Dependence on specific business partners amid consolidation in the golf course operations industry
First written in FY2021. 1 of 2 entries say "Restated". Latest entry: FY2024.
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- FY2024RestatedAnnual report
「The golf-course operating industry, which includes the Group's major business partners, has previously undergone alliances, restructuring and consolidation. Although these industry-restructuring activities have recently subsided, future restructuring could increase the Group's dependence on specific customers.」
The risk of greater dependence on specific customers due to restructuring in the golf-course operating industry continues to be disclosed. - FY2021First statedAnnual report
「The golf-course operating industry, which includes the Group's major business partners, has previously undergone alliances, restructuring and consolidation. Although these industry-restructuring activities have recently subsided, future restructuring could increase the Group's dependence on specific customers. Depending on the business performance and other developments of these specific customers, the Group's operating results and financial condition could be affected.」
The company identified as a new risk the possibility that industry restructuring and consolidation in the golf-course operating industry could increase dependence on specific customers, whose business performance could affect the Group.