Intensifying Competition and Price Competition in the Hotel, Golf and Employee Benefits Businesses
First written in FY2017. 3 of 5 entries say "Restated". Latest entry: FY2022.
The whole theme swung hardest in 2026: 29 of 92 companies on the "Worse" side.
- FY2022RestatedAnnual report
「The group's hotel operations, golf operations and employee benefits businesses face numerous major competitors.」
The company continues to disclose the risks of competition and price competition in the hotel, golf and employee benefits businesses, together with differentiation measures based on its facilities, partnerships and customer base. - FY2020MaterialisedAnnual report
「Overall performance declined sharply due to intensifying price competition following new hotel openings in major metropolitan areas, a decline in inbound demand, particularly from South Korea, and ultimately the significant impact of COVID-19 from the end of January this year.」
The previously disclosed risks of intensifying competition and price competition actually affected performance through lower unit prices following new hotel openings and lower operating profit in the hotel operations business. - FY2019RestatedAnnual report
「If partnerships with external companies do not progress smoothly and attractive menus cannot be developed continuously, competition may intensify, including through new entry into the business by major companies. If this leads to severe price competition, the company may be unable to maintain its business advantage, which could affect the performance of the group.」
The company continues to disclose competitors, new entrants, difficulties in developing menus and price competition as business risks. - FY2018RestatedAnnual report
「If partnerships with external companies do not progress smoothly and attractive menus cannot be developed continuously, competition may intensify, including through new entry into the business by major companies. If this leads to severe price competition, the company may be unable to maintain its business advantage, which could affect the performance of the group.」
The company continues to disclose major competitors, new entrants, difficulties in developing attractive menus and price competition as competitive risks. - FY2017First statedAnnual report
「Competitors are actively developing their businesses, relying on their respective experience and track records in their core businesses and their brand strength. If partnerships with external companies do not progress smoothly and attractive menus cannot be developed continuously, competition may intensify, including through new entry into the business by major companies. If this leads to severe price competition, the company may be unable to maintain its business advantage, which could affect the performance of the group.」
The company discloses the intensification of competition from numerous major competitors and new entrants, as well as intensified price competition, as risks that could affect performance. In the golf business, intensified price competition is also identified as a factor behind lower operating profit.