million, up 25.1% year on year, while the operating loss was ¥56 million, compared with an operating loss of ¥63 million in the same period of the previous year.」
With the number of wedding ceremonies held and the order backlog showing signs of recovery, revenue increased 25.1%, and the operating loss narrowed from ¥63 million to ¥56 million. - FY2023-Q3Higher revenue, wider operating lossAnnual report
「Although there were some signs of recovery in the number of wedding ceremonies held and the order backlog compared with the same period of the previous year, the business was significantly affected by the spread of COVID-19. As a result, revenue from the bridal business was ¥232 million, up 28.5% year on year, while the operating loss was ¥52 million, compared with an operating loss of ¥34 million in the same period of the previous year.」
Although the number of wedding ceremonies held and the order backlog showed signs of recovery, revenue increased 28.5%, while the operating loss widened from ¥34 million to ¥52 million. - FY2023-Q2Higher revenue, wider operating lossAnnual report
「Although there were some signs of recovery in the number of wedding ceremonies held and the order backlog compared with the same period of the previous year, the business was affected by the spread of COVID-19. As a result, revenue from the bridal business was ¥156 million, up 60.4% year on year, while the operating loss was ¥42 million, compared with an operating loss of ¥24 million in the same period of the previous year.」
Although the number of wedding ceremonies held and the order backlog showed some signs of recovery, revenue increased 60.4%, while the operating loss widened from ¥24 million to ¥42 million. - FY2023-Q1Higher revenue but a wider operating lossAnnual report
「There were some signs of recovery in the number of weddings held and outstanding orders compared with the same quarter of the previous year, but the business was affected by COVID-19. As a result, revenue in the bridal business was ¥93 million, up 60.9% year on year, and the operating loss was ¥16 million, compared with an operating loss of ¥11 million in the same quarter of the previous year.」
There were signs of recovery in weddings held and outstanding orders, and revenue increased 60.9% year on year, but the operating loss widened from ¥11 million to ¥16 million. - FY2022Continued signs of recovery in bridal demand and narrower lossesAnnual report
「There were some signs of recovery in the number of weddings held and outstanding orders compared with the same quarter of the previous year, but the business was affected by the spread of COVID-19. As a result, revenue in the bridal business was ¥257 million, down 3.1% year on year, and the operating loss was ¥63 million, compared with an operating loss of ¥109 million in the same quarter of the previous year.」
There were signs of recovery in weddings held and outstanding orders, while revenue declined. The operating loss narrowed from ¥109 million to ¥63 million. - FY2022-Q3RestatedAnnual report
「There were some signs of recovery in the number of weddings held and outstanding orders compared with the same quarter of the previous year, but the business was significantly affected by the spread of COVID-19. As a result, revenue in the bridal business was ¥180 million, down 14.8% year on year, and the operating loss was ¥34 million, compared with an operating loss of ¥80 million in the same quarter of the previous year.」
There were some signs of recovery in weddings held and outstanding orders, but revenue declined 14.8% year on year. The operating loss narrowed from ¥80 million to ¥34 million. - FY2022-Q2Continued signs of recovery in bridal demand and narrower lossesAnnual report
「There were some signs of recovery in the number of weddings held and outstanding orders compared with the same quarter of the previous year, but the business was significantly affected by the spread of COVID-19. As a result, revenue in the bridal business was ¥97 million, down 7.6% year on year, and the operating loss was ¥24 million, compared with an operating loss of ¥60 million in the same quarter of the previous year.」
There were some signs of recovery in weddings held and outstanding orders, but revenue declined 7.6% year on year. The operating loss narrowed from ¥60 million to ¥24 million. - FY2022-Q1Signs of recovery in bridal demand; narrower lossAnnual report
「There were some signs of recovery in the number of weddings held and outstanding orders compared with the same quarter of the previous year, but the business was significantly affected by the spread of COVID-19. As a result, revenue in the bridal business was ¥58 million, up 4.7% year on year, and the operating loss was ¥11 million, compared with an operating loss of ¥25 million in the same quarter of the previous year.」
There were some signs of recovery in weddings held and outstanding orders, and the bridal business posted higher revenue while narrowing its operating loss from ¥25 million to ¥11 million. The impact of COVID-19 continued, however. - FY2021WorsenedAnnual report
「The number of weddings held declined because weddings were postponed and other effects occurred amid the spread of COVID-19. As a result, revenue in the bridal business was ¥265 million, down 65.2% year on year, and the operating loss was ¥109 million, compared with operating income of ¥4 million in the same quarter of the previous year.」
The decline in weddings held due to postponements and other effects continued throughout the fiscal year. Revenue fell 65.2% to ¥265 million, and operating results swung from income of ¥4 million to a loss of ¥109 million. - FY2021-Q3WorsenedAnnual report
「The number of weddings held declined because weddings were postponed and other effects occurred amid the spread of COVID-19. As a result, revenue in the bridal business was ¥212 million, down 62.2% year on year, and the operating loss was ¥80 million, compared with operating income of ¥1 million in the same quarter of the previous year.」
The decline in weddings held continued because of postponements and other effects, and revenue in the bridal business was ¥212 million with an operating loss of ¥80 million. - FY2021-Q2WorsenedAnnual report
「The number of weddings held declined because weddings were postponed and other effects occurred amid the spread of COVID-19. As a result, revenue in the bridal business was ¥105 million, down 68.3% year on year, and the operating loss was ¥60 million, compared with an operating loss of ¥8 million in the same quarter of the previous year.」
The number of weddings held declined because of postponements and other effects, resulting in a 68.3% year-on-year decline in bridal-business revenue and an operating loss of ¥60 million. The loss widened. - FY2021-Q1Decline in weddings due to the impact of COVID-19Annual report
「③ Bridal business The number of weddings held declined because weddings were postponed and other effects occurred amid the spread of COVID-19. As a result, revenue in the bridal business was ¥55 million, down 67.8% year on year, and the operating loss was ¥25 million, compared with an operating loss of ¥0 million in the same quarter of the previous year.」
The number of weddings held declined because of postponements and other effects resulting from the spread of COVID-19, and revenue in the bridal business fell 67.8% year on year to an operating loss of ¥25 million. - FY2020AdvancedAnnual report
「As a result, revenue in the bridal business was ¥764 million, up 16.1% year on year, and operating income was ¥4 million, compared with an operating loss of ¥19 million in the same quarter of the previous year.」
Revenue in the bridal business was ¥764 million, up 16.1% year on year, and the business returned to profitability, with operating income of ¥4 million compared with an operating loss of ¥19 million. - FY2020-Q3Higher revenue and return to profitabilityAnnual report
「The Company worked to increase orders, primarily at “LA ETERNITA (ラ・エテルニータ),” a restaurant wedding venue in the annex of Nagoya Lucent Tower (Nishi-ku, Nagoya) that was renovated in the previous consolidated fiscal year. As a result, revenue in the bridal business was ¥560 million, up 13.5% year on year, and operating income was ¥1 million, compared with an operating loss of ¥14 million in the same quarter of the previous year.」
The Company worked to increase orders, primarily at the renovated LA ETERNITA. Revenue in the bridal business increased 13.5% year on year, and operating income was ¥1 million, resulting in a return to profitability. - FY2020-Q2RestatedAnnual report
「The Company worked to increase orders, primarily at “LA ETERNITA (ラ・エテルニータ),” a restaurant wedding venue in the annex of Nagoya Lucent Tower (Nishi-ku, Nagoya) that was renovated in the previous consolidated fiscal year. As a result, revenue in the bridal business was ¥333 million, up 3.1% year on year, and the operating loss was ¥8 million, compared with an operating loss of ¥13 million in the same quarter of the previous year.」
The Company worked to increase orders, primarily at the renovated LA ETERNITA. The bridal business posted higher revenue, and the operating loss narrowed from the same quarter of the previous year. - FY2020-Q1Increase in weddings; slight decline in corporate banquetsAnnual report
「The Company worked to increase orders, primarily at “LA ETERNITA (ラ・エテルニータ),” a restaurant wedding venue in the annex of Nagoya Lucent Tower (Nishi-ku, Nagoya) that was renovated in the previous consolidated fiscal year. As a result, the number of weddings increased, but partly because corporate banquets declined slightly in the first quarter, revenue in the bridal business was ¥172 million, down 3.3% year on year, and the operating loss was ¥0 million, compared with operating income of ¥0 million in the same quarter of the previous year.」
The Company worked to increase orders, primarily at the renovated LA ETERNITA, and the number of weddings increased. Corporate banquets declined slightly, however, resulting in lower revenue and an operating loss in the bridal business. - FY2018-Q3RestatedAnnual report
「The Company sought to capture corporate party demand by leveraging the advantages of the views and location, but the number of weddings at “LUCENT Mariage Tower (ルーセントマリアージュタワー)” declined slightly.」
Efforts to capture corporate party demand by leveraging the advantages of the views and location continued, but the slight decline in the number of weddings persisted. - FY2018-Q2RestatedAnnual report
「The Company sought to capture corporate party demand by leveraging the advantages of the views and location, but the number of weddings at “LUCENT Mariage Tower (ルーセントマリアージュタワー)” declined slightly.」
Measures to capture corporate party demand by leveraging the advantages of the views and location continued, but the number of weddings declined slightly. - FY2018-Q1First statedAnnual report
「For LUCENT Mariage Tower (ルーセントマリアージュタワー), the number of weddings declined slightly, but the company sought to improve profitability by leveraging the site's superior views and location to capture demand for corporate parties.」
Amid a decline in the number of weddings, measures were described to improve earning power by leveraging the advantages of the views and location to capture corporate party demand.