Concerns over the revitalization of the sports market in light of the outlook for the Tokyo 2020 Olympic and Paralympic Games
First written in FY2021-Q3. 1 of 2 entries say "Mitigated", first in FY2021. Latest entry: FY2021.
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- FY2021MitigatedAnnual report
「In terms of the market environment, overall revitalisation of the sports market is expected as a result of the Tokyo 2020 Olympic and Paralympic Games, whose staging had been postponed, and growing interest in health and wellness. At the same time, the impact of requests to refrain from person-to-person contact and travel due to COVID-19, as well as deteriorating public sentiment following reported clusters at sports facilities nationwide, has been serious, including a substantial decline in facility membership.」
The concern regarding the outlook for the Tokyo 2020 Olympic and Paralympic Games changed to a description of expectations that the Games would revitalise the market. Meanwhile, the risk of membership losses due to infectious diseases remains. - FY2021-Q3First statedAnnual report
「In addition, amid growing interest in health and wellness, the outlook for the postponed Tokyo 2020 Olympic and Paralympic Games has become uncertain, with considerable opposition from public opinion both in Japan and overseas, creating a factor of concern for the revitalisation of the sports market.」
The outlook for the postponed Tokyo 2020 Olympic and Paralympic Games is identified separately for the first time as a factor of concern for the revitalisation of the sports market.