Komori
Mie Kotsu Group Holdings (3232) · InitiativeRestated

Response to Go To Travel and Local Government Tourism Recovery Support Measures

First written in FY2021-Q3. 4 of 9 entries say "Restated". Latest entry: FY2024-Q3.

9entries
4years
0from disclosures
Share on X
How it moved
ProgressHeldSoftenedWorseFirst statedFY2021-Q3 – FY2021WorsenedFY2022-Q3AdvancedFY2023-Q1 – FY2023-Q3RestatedFY2024-Q1 – FY2024-Q32021: 220212022: 320222023: 320232024: 1
Same theme, other companies
Government Demand-Stimulation Measures During the COVID-19 PandemicA theme 11 companies write about · 2 as a headwind · 9 as a tailwind

The whole theme swung hardest in 2021: 2 of 9 companies on the "Worse" side.

1 other company's latest entry also says "Restated".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
  1. FY2024-Q3RestatedAnnual report

    「In the travel business, operating revenue increased as the company captured higher individual demand resulting from tourism support measures and other initiatives, while also focusing on securing orders for group travel, for which demand was showing signs of recovery.」

    The company continues to capture individual demand generated by tourism support measures and other initiatives and group travel demand, which is showing signs of recovery.
  2. FY2024-Q2RestatedAnnual report

    「In the business hotel business, operating revenue increased as the company captured lodging demand generated by tourism support measures and other initiatives, resulting in increases in both occupancy rates and room rates.」

    The company has reconfirmed that it captured lodging demand generated by tourism support measures and other initiatives, resulting in higher revenue through increases in occupancy rates and room rates.
  3. FY2024-Q1RestatedAnnual report

    「In the business hotel business, operating revenue increased as government tourism support measures continued and tourism-related stays increased.」

    The company continues to report higher lodging demand and revenue against the backdrop of government tourism support measures.
  4. FY2023-Q3AdvancedAnnual report

    「In the travel business, operating revenue increased as the company captured demand arising from the implementation of tourism support measures.」

    The company captured travel demand by using tourism support measures, and operating revenue in the travel business increased 114.7% year on year.
  5. FY2023-Q2AdvancedAnnual report

    「In the ryokan business, operating revenue increased through the acceptance of school trips and the sale of plans suited to prefectural resident discount programs.」

    The company responded to tourism demand-stimulation measures by selling specific plans suited to prefectural resident discount programs, contributing to higher revenue in the ryokan business.
  6. FY2023-Q1AdvancedAnnual report

    「Operating revenue increased in the business hotel, Japanese-style inn, drive-in and ropeway businesses as restrictions on activities were lifted and the businesses worked to sell products for individual customers by using measures to stimulate tourism demand.」

    The company sold products for individuals using tourism demand-stimulation measures, contributing to higher operating revenue in the business hotel, ryokan, drive-in and aerial lift businesses.
  7. FY2022-Q3WorsenedAnnual report

    「In the ryokan and aerial lift (ropeway) businesses, we sought to attract customers through events and other initiatives while implementing thorough infection-control measures, but operating revenue declined due to the backlash from the GoTo Campaign and other factors.」

    Although the company attracted customers through infection-control measures and events, operating revenue from the ryokan and ropeway businesses declined due to the backlash from the GoTo Campaign and other factors.
  8. FY2021RestatedAnnual report

    「In our business hotel, ryokan, drive-in, aerial lift (ropeway) and travel businesses, we worked to secure earnings during the COVID-19 pandemic by planning products suited to tourism recovery support measures implemented by the national and local governments, including the GoTo Travel Campaign. However, operating revenue declined because facilities and stores were closed in response to declarations of a state of emergency and other measures, in addition to a decline in demand for business, leisure and group travel, including inbound travel, due to calls to refrain from going out.」

    The company describes throughout the fiscal year that, although it implemented product planning in response to tourism recovery support measures including GoTo Travel, revenue declined because of closures and lower demand.
  9. FY2021-Q3First statedAnnual report

    「In our business hotel, ryokan, drive-in, aerial lift and travel businesses, we worked to secure earnings by planning products suited to GoTo Travel and tourism recovery support measures implemented by local governments. However, operating revenue declined substantially due to the closure of facilities and stores following the declaration of a state of emergency issued in April 2020 and other measures.」

    For the first time, the company expressly identified product planning in response to GoTo Travel and local-government tourism recovery support measures as a measure to capture tourism demand and secure earnings.
Moved together

"Improving Operating Profit, Ordinary Profit and Net Income Despite Lower Revenue" moved the same way as this thread, in the same document, in 3 of its 9 moves.

332222★123456
  1. ★This thread
  2. 1Improving Operating Profit, Ordinary Profit and Net Income Despite Lower Revenue3×
  3. 2Ise-Shima Visitor Numbers and Dependence on External Factors3×
  4. 3Strategic Investment in Growth Sectors2×
  5. 4Expansion of the Leasing Business2×
  6. 5Redevelopment of Existing Buildings in the Nagoya Area and Facility Upgrades in Mie Prefecture2×
  7. 6Tokyu Hands and Restaurant Franchise Store Development2×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
Mie Kotsu Group Holdings's next results are scheduled for 2026-11-05. Read the earnings preview
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.