Risk of suspended group travel order intake and failure to meet plans
First written in FY2019. 6 of 8 entries say "Mitigated", first in FY2020-Q3. Latest entry: FY2023.
2 other companies' latest entry also says "Mitigated".
- FY2023MitigatedAnnual report
「Our group also actively planned and operated domestic package tours and bus tours for foreign residents in Japan. Demand for travel to Japan remains high due to the weaker yen, and we will strengthen sales, particularly of international air tickets.」
In response to the decline in group travel demand caused by restrictions on international travel, we operated domestic package tours and bus tours for foreign residents in Japan, while also strengthening air-ticket sales. - FY2023-Q2MitigatedAnnual report
「Accordingly, the Company focused on domestic package tours and planned and operated domestic golf trips tailored to each theme, as well as bus tours for foreign residents in Japan.」
While constraints on travel demand remained, we continued responding to cancellations of trips and declines in orders by planning and operating domestic package tours and bus tours for foreign residents in Japan. - FY2022-Q1MitigatedAnnual report
「As air routes were suspended amid efforts to prevent the spread of COVID-19, we strengthened domestic package tours and operated bus tours for foreign nationals and domestic golf trips after implementing thorough infection-prevention measures.」
Despite weak travel demand, we continued operating bus tours for foreign residents in Japan and domestic golf trips after implementing thorough infection-prevention measures. - FY2021-Q3MitigatedAnnual report
「In its golf tour planning, the Company operated the "Two-Person Booking Trip: Nagasaki" in October and received approximately twice as many applications as the number of places available, giving it a strong sense that users' appetite for travel had recovered.」
Despite the conditions affecting travel demand, the October golf tour received approximately twice its capacity in applications, indicating signs of a recovery in demand. - FY2021-Q2MitigatedAnnual report
「We resumed operating package tours, including golf trips and bus tours, after implementing thorough infection-control measures.」
Package tours canceled or postponed in the previous quarter resumed operations after infection-control measures were implemented. - FY2021-Q1MaterialisedAnnual report
「For group travel and package tours that bring together large numbers of people, we decided independently to cancel or postpone them, starting with the overseas golf trip, the “Overseas VG Cup,” in March.」
In connection with the risk of group travel cancellations and failure to meet order targets, package tours such as golf trips and bus tours were actually canceled or postponed. - FY2020-Q3MitigatedAnnual report
「We have officially received an order for a large-scale employee trip for approximately 900 people, which was also held in the previous fiscal year. We will continue sales activities aimed at securing orders for training trips for educational institutions and employee trips for companies.」
In response to the risk of failing to meet group travel plans, an order was officially received for a large-scale employee trip for approximately 900 people, as in the previous fiscal year. - FY2019First statedAnnual report
「In our travel business, we receive many orders for group travel, including employee trips. If these group trips are canceled or orders do not proceed as planned, our group's operating results and financial position could be affected.」
The receipt of orders for group travel was identified as a new business risk, and the potential impact on operating results from trip cancellations and failure to meet order targets was disclosed.