Dependence on the Tokyo metropolitan area and the meeting room rental business
First written in FY2017. 3 of 4 entries say "Restated". Latest entry: FY2020-Q3.
No other company in this theme has enough history to compare yet.
- FY2020-Q3RestatedAnnual report
「At present, the majority of the group's sales comes from meeting-room rental and banquet-hall operating services. The group also operates a sales structure dependent on demand for these meeting rooms in the Tokyo metropolitan area, where companies are concentrated.」
Even after adding businesses such as rental offices, meeting rooms and banquet halls remain the main sources of sales, and the company reconfirms its recognition of the risk that dependence on the Tokyo metropolitan area will continue. - FY2020-Q2RestatedAnnual report
「At present, the majority of the group's sales comes from meeting-room rental and banquet-hall operating services. The group also operates a sales structure dependent on demand for these meeting rooms in the Tokyo metropolitan area, where companies are concentrated.」
Even after adding businesses such as rental offices, meeting rooms and banquet halls remain the main sources of sales, and the company reconfirms the risk of continued dependence on the Tokyo metropolitan area. - FY2018RestatedAnnual report
「At present, the majority of the group's sales comes from meeting-room rental and banquet-hall operating services. The group also operates a sales structure dependent on demand for these meeting rooms in the Tokyo metropolitan area, where companies are concentrated.」
The company reconfirms the risk of dependence on meeting-room rental and banquet-hall operating services and on the Tokyo metropolitan area for sales. - FY2017First statedAnnual report
「At present, meeting-room rental services account for the majority of the group's sales. The group also operates a sales structure dependent on demand for these meeting rooms in the Tokyo metropolitan area, where companies are concentrated, comprising Tokyo, Kanagawa, Chiba and Saitama prefectures. This area accounted for 54.8% of consolidated sales in the 12th fiscal year.」
The company states that market contraction, lower fees, narrower margins and disasters in the Tokyo metropolitan area could affect its results.