Performance fluctuations resulting from the holding or cancellation of large-scale concerts
First written in FY2023. 1 of 3 entries say "Materialised", first in FY2024. Latest entry: FY2025.
The whole theme swung hardest in 2020: 8 of 9 companies on the "Worse" side.
4 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「When a large-scale concert is held, revenue for the period increases sharply. If the concert is held as planned, revenue will increase sharply, but because this is a business that is difficult to forecast, failure to recover the investment as planned may affect the performance of the Group. The cancellation of a concert may also affect the performance of the Group.」
The Company continues to disclose the risk of performance volatility arising from failure to recover investments or cancellation of events, despite the sharp increase in revenue generated by large-scale concerts. - FY2024MaterialisedAnnual report
「A bad debt loss of ¥535.597 million was recorded because receivables became uncollectible following the cancellation of the event.」
The risk of performance volatility arising from the cancellation of a large-scale event materialised as uncollectible receivables and a bad debt loss of ¥535.597 million. - FY2023First statedAnnual report
「When a large-scale concert is held, revenue for the period increases sharply. If the concert is held as planned, revenue will increase sharply, but because this is a business that is difficult to forecast, failure to recover the investment as planned may affect the performance of the Group. The cancellation of a concert may also affect the performance of the Group.」
The Company has, for the first time, disclosed large-scale concerts as a separate, specific risk, noting that they can sharply increase revenue while failure to recover the investment or cancellation of the event can affect performance.