Intensifying Competition in Sports Facility Operations
First written in FY2019-Q3. 6 of 17 entries say "Worsened", first in FY2021-Q3. Latest entry: FY2025.
Wesco Holdings moved to the "Worse" side of this theme in 2021.
0 other companies' latest entry also says "Worsened".
- FY2025WorsenedAnnual report
「In the sports facility operations business, the large number of other companies opening 24-hour fitness facilities has affected membership numbers.」
The intensification of competition among sports facilities has been made more specific, with competing 24-hour fitness facilities affecting membership numbers; revenue also fell 1.3% year on year. - FY2025-H1WorsenedAnnual report
「As a result, revenue from the sports facility operations business for the six-month consolidated accounting period was ¥392 million, up 0.2% year on year, as the company was able to maintain a certain level of memberships despite the impact of competing facilities opening nearby and other factors.」
The company states that competing facilities opening nearby affected revenue in the sports facility operations business, illustrating the specific impact of the competitive environment. - FY2024-Q2RestatedAnnual report
「Memberships in the sports facility operations business had declined substantially from 2020 onward because of the impact of COVID-19, but have gradually recovered as economic activity resumed.」
The company continues to characterize the market environment, where memberships declined because of the pandemic, as gradually recovering with the resumption of economic activity. - FY2024-Q1MitigatedAnnual report
「Memberships in the sports facility operations business had declined substantially from 2020 onward because of the impact of COVID-19, but have gradually recovered as economic activity resumed.」
The company describes a gradual recovery accompanying the resumption of economic activity in a market environment where pandemic-related membership declines and intensifying competition had continued. - FY2023ReframedAnnual report
「For the fiscal year, membership was 6,393, down 0.7% from the end of the fiscal year ended July 2022, while the number of members on freeze was 129, down 15.1%, and the pace of membership recovery has slowed.」
While indicating expectations for a recovery as economic activity resumes, the company characterizes improvement in the demand and competitive environment as limited because the recovery in memberships has slowed and pre-pandemic levels have not been reached. - FY2023-Q3ReframedAnnual report
「Memberships at sports facilities had declined substantially because of the impact of COVID-19, but a gradual improvement was expected as economic activity resumed in stages. During the nine-month period ended the third quarter of the current consolidated fiscal year, however, the recovery in memberships slowed. Memberships during the period were 6,266, down 2.7% from the end of the fiscal year ended July 2022, while suspended memberships were 154, up 1.3% from the end of that fiscal year.」
While indicating expectations for gradual improvement from the staged resumption of economic activity, the company shows that improvement in the demand environment has been limited by the slowing recovery in memberships and the increase in suspended memberships. - FY2023-Q2ReframedAnnual report
「Memberships at sports facilities had declined substantially because of the impact of COVID-19, but have gradually begun to improve as economic activity has resumed in stages. However, during the six-month period ended the second quarter of the current consolidated fiscal year, the number of infections increased substantially nationwide, resulting in」
The description of the sports facility market environment has been organized around gradual improvement from the staged resumption of economic activity, while the substantial increase in infections has restrained the recovery. - FY2023-Q1ReframedAnnual report
「Memberships at sports facilities had declined substantially because of the impact of COVID-19, but have begun to recover gradually as economic activity has resumed in stages. However, during the three-month period ended the first quarter of the current consolidated fiscal year, infections increased nationwide, and monthly infections in Okayama and Hiroshima prefectures, the Group’s operating base, reached a record high in August.」
The description of the sports facility market environment has been organized around a gradual recovery resulting from the resumption of economic activity, while renewed growth in infections has constrained the recovery. - FY2022RestatedAnnual report
「The market environment for the sports facility operations business has remained uncertain. While COVID-19 vaccinations have progressed, variants have spread and infections among younger people have increased.」
The company continues to describe an uncertain demand and competitive environment for sports facilities against the backdrop of variant outbreaks and rising infections among younger people. - FY2022-Q3WorsenedAnnual report
「The market environment for the sports facility operations business has remained severe. While third-dose COVID-19 vaccinations have progressed, the Omicron variant has spread and infections among children under 10 and teenagers have risen sharply.」
Although vaccination has progressed, the spread of the Omicron variant and the sharp increase in infections among younger people indicate that the market environment for sports facilities remains severe. - FY2022-Q2WorsenedAnnual report
「During the six-month period ended the second quarter of the current consolidated fiscal year, the nationwide spread of a new COVID-19 variant led to the reissuance, from January 2022, of priority preventive measures in Okayama and Hiroshima prefectures, which form the Group’s operating base.」
The spread of a new variant and the priority preventive measures have kept the competitive and demand environment for sports facility operations difficult. - FY2022-Q1RestatedAnnual report
「The market environment for the sports facility operations business has remained severe because the COVID-19 pandemic restricted interpersonal interaction and travel and adversely affected perceptions of sports facilities.」
The company continues to describe the severity of the demand and competitive environment for sports facility operations against the backdrop of the pandemic. - FY2021WorsenedAnnual report
「Membership declined 10.6% from the end of the previous fiscal year, with no halt to the downward trend accompanying the spread of COVID-19. Compared with the end of January 2020, when infections were first confirmed in Japan, membership was down 19.3% and the number of members on freeze was up 115.0%.」
The decline in memberships and increase in suspended memberships have further worsened the competitive and demand environment for sports facility operations. - FY2021-Q3WorsenedAnnual report
「The business environment remains challenging, as the spread of COVID-19 has reduced the number of facility-using members, particularly at the major large-format Able Okayama and Hiroshima facilities, while competition to attract members with nearby sports facilities has intensified.」
Alongside a decline in sports facility memberships, competition to attract members from nearby facilities has intensified, worsening the competitive environment. - FY2020-Q2RestatedAnnual report
「As a result, service models have diversified, including the rollout of 24-hour facilities and facilities operated under brands focused on individual customers, and competition among sports facilities has intensified.」
The company continues to disclose intensifying competition resulting from the diversification of service models, including 24-hour facilities and brands focused on individual customers. - FY2020-Q1RestatedAnnual report
「As a result, service models have diversified, including the rollout of 24-hour facilities and facilities operated under brands focused on individual customers, and competition has intensified.」
The company continues to disclose intensifying competition in the sports facility operations business resulting from the diversification of service models, including 24-hour facilities and brands focused on individual customers. - FY2019-Q3First statedAnnual report
「In the sports facility operations business, service models have diversified, including the opening of 24-hour facilities and facilities focused on individual customers, and competition has intensified.」
The company states that competition in the sports facility operations business has intensified as service models have diversified, including 24-hour facilities and facilities focused on individual customers.