Opening of a New Domestic Wedding Venue
First written in FY2017-Q1. 6 of 13 entries say "Softened", first in FY2020-Q1. Latest entry: FY2025-H1.
Take And Give. Needs moved to the "Worse" side of this theme in 2020.
0 other companies' latest entry also says "Softened".
- FY2025-H1SoftenedAnnual report
「The number of ceremonies handled at directly operated locations was 4,431, down 468 year on year, while the average wedding price was ¥3,988,000, up ¥137,000 year on year. The decline in ceremonies handled was attributable mainly to two factors. First, as already disclosed, 2 locations were scheduled to close during the consolidated fiscal year, resulting in a year-on-year difference in the number of ceremonies.」
Rather than expansion of the domestic wedding business, the planned closure of 2 locations during the consolidated fiscal year and the resulting decline in ceremonies handled are described, further weakening the new-opening-led expansion policy. - FY2022SoftenedAnnual report
「We plan to offset the decline in revenue and profit caused by lower ceremony prices, a key issue, by improving profitability through a higher in-house production ratio, increasing the number of venues operated through operational changes from other companies in the same industry, and expanding the operation of wedding venues at hotels and other facilities owned by other companies.」
The focus has shifted from expansion through new domestic locations to increasing operated venues through operational changes from other companies and management contracts for hotels and other wedding venues. - FY2021SoftenedAnnual report
「In the next consolidated fiscal year, while continuing to give top priority to operating our business with every possible measure to ensure the safety, hygiene and health of customers and employees, we will continue to limit capital investment and reduce costs,」
The following fiscal year’s response emphasizes limiting capital investment and reducing costs rather than expanding domestic facilities. - FY2020-Q3SoftenedAnnual report
「Due to the closure of unprofitable locations in the domestic wedding business and Typhoon Hagibis (Typhoon No. 19 in Reiwa 1), weddings scheduled for the third quarter were moved to the fourth quarter or later.」
The closure of unprofitable locations, rather than progress in new openings, is described in the domestic wedding business, further weakening the location expansion policy. - FY2020-Q2SoftenedAnnual report
「The number of ceremonies handled declined slightly year on year due to the closure of 3 locations comprising 4 venues,」
The closure of 3 locations and 4 venues, rather than new openings, is described in the domestic wedding business, further weakening the location expansion strategy. - FY2020-Q1SoftenedAnnual report
「In the domestic wedding business, our core business, the number of ceremonies held remained at the same level as in the previous corresponding quarter despite the closure of 2 unprofitable locations comprising 3 venues, as TRUNK（HOTEL） and the renovated locations performed well.」
Rather than progress in new openings, the closure of 2 locations and 3 venues with low profitability is described, indicating some contraction in the location expansion strategy. - FY2019AdvancedAnnual report
「During the consolidated fiscal year, we made capital investments totaling ¥3,024 million, mainly in the domestic wedding business. In the domestic wedding business, ¥2,482 million was invested in new store openings and renovations of directly operated locations and related projects.」
Specific annual investment in the domestic wedding business and its allocation to new store openings and directly operated location renovations are stated. - FY2019-Q3AdvancedAnnual report
「To expand our market share further, we began development work for new directly operated salons to strengthen our domestic sales network. This spring, we will expand the Shinjuku flagship store and open Hiroshima, the first location in the Chugoku and Shikoku region.」
Development of new directly operated salons began to strengthen the domestic sales network, with expansion of the Shinjuku flagship store and the opening of Hiroshima specified for that spring. - FY2018AdvancedAnnual report
「During the consolidated fiscal year, we made total capital expenditures of ¥6,731 million, mainly in the domestic wedding business. In the domestic wedding business, ¥5,910 million was invested in new openings and renovations of directly operated locations.」
Annual capital expenditures were ¥5,910 million in the domestic wedding business and ¥6,731 million company-wide, including new openings and renovations of directly operated locations. - FY2018-Q2AdvancedAnnual report
「This was mainly due to ¥4,799 million in expenditures for the acquisition of property, plant and equipment related to new openings and other activities, and ¥372 million in expenditures for deposits and guarantee deposits.」
Expenditures of ¥4,799 million for property, plant and equipment acquisitions related to new openings and other activities were reported. The text does not state that a specific domestic location was completed. - FY2017RestatedAnnual report
「The new location in Yokohama, which opened in March 2016, performed well, and we launched plans for small weddings. As a result, directly operated locations handled 204 more weddings than in the same period of the previous year.」
The effect of the new Yokohama location and the increase in weddings handled by domestic directly operated locations were stated. The location opened in a prior fiscal year, so this is not a newly completed opening. - FY2017-Q2AdvancedAnnual report
「This was mainly due to ¥1,549 million in expenditures for the acquisition of property, plant and equipment related to new openings and other activities, and ¥62 million in expenditures for software acquisitions.」
Expenditures of ¥1,549 million for property, plant and equipment acquisitions related to new openings and other activities were reported. The text does not state that a specific domestic location was completed. - FY2017-Q1First statedAnnual report
「Orders at “BAYSIDE GEIHINKAN VERANDA minatomirai,” which opened in March 2016, and at existing locations were strong, and the number of parties in the domestic wedding business increased year on year.」
Expansion of the domestic wedding business through the opening of a new facility in March 2016 was stated.