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Value Golf (3931) · RiskMaterialised

Decline in Golf Course Usage Due to Weather and Natural Disasters

First written in FY2017-Q2. 4 of 13 entries say "Materialised", first in FY2017-Q3. Latest entry: FY2024-Q3.

13entries
8years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseRestatedFY2017MaterialisedFY2020-Q3 – FY2021-Q2OtherFY2022-Q2 – FY2023-Q22016: 220162017: 120172018: 120182019: 320192020: 120202021: 220212022: 220222023: 12023
Same theme, other companies
Deterioration in golf course business performance due to adverse weather conditionsA theme 6 companies write about · 7 as a headwind · 0 as a tailwind

Value Golf moved to the "Worse" side of this theme in 2023, 5 years after the typical company in this theme (2018).

The whole theme swung hardest in 2018: 5 of 6 companies on the "Worse" side.

2 other companies' latest entry also says "Materialised".

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-Q3MaterialisedAnnual report

    「However, partly due to the effects of record heat, golf course users increased 0.6% year on year in July, declined 4.5% in August, and increased 1.9% in September.」

    Weather-related fluctuations in demand occurred, including a 4.5% year-on-year decline in golf course users in August, partly due to the effects of record heat.
  2. FY2023-Q2Increase in users driven by localized heavy rain and sunshineAnnual report

    「Some areas, including parts of northern and western Japan, were locally affected by linear rainbands. However, as the rainy season ended at a record early date, many areas nationwide had longer sunshine hours than in a typical year.」

    While linear rainbands caused localized weather impacts, the early end of the rainy season and longer sunshine hours coincided with a nationwide increase in users.
  3. FY2023-Q1Decline in users due to heavy snow and recovery in early springAnnual report

    「In February, record heavy snowfall and snow accumulation occurred on the Sea of Japan side and in inland areas, while the monthly average temperature was low due to a strong cold air mass. Severe weather for playing golf continued, but weather conditions were generally favorable from March onward, and user numbers remained firm.」

    While record heavy snowfall and snow accumulation caused a decline in users in February, user numbers remained firm from March onward as weather conditions recovered.
  4. FY2022-Q2Impact of localized torrential rain alongside an overall increase in golf course usersAnnual report

    「In the golf business environment, localized impacts occurred along the Pacific coast of eastern Japan, including landslides caused by heavy rain associated with the seasonal rain front. In other areas, however, sunshine hours were longer than in a typical year, and the year-on-year change in golf course users was a 30.8% increase in May and an 18.0% increase in June (Ministry of Economy, Trade and Industry, Survey of Selected Service Industries).」

    While some areas were affected by heavy rain and landslides, sunshine hours were longer in other regions, and golf course users increased 30.8% year on year in May and 18.0% in June.
  5. FY2022-Q1MitigatedAnnual report

    「Benefiting from relatively mild weather, the number of golf course users increased 3.7% year on year in February and 8.6% in March (Ministry of Economy, Trade and Industry, Current Survey of Selected Service Industries).」

    Mild weather led to increases of 3.7% in February and 8.6% in March in golf course users, and the adverse impact of the risk of weather-related declines in users did not occur.
  6. FY2021-Q2WorsenedAnnual report

    「Golf course users were down 37.7% year on year in April, 31.8% in May, and 19.6% in June. ... July was then adversely affected by nationwide abnormal weather, including record heavy rainfall and insufficient sunlight, such as that caused by the July 2020 torrential rains in Japan.」

    In addition to the decline in users caused by COVID-19, weather-related effects from torrential and heavy rain and insufficient sunlight occurred in July.
  7. FY2020-Q3MaterialisedAnnual report

    「The damage caused by Typhoons No. 15 and No. 19, which successively made landfall in the Kanto region, was particularly severe. Some golf courses required several months to recover, while others decided to close permanently after abandoning recovery efforts, and the situation remains unpredictable.」

    Golf courses were actually damaged by Typhoons No. 15 and No. 19, resulting in some courses being closed for several months and others deciding to cease operations.
  8. FY2020-Q2RestatedAnnual report

    「As weather was relatively stable nationwide, golf course revenue and the number of users remained broadly flat at 100% of the year-earlier period, according to the Ministry of Economy, Trade and Industry's Current Survey of Selected Service Industries.」

    With relatively stable weather, golf course revenue and the number of users were 100% of the year-earlier period. No expansion of the adverse impact of weather-related declines was reported.
  9. FY2020-Q1MitigatedAnnual report

    「The golf business environment benefited from relatively mild weather throughout the period, and golf course users recovered year on year, increasing 9.8% in February and 5.8% in March.」

    During the quarter, mild weather led to increases of 9.8% in February and 5.8% in March in golf course users, and the adverse impact of the risk of weather-related declines in users did not materialize.
  10. FY2019-Q3MaterialisedAnnual report

    「The number of golf course users in Japan from July to September 2018 was 2,424 thousand, down 13.7% year on year. This is believed to have been largely affected by extreme heat, torrential rain, typhoons, and other factors.」

    A decline in golf course users caused by extreme heat, torrential rain, typhoons, and other factors actually occurred, resulting in a 13.7% year-on-year decrease.
  11. FY2017RestatedAnnual report

    「Golf is an outdoor sport and leisure activity and is affected by weather and seasonal fluctuations. Golf course attendance declines seasonally during periods of typhoons, the rainy season, extreme heat, and snowfall.」

    Weather, seasonal fluctuations, and natural disasters are identified as risks affecting golf course attendance and customer acquisition.
  12. FY2017-Q3MaterialisedAnnual report

    「Amid a gradual decline in Japan's golfing population, the total number of golf course users declined slightly year on year, partly due to weather conditions and other factors.」

    The report states that the decline in golf course users due to weather and other factors was not limited to certain regions, resulting in a slight year-on-year decrease overall.
  13. FY2017-Q2First statedAnnual report

    「Although some areas saw a decline in users due to weather conditions or natural disasters, the period overall saw the number of users remain at approximately the previous year's level.」

    The report states that declines in users caused by weather conditions and natural disasters actually occurred in some areas.
Moved together

"Slight recovery in golf course revenue and visitor numbers" moved the same way as this thread, in the same document, in 5 of its 13 moves.

544332★123456
  1. ★This thread
  2. 1Slight recovery in golf course revenue and visitor numbers5×
  3. 2Declining Domestic Golf Population and Price Competition in Golf Equipment4×
  4. 3Substantial Revenue Growth and Operating Profit Expansion in the Golf Business4×
  5. 4Substantial Revenue Growth and Expansion of Operating Profit and Net Income3×
  6. 5Expanding business with existing customers and developing new media, and improving production efficiency3×
  7. 6Expansion in the number of golf courses contracted with "1-Person Reservation Land" and the number of people making reservations2×

★ 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.
News
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Decline in Golf Course Usage Due to Weather and Natural Disasters | VALUE GOLF Inc. (3931) | Komori