Business Risk from Reliance on a Single Ski Resort Business and Concentration in HAKUBA VALLEY
First written in FY2017. 5 of 6 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2025: 22 of 57 companies on the "Worse" side.
47 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「By specializing in ski resort operations, the Group can pursue greater business depth and enjoys significant benefits, including improved services and know-how. However, because it has not diversified its business, it has been unable to achieve diversification of business risk and is not sufficiently able to respond to unforeseeable events such as major earthquakes and other disasters.」
The benefits of greater depth from operating a single ski resort business and the lack of risk diversification against disasters and other events have been reconfirmed. - FY2021RestatedAnnual report
「The Group's business consists of operating ski resorts. By specializing in the ski resort business, the Group can pursue greater business depth and enjoys significant benefits, including improved services and know-how. However, because it has not diversified its business, it has been unable to achieve diversification of business risk and is not sufficiently able to respond to event risks such as major earthquakes and other disasters.」
The benefits of greater depth from operating a single ski resort business and the lack of risk diversification against disasters and other events have been reconfirmed. - FY2020RestatedAnnual report
「By specializing in the ski resort business, the Group can pursue greater business depth and enjoys significant benefits, including improved services and know-how. However, because it has not diversified its business, it has been unable to achieve diversification of business risk and is not sufficiently able to respond to event risks such as major earthquakes and other disasters.」
The risks arising from operating a single ski resort business and the concentration of revenue in HAKUBA VALLEY have been reconfirmed. - FY2019RestatedAnnual report
「The Group's business consists of operating ski resorts. By specializing in the ski resort business, the Group can pursue greater business depth and enjoys significant benefits, including improved services and know-how. However, because it has not diversified its business, it has been unable to achieve diversification of business risk and is not sufficiently able to respond to event risks such as major earthquakes and other disasters.」
The business risks associated with operating a single ski resort business and the concentration of revenue in HAKUBA VALLEY have been reconfirmed. - FY2018RestatedAnnual report
「Revenue from the ski resort business in the HAKUBA VALLEY area accounts for the majority of the Group's revenue, and trends in revenue in that area have a significant impact on the Group's overall performance.」
The risks arising from operating a single ski resort business and the concentration of revenue in HAKUBA VALLEY have been reconfirmed. - FY2017First statedAnnual report
「By specializing in the ski resort business, the Group can pursue greater business depth and enjoys significant benefits, including improved services and know-how. However, because it has not diversified its business, it has been unable to achieve diversification of business risk and is not sufficiently able to respond to event risks such as major earthquakes and other disasters.」
The benefits of greater depth from operating a single business and the lack of risk diversification against disasters and other events were explicitly disclosed for the first time. Dependence on HAKUBA VALLEY revenue was also disclosed.