Dependence on the Partnership Agreement with Hoshino Resorts
First written in FY2019. 2 of 5 entries say "Materialised", first in FY2020. Latest entry: FY2021-Q3.
The whole theme swung hardest in 2025: 6 of 28 companies on the "Worse" side.
51 other companies' latest entry also says "Restated".
- FY2021-Q3RestatedAnnual report
「Regarding the business alliance with Hoshino Resorts Inc., the number of users of our services declined as the number of guests staying at accommodation facilities operated by the Hoshino Resorts Group declined due to the spread of COVID-19. In addition, we were forced to suspend our services from 16 April 2020 to prevent COVID-19 infections, and it was expected to take a considerable amount of time for revenue to recover. Accordingly, we mutually agreed to terminate the business alliance agreement as of 30 June 2020 in order to appropriately reallocate the management resources invested in these services to date.」
The Company reiterates that termination of the agreement with 株式会社星野リゾート has been completed and describes the background. - FY2021-Q2RestatedAnnual report
「Regarding the business alliance with Hoshino Resorts Inc., the number of users of our services declined as the number of guests staying at accommodation facilities operated by the Hoshino Resorts Group declined due to the spread of COVID-19. In addition, we were forced to suspend our services from 16 April 2020 to prevent COVID-19 infections, and it was expected to take a considerable amount of time for revenue to recover. Accordingly, we mutually agreed to terminate the business alliance agreement as of 30 June 2020 in order to appropriately reallocate the management resources invested in these services to date.」
The Company reiterates that termination of the agreement with 株式会社星野リゾート has been completed and describes the background. - FY2021-Q1MaterialisedAnnual report
「Following discussions with Hoshino Resorts Inc., we mutually agreed to terminate the business alliance agreement as of 30 June 2020 in order to appropriately reallocate the management resources invested in these services to date.」
The risk of termination of the agreement with 株式会社星野リゾート materialized and was completed through an agreed termination dated 30 June 2020. - FY2020MaterialisedAnnual report
「As of the date of filing this document, the Company had entered into an agreement with 株式会社星野リゾート to terminate these agreements effective 30 June 2020.」
The previously identified risk of termination of the agreements materialized as an actual agreement to terminate, against the backdrop of declining users and service discontinuation due to the spread of infection. The Company states that the termination incurred no additional costs and had no material impact on business performance. - FY2019First statedAnnual report
「The Company has entered into business partnership agreements and service outsourcing agreements with 株式会社星野リゾート and group companies of 株式会社星野リゾート for massage services not covered by insurance and SPA services. For massage services not covered by insurance, the Company has entered into an exclusive business partnership agreement.」
The Company identifies the possibility of reduced transactions due to termination or changes in the terms of the agreements, alongside the expansion opportunities provided by the partnership, as a risk.