Fluctuations in Economic Conditions and Personal Consumption, and the Declining Golf Population
First written in FY2022. 6 of 9 entries say "Materialised", first in FY2023-Q2. Latest entry: 2026-08-14.
Cube moved to the "Worse" side of this theme in 2023, the same year as the typical company in this theme.
The whole theme swung hardest in 2020: 5 of 8 companies on the "Worse" side.
1 other company's latest entry also says "Materialised".
- FY2025RestatedAnnual report
「Although the golf boom during the COVID-19 pandemic has subsided, we expect the golf equipment and apparel market to continue growing.」
The company continues to expect market growth while recognizing the subsiding golf boom and demand risks related to economic conditions, personal consumption, and declines in the population and golf population. - FY2024RestatedAnnual report
「Although the golf boom during the COVID-19 pandemic has subsided, we expect the golf equipment and apparel market to continue growing.」
The company expects continued market growth after the golf boom has subsided, while continuing to disclose demand risks related to economic conditions, personal consumption, population decline, and a decline in the golf population. - FY2024-H1MaterialisedAnnual report
「During the interim accounting period, the Korean golf boom during the COVID-19 pandemic had subsided, and Korean wholesale sales declined year on year as a result. This was the main reason that total revenue also declined year on year.」
The subsiding of Korea’s COVID-19 golf boom appeared as a year-on-year decline in Korean wholesale sales and total revenue during the interim accounting period. - FY2024-Q1MaterialisedAnnual report
「The Korean golf boom during the COVID-19 pandemic has begun to cool, and Korean wholesale sales declined year on year as a result. This was the main reason that total revenue also declined year on year.」
The cooling of Korea’s golf boom also appeared as a year-on-year decline in Korean wholesale sales and total revenue during the first-quarter period. - FY2023-Q3MaterialisedAnnual report
「The Korean golf boom during the COVID-19 pandemic has cooled, and Korean wholesale sales declined year on year as a result. This was the main reason that total revenue also declined year on year.」
The cooling of Korea’s golf boom continued to appear as a year-on-year decline in Korean wholesale sales and total revenue during the nine-month period. - FY2023-Q2MaterialisedAnnual report
「The Korean golf boom during the COVID-19 pandemic has begun to cool, and Korean wholesale sales declined year on year as a result. This was the main reason that total revenue also declined year on year. Korean wholesale 1,219,759 42.1 819,231 32.4」
The cooling of Korea’s golf boom materialized as a decline in Korean wholesale sales, which fell approximately 32.8% year on year. - FY2022First statedAnnual report
「In particular, our golf-related apparel and miscellaneous goods may be affected if the golf population begins to decline in Japan, where the population is expected to decrease in the future. Although the likelihood of this risk materializing soon is low, we recognize that the risk always exists.」
The company identifies fluctuations in economic conditions, personal consumption, and the golf market, as well as future declines in Japan’s population and golf population, as demand risks.