Revenue decline and loss in Other Businesses due to the closure of Nibukawa Seseragi Koryukan for renovations
First written in FY2020-Q3. 3 of 8 entries say "Worsened", first in FY2020. Latest entry: FY2022.
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- FY2022RestatedAnnual report
「In addition to facilities that had been closed in the previous fiscal year to prevent the spread of COVID-19, facilities that began operations during the previous fiscal year contributed to the increase in revenue for the current fiscal year. However, some facilities also had periods of closure during the current fiscal year in compliance with requests from administrative authorities.」
The reopening of closed facilities and the commencement of operations at new facilities contributed to higher revenue, while some facilities continued to suspend operations at the request of administrative authorities. - FY2022-Q3MitigatedAnnual report
「In addition to facilities that had been closed in the previous fiscal year to prevent the spread of COVID-19, facilities that began operations during the previous fiscal year contributed to the increase in revenue for the current fiscal year. However, some facilities also had periods of closure during the current fiscal year in compliance with requests from administrative authorities. As a result, revenue was ¥227.500 million, up 58.3% year on year, and the segment loss (operating loss) was ¥88.238 million, compared with a segment loss (operating loss) of ¥91.717 million in the same period of the previous year.」
The reopening of facilities that had been closed in the previous fiscal year and the commencement of operations at other facilities contributed to higher revenue, and the operating loss in the Regional Revitalization Business narrowed from the same period of the previous year. However, some facilities continued to suspend operations at the request of administrative authorities. - FY2022-Q2MitigatedAnnual report
「Facilities that were closed in the previous fiscal year to prevent the spread of COVID-19, as well as facilities that began operations during the previous fiscal year, contributed to the increase in revenue for the current fiscal year. Some facilities also closed in compliance with requests from administrative authorities. As expenses increased, including labor costs, revenue was ¥142.223 million, up 82.3% year on year, and the segment loss (operating loss) was ¥58.008 million, compared with a segment loss (operating loss) of ¥69.799 million in the same period of the previous year.」
Facilities that were closed in the previous fiscal year and other facilities contributed to the increase in revenue, reducing the Other Business operating loss from the same period of the previous year. However, some facilities continued to suspend operations at the request of administrative authorities, and losses remained due to higher labor and other costs. - FY2022-Q1MitigatedAnnual report
「Facilities that were closed in the previous fiscal year to prevent the spread of COVID-19, as well as facilities that began operations during the previous fiscal year, contributed to the increase in revenue for the current fiscal year.」
The disclosure states that facilities closed in the previous fiscal year contributed to the increase in revenue for the current fiscal year, and the risk of revenue declines from closures of 鈍川せせらぎ交流館 and other facilities has eased from the previous fiscal year. Meanwhile, the Other Business continues to report operating losses due to higher labor and other costs. - FY2021-Q3WorsenedAnnual report
「During the nine-month period ended 31 December, operations at 4 facilities in Seiyo City began in April, and the related initial investment costs were recorded. In addition, the 4 Seiyo City facilities and 鈍川せせらぎ交流館 were forced to suspend operations from late April through the end of May in compliance with requests from local governments to prevent the spread of COVID-19. As a result, revenue was ¥143.679 million, up 81.2% year on year, while the segment loss (operating loss) was ¥91.717 million, compared with a segment loss (operating loss) of ¥2.837 million in the same period of the previous year.」
Revenue increased following the start of operations at 4 facilities in Seiyo City, but the operating loss widened to ¥91.717 million due to initial investment costs and the impact of temporary closures, compared with ¥2.837 million in the same period of the previous year. - FY2021-Q2WorsenedAnnual report
「During the cumulative second quarter, we began operating four facilities in Seiyo City in April and recorded the related initial investment costs. In addition, the four Seiyo City facilities and Nukagawa Seseragi Exchange Center were forced to suspend operations from late April through the end of May in compliance with local government requests to close facilities to prevent the spread of COVID-19. As a result, revenue was ¥78 million, up 33.5% year on year, and the segment loss (operating loss) was ¥69 million, compared with segment profit (operating profit) of ¥0 million in the same quarter of the previous year.」
Operations at facilities including 鈍川せせらぎ交流館 remained suspended, and the Other Business deteriorated from an operating profit of ¥0.220 million in the same period of the previous year to an operating loss of ¥69.799 million. - FY2020WorsenedAnnual report
「鈍川せせらぎ交流館 was closed from September through mid-January for building and equipment renovations and other work, resulting in revenue of ¥101.704 million and a segment loss (operating loss) of ¥7.034 million.」
The closure period was extended from the September-to-November period stated in the previous quarter through mid-January, resulting in a full-year operating loss of ¥7.034 million. - FY2020-Q3MaterialisedAnnual report
「鈍川せせらぎ交流館 was closed from September through November for renovations to its buildings and equipment, resulting in revenue of ¥79.291 million and a segment loss (operating loss) of ¥2.837 million.」
鈍川せせらぎ交流館 was actually closed from September through November for building and equipment renovations, resulting in revenue of ¥79.291 million and a segment loss of ¥2.837 million in the Other Business.