Dependence on Golf Business Revenue
First written in FY2017. 3 of 7 entries say "Mitigated", first in FY2019. Latest entry: FY2026.
Value Golf moved to the "Worse" side of this theme in 2021, 2 years before the typical company in this theme (2023).
The whole theme swung hardest in 2025: 22 of 57 companies on the "Worse" side.
15 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「Our group's golf business, which accounted for 79.1% of the revenue mix in the fiscal year ended January 2026, should be assessed for its medium- to long-term growth potential by analyzing trends in the golf market, particularly the number of end users, namely golfers, and the number of rounds played, or total golf-course users.」
The golf business's share of the revenue mix fell to 79.1% from 90.8% in the previous fiscal year. Expansion of the travel and other businesses reduced the concentration of revenue in the golf business. - FY2024MitigatedAnnual report
「Our group's golf business, which accounted for 90.8% of the revenue mix in the fiscal year ended January 2024, should be assessed for its medium- to long-term growth potential by analyzing trends in the golf market, particularly the number of end users, namely golfers, and the number of rounds played, or total golf-course users.」
The golf business's share of the revenue mix fell from 91.8% in the previous fiscal year to 90.8%, slightly reducing dependence. However, it still accounted for the majority. - FY2023WorsenedAnnual report
「Our group's golf business, which accounted for 91.8% of the revenue mix in the fiscal year ended January 2023, should be assessed for its medium- to long-term growth potential by analyzing trends in the golf market, particularly the number of end users, namely golfers, and the number of rounds played.」
The golf business's share of the revenue mix rose to 91.8% from 81.4% in the previous fiscal year, increasing revenue dependence on the golf market. - FY2022WorsenedAnnual report
「Our group's golf business, which accounted for 81.4% of the revenue mix in the fiscal year ended January 2022, should be assessed for its medium- to long-term growth potential by analyzing trends in the golf market, particularly the number of end users, namely golfers, and the number of rounds played, or total golf-course users.」
The golf business's share of the revenue mix rose to 81.4% from 80.3% previously, further increasing revenue dependence on the golf market. - FY2021WorsenedAnnual report
「Our group's golf business, which accounted for 80.3% of the revenue mix in the fiscal year ended January 2021, should be assessed for its medium- to long-term growth potential by analyzing trends in the golf market, particularly the number of end users, namely golfers, and the number of rounds played, or total golf-course users.」
Following a decline in revenue from the travel business, the golf business's share of the revenue mix rose from the previously reported 62.8% to 80.3%, increasing revenue dependence on the golf business again. - FY2019MitigatedAnnual report
「Our group's golf business, which accounted for 62.8% of the revenue mix in the fiscal year ended January 2019, should be assessed for its medium- to long-term growth potential by analyzing trends in the golf market, particularly the number of end users, namely golfers, and the number of rounds played, or total golf-course users.」
The golf business's share of the revenue mix fell from 87.3% to 62.8%, reducing the concentration of revenue in the golf business as the travel business expanded. - FY2017First statedAnnual report
「Our group's golf business, which accounted for 87.3% of the revenue mix in the fiscal year ended January 2017, should be assessed for its medium- to long-term growth potential by analyzing trends in the golf market, particularly the number of end users, namely golfers, and the number of rounds played.」
The golf business accounted for 87.3% of consolidated revenue, indicating that trends in the golf market affect the group's growth potential.