Risk of lower operating rates due to the regional concentration of the hot-spring bathing and real estate businesses
First written in FY2021. 1 of 2 entries say "Restated". Latest entry: FY2023.
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- FY2023RestatedAnnual report
「The Group operates its businesses in the Tokyo metropolitan area. Accordingly, if an earthquake or other disaster occurs, or utilization rates decline due to market deterioration, in the Tokyo metropolitan area, the Group's business performance and financial condition may be affected.」
The company continued to disclose the geographic concentration of its hot-spring and real estate businesses in the Tokyo metropolitan area and the risk of lower utilization rates due to disasters or market deterioration. - FY2021First statedAnnual report
「The Group operates its hot-spring business from Shinjuku-ku, Tokyo. It also owns a building for real estate leasing in Minato-ku, Tokyo. If an earthquake or other disaster occurs, or utilization rates decline due to market deterioration, in either of these concentrated geographic areas, the Group's business performance and financial condition may be affected.」
The company disclosed for the first time the risk of lower utilization rates during disasters or market deterioration arising from the concentration of its hot-spring business and real estate leasing building in specific areas of Tokyo.