Decline in Sports Club Membership Due to Facility Suspensions and Competitor Openings
First written in FY2019-Q1. 1 of 3 entries say "Materialised", first in FY2019-Q1. Latest entry: FY2019-Q3.
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- FY2019-Q3RestatedAnnual report
「In Other Businesses, we operate sports clubs. Regarding performance, repairs requiring the temporary closure of the pool at the Joyful Athletic Club Tsuchiura location and a decline in membership due to openings by other competitors caused revenue to decrease by ¥85 million from the same quarter of the previous year to ¥1.231 billion, down 6.5% year on year.」
The decline in membership due to pool repairs at the Tsuchiura location and competitor openings continued, and sports club revenue decreased 6.5% year on year. - FY2019-Q2WorsenedAnnual report
「In Other Businesses, we operate sports clubs. Regarding performance, repairs requiring the temporary closure of the pool at the Joyful Athletic Club Tsuchiura location and a decline in membership due to openings by other competitors caused revenue to decrease by ¥76 million from the same quarter of the previous year to ¥807 million, down 8.7% year on year.」
The decline in membership due to pool repairs at the Tsuchiura location and competitor openings continued, and the year-on-year decline in sports club revenue widened from 8.1% in the previous quarter to 8.7%. - FY2019-Q1MaterialisedAnnual report
「In Other Businesses, we operate 3 sports clubs. At the Tsuchiura location, repairs requiring the temporary closure of the pool and a decline in membership due to competitor openings caused revenue to decrease by ¥36 million from the same quarter of the previous year to ¥412 million, down 8.1% year on year.」
Membership declined due to the temporary closure of the pool for repairs at the Tsuchiura location and competitor openings, resulting in an 8.1% year-on-year decline in sports club revenue.