Risks Related to Permits and Approvals, Construction Timeline, and Investment Payback for the New Okinawa Venue
First written in FY2016. 2 of 10 entries say "Restated". Latest entry: FY2026.
No other company in this theme has enough history to compare yet.
- FY2026Progress toward the sale of related property, plant and equipmentAnnual report
「During the consolidated fiscal year, land and construction in progress related to the Okinawa resort wedding business were sold.」
For the investment, construction-period, and permitting risks related to the new Okinawa wedding venue, the sale of the land and construction in progress is specifically described. A gain on the sale of property, plant and equipment of ¥176.809 million was recognized, but the text does not explicitly state that the risks have been resolved. - 2026-05-29MitigatedGeneral Meetings of Shareholders
「During the consolidated fiscal year, land and construction in progress related to the Okinawa resort wedding business were sold.」
The sale of related assets confirmed a partial reduction in the asset holding and investment-recovery exposure associated with the new Okinawa venue. However, the complete elimination of the risk was not stated. - FY2026-H1Sale of related property, plant and equipmentAnnual report
「The loss attributable to owners of the parent for the interim period was ¥595.581 million, due in part to the recognition of a gain on the sale of fixed assets related to the Okinawa resort wedding business.」
A gain on the sale of property, plant and equipment related to the Okinawa resort wedding business was recognized. This confirms the disposal of related assets, but the text does not explicitly state that the risks related to permits and approvals or investment recovery have been resolved. - FY2024WorsenedAnnual report
「The plan is currently expected to substantially exceed the initially projected construction and other budget of ¥3.3 billion (3,300,000 thousand yen) due to recent increases in construction-related costs. Accordingly, the construction and opening dates for the facility are being adjusted.」
For the new Okinawa wedding venue, the expected cost continues to substantially exceed the initial budget of ¥3.3 billion (3,300,000 thousand yen), and the construction and opening dates remain undetermined. Although obtaining permits and approvals has progressed, concerns about delays to the start of construction remain. - FY2023Progress on permits and approvals and concerns over delays to the planAnnual report
「More than 3 years have passed since the company began pursuing the various permits and approvals from local governments for the construction of a resort hotel and wedding venue in Okinawa, and the process has become protracted. Although there are concerns that the start of construction could be delayed due to higher raw material and labor costs, the company is responding while monitoring market conditions. At present, the major permits and approvals from the authorities have been obtained, but」
Although there has been substantial progress in obtaining permits and approvals, the process has continued for more than 3 years, and concerns remain about delays to the start of construction due to higher raw material and labor costs, as well as the possibility of changes to the plan. - FY2022RestatedAnnual report
「The plan is currently expected to substantially exceed the initially projected construction and other budget of ¥3.3 billion (3,300,000 thousand yen) due to recent increases in construction-related costs. Accordingly, the construction and opening dates for the facility are being adjusted.」
For the new Okinawa wedding venue, the company continues to identify the expected budget overrun, undetermined construction and opening dates, and risks related to permits and approvals, the construction period, and investment recovery. - FY2021MaterialisedAnnual report
「More than 3 years have passed since the company began pursuing the various permits and approvals from the local government, and the process has become protracted. Although there are concerns about further delays amid the COVID-19 pandemic, the company is responding in coordination with the relevant government offices.」
For the new Okinawa wedding venue, the company states that the process of obtaining permits and approvals has in fact become protracted and that, even after more than 3 years, it is still working toward obtaining all final permits and approvals. - FY2020WorsenedAnnual report
「The project is now expected to substantially exceed the initially projected construction and other budget of ¥3,300 million due to the recent surge in construction-related costs. The construction and opening dates for the facility are therefore being adjusted.」
For the new Okinawa wedding venue, the company has explicitly stated that construction-related cost increases are expected to cause a budget overrun and that the construction and opening dates have not been determined, indicating greater investment recovery and construction-period risks. - FY2017RestatedAnnual report
「The company has conducted sufficient research and marketing for the plan. However, if permits and approvals for the facility development are not obtained for any reason, construction is delayed beyond the initial expectations, or the facility fails to generate earnings as expected despite the substantial capital investment」
For the new Okinawa wedding venue, the company continues to identify risks related to permits and approvals, the construction period, and investment recovery, although land acquisition has progressed. - FY2016First statedAnnual report
「If the facility fails to generate earnings as expected despite the substantial capital investment, this could affect the company's financial position and operating results.」
For the wedding venue in Nago, Okinawa Prefecture, the company identifies construction costs of approximately ¥3.3 billion, permits and approvals, the construction period, and monetization as risks.