Declining interest in golf and price competition in the northern region
First written in FY2017. 1 of 3 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2020: 6 of 10 companies on the "Worse" side.
0 other companies' latest entry also says "Dropped".
- FY2026DroppedAnnual report
「March 2022: Closed the golf course operated by オリオン嵐山㈱ and leased the land for use as a theme park site」
The golf course business, premised on responding to declining interest in golf and price competition, has disappeared from the current business portfolio following the closure of the golf course and the conversion of the land to a leasing business. - FY2018RestatedAnnual report
「In Okinawa's golf course sector, the number of visitors to the 16 golf clubs, comprising 12 clubs affiliated with the Kyushu Golf Union and 4 unaffiliated clubs, totaled 954,091, up 2.6% year on year, or 24,075 visitors. Although the number of visitors to golf courses in Okinawa Prefecture has increased as the prefecture's economy has remained strong, the competition to attract customers is expected to intensify further due to price competition and the need to accommodate the growing number of self-service customers, and we believe the situation is more challenging than before.」
Although visitor numbers are increasing, the risks associated with price competition, accommodating self-service customers and intensifying competition to attract customers continue to be recognized. - FY2017First statedAnnual report
「Given the accelerating decline in interest in golf among younger people and the baby-boom generation, as well as intensifying price competition with competing golf courses in the northern part of Okinawa Island, we believe the situation is more challenging than before.」
For the golf course business, the withdrawal of demand segments and price competition with competing facilities are identified for the first time as external environmental risks.