Upfront Cost and Resident Acquisition Risks Associated with Opening New Care Facilities
First written in FY2017. 2 of 4 entries say "Restated". Latest entry: FY2023.
0 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「Opening new nursing-care facilities in the nursing-care business requires a considerable period to attract residents and users after opening. Following opening, costs tend to be incurred ahead of revenue until the number of residents and users reaches a certain level.」
The company reaffirmed the risk that costs will be incurred ahead of revenue at new facilities until residents and users are acquired. - FY2020RestatedAnnual report
「Opening new nursing-care facilities in the nursing-care business requires a considerable period to attract residents and users after opening. Following opening, costs tend to be incurred ahead of revenue until the number of residents and users reaches a certain level.」
The company restated the risk that costs will be incurred ahead of revenue at new facilities until residents and users are acquired. - FY2019-Q1MaterialisedAnnual report
「In addition to the new facilities opened in the first quarter, the company opened 4 fee-based nursing homes with care services in February and 1 in March of the previous fiscal year. Since fixed costs such as administrative personnel expenses and facility maintenance costs are required at a certain level from the time of opening, these facilities incurred costs ahead of revenue and affected first-quarter earnings.」
Administrative personnel expenses and facility maintenance costs were incurred ahead of revenue at newly opened facilities, affecting first-quarter earnings. - FY2017First statedAnnual report
「Opening new nursing-care facilities in the nursing-care business requires a considerable period to attract residents and users after opening. Following opening, costs tend to be incurred ahead of revenue until the number of residents and users reaches a certain level.」
The company indicated that costs are incurred ahead of revenue at new facilities until residents and users are acquired, potentially putting short-term pressure on profit.