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Value Golf (3931) · FactWorsened

The travel business turns profitable as travel demand recovers

First written in FY2024-Q1. 8 of 12 entries say "Advanced", first in FY2024-Q2. Latest entry: 2026-09-14.

12entries
4years
3from disclosures
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How it moved
ProgressHeldSoftenedWorseAdvancedFY2024-Q2 – 2026-06-122023: 320232024: 320242025: 120252026: 52026
Same theme, other companies
Deterioration in performance after the Travel Business turned profitableA theme 1 companies write about · 0 as a headwind · 0 as a tailwind

No other company in this theme has enough history to compare yet.

Full recordFilings, disclosures and news, newest first
  1. 2026-09-14WorsenedEarnings

    「Net sales were ¥355.521 million, down 15.2% year on year, and operating profit was ¥22.335 million, down 18.9%.」

    The Travel business reported lower sales and profit year on year, deteriorating from the growth trend through the previous fiscal year.
  2. FY2027-H1WorsenedAnnual report

    「As a result, revenue was ¥355.521 million, down 15.2% year on year, and operating income was ¥22.335 million, down 18.9% year on year.」

    The travel business posted lower revenue and operating income year on year, deteriorating from the growth trend that had continued through the previous fiscal year.
  3. FY2026AdvancedAnnual report

    「Revenue in the travel business was ¥664.953 million, up 28.7% year on year, while operating income was ¥41.930 million, up 8.4% year on year.」

    The travel business posted higher revenue and operating income for the full year, continuing its expansion in both.
  4. FY2026-H1AdvancedAnnual report

    「As a result, revenue was ¥419.367 million, up 45.6% year on year, and operating income was ¥27.536 million, up 13.4% year on year.」

    The travel business posted a 45.6% year-on-year increase in revenue and a 13.4% increase in operating income, reflecting progress in the recovery of travel demand and the shift toward higher value-added services.
  5. FY2025-H1AdvancedAnnual report

    「As a result, revenue was ¥287.934 million, up 88.0% year on year, and operating income was ¥24.269 million, up 162.1% year on year.」

    The travel business posted substantial increases in both revenue and operating income for the cumulative interim period, with revenue up 88.0% and operating income up 162.1%.
  6. FY2025-Q1AdvancedAnnual report

    「As a result, revenue was ¥181.576 million, up 145.6% year on year, and operating income was ¥23.877 million, up 591.5% year on year.」

    The travel business posted substantial increases in both revenue and operating income, with revenue up 145.6% year on year and operating income up 591.5%.
  7. FY2024AdvancedAnnual report

    「Revenue in the travel business was ¥309.741 million, down 6.1% year on year, while operating income was ¥21.564 million, up 40.0% year on year.」

    The travel business posted lower revenue but operating income increased 40.0% year on year, indicating progress in the recovery of travel demand and improved profitability.
  8. FY2024-Q3AdvancedAnnual report

    「As a result, revenue was ¥228.472 million, down 3.1% year on year, and operating income was ¥9.463 million, up 456.1% year on year.」

    Revenue in the travel business fell 3.1% year on year, while operating income increased 456.1% year on year to ¥9.463 million, indicating continued profit growth after the business turned profitable.
  9. FY2024-Q2AdvancedAnnual report

    「As a result, revenue was ¥153.100 million, down 9.6% year on year, and operating income was ¥9.257 million, up 43.7% year on year.」

    Revenue in the travel business fell 9.6% year on year, while operating income increased 43.7% year on year to ¥9.257 million, demonstrating continued profit growth after the business turned profitable.
  10. FY2024-Q1First statedAnnual report

    「As a result, revenue was ¥73.918 million, down 2.4% year on year, and operating income was ¥3.452 million, compared with an operating loss of ¥58 thousand in the same period of the previous year.」

    The travel business moved from an operating loss in the same period of the previous year to operating income. Revenue fell 2.4% year on year, but the business became profitable as travel demand recovered.
Moved together

"Service Expansion Through the Acquisition and Subsidiarization of 株式会社ジープ" moved the same way as this thread, in the same document, in 9 of its 12 moves.

988887★123456
  1. ★This thread
  2. 1Service Expansion Through the Acquisition and Subsidiarization of 株式会社ジープ9×
  3. 2Expansion in the number of golf courses contracted with "1-Person Reservation Land" and the number of people making reservations8×
  4. 3Expanding awareness and the membership base of “1人予約ランド” (single-player golf reservation service)8×
  5. 4Increase in Japanese Outbound Travelers and Visitors to Japan8×
  6. 5Transition from a low-margin, high-volume model to high-value-added travel services8×
  7. 6Expansion of Golf Advertising and Lesson Services7×

★ 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
No upcoming earnings preview for Value Golf yet. It last moved in the Earnings of 2026-09-14: "Worsened".
News
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The travel business turns profitable as travel demand recovers | VALUE GOLF Inc. (3931) | Komori