Sluggish Resort Business and Impairment Losses
First written in FY2017-Q1. 4 of 10 entries say "Worsened", first in FY2017-Q2. Latest entry: FY2020.
The whole theme swung hardest in 2025: 43 of 77 companies on the "Worse" side.
23 other companies' latest entry also says "Restated".
- FY2020RestatedAnnual report
「The resort business has ended. (Business transfer date: 23 October 2018)」
Following the transfer and exit from the resort business, the disclosures have continued to state that the business remains discontinued. - FY2019-Q3MitigatedAnnual report
「The resort business operated by the Company’s subsidiary, ＴＳＣホリスティック株式会社, namely Tarasa Shima Hotel & Resort in Toba, Mie Prefecture, was transferred to 大江戸温泉物語株式会社 on 23 October 2018. As a result, revenue was ¥360 million, down 30.6% year on year, and the operating loss was ¥18 million, compared with an operating loss of ¥16 million in the same quarter of the previous year.」
Although the resort business incurred an operating loss of ¥18 million and an impairment loss of ¥374 thousand during the cumulative period of the quarter, the business was transferred and exited on 23 October 2018, reducing the Group’s ongoing business risk. - FY2019-Q2WorsenedAnnual report
「However, due to a substantial decline in bridal revenue, revenue was ¥318 million, down 9.3% year on year, and the operating loss was ¥14 million, compared with an operating loss of ¥9 million in the same quarter of the previous year.」
Due to the substantial decline in bridal revenue, revenue from the resort business fell 9.3% year on year, while the operating loss widened from ¥9 million in the same period of the previous year to ¥14 million. An impairment loss of ¥374 thousand was also recorded due to continuing losses. - FY2019-Q1WorsenedAnnual report
「However, due to a substantial decline in bridal revenue, revenue was ¥142 million, down 12.9% year on year, and the operating loss was ¥17 million, compared with an operating loss of ¥16 million in the same quarter of the previous year.」
Due to the substantial decline in bridal revenue, revenue from the resort business fell 12.9% year on year, while the operating loss widened from ¥16 million in the same period of the previous year to ¥17 million. - FY2018-Q3MitigatedAnnual report
「The decline in accommodation nights caused by the Ise-Shima Summit held in the previous fiscal year recovered. Revenue was ¥518 million, up 6.8% year on year, while the operating loss was ¥16 million, compared with an operating loss of ¥70 million in the same quarter of the previous year.」
The decline in accommodation nights recovered, with revenue from the resort business increasing 6.8% year on year and the operating loss narrowing from ¥70 million in the same period of the previous year to ¥16 million. However, the operating loss continues. - FY2018-Q2MitigatedAnnual report
「The decline in accommodation nights caused by the Ise-Shima Summit held in the previous fiscal year recovered. Revenue was ¥351 million, up 13.5% year on year, while the operating loss was ¥9 million, compared with an operating loss of ¥63 million in the same quarter of the previous year.」
The decline in accommodation nights recovered, with revenue from the resort business increasing 13.5% year on year and the operating loss narrowing from ¥63 million in the same period of the previous year to ¥9 million. However, the operating loss continues. - FY2018-Q1MitigatedAnnual report
「The decline in guest numbers caused by the Ise-Shima Summit in the previous fiscal year recovered, and revenue was ¥163 million, up 44.1% year on year, while the operating loss was ¥16 million, compared with an operating loss of ¥62 million in the same quarter of the previous year.」
The decline in accommodation nights recovered, with revenue from the resort business increasing 44.1% year on year and the operating loss narrowing from ¥62 million in the same period of the previous year to ¥16 million. The operating loss nevertheless continues. - FY2017-Q3WorsenedAnnual report
「However, the number of guests remained weak due to factors including the Ise-Shima Summit, and revenue was ¥485 million, down 5.5% year on year, while the operating loss was ¥70 million, compared with an operating loss of ¥34 million in the same quarter of the previous year.」
Revenue in the resort business decreased 5.5% year on year, while the operating loss widened from ¥34 million in the previous year to ¥70 million. An impairment loss of ¥8.806 million was also recorded. - FY2017-Q2WorsenedAnnual report
「However, the number of guests remained weak due to factors including the Ise-Shima Summit, and revenue was ¥309 million, down 13.5% year on year, while the operating loss was ¥63 million, compared with an operating loss of ¥12 million in the same quarter of the previous year.」
Revenue in the resort business decreased 13.5% year on year, while the operating loss widened from ¥12 million in the same quarter of the previous year to ¥63 million. In addition, the business recorded an impairment loss of ¥7.993 million. - FY2017-Q1MaterialisedAnnual report
「However, both guest numbers and bridal business remained weak due to the Ise-Shima Summit, and revenue was ¥113 million, down 24.6% year on year, while the operating loss was ¥62 million, compared with an operating loss of ¥32 million in the same quarter of the previous year.」
The resort business's operating loss widened because accommodation and bridal operations remained weak, and a separate impairment loss of ¥2.47 million was also recorded.