Discontinuation and closure of hotel operations
First written in FY2021-Q3. 3 of 4 entries say "Cited as achieved", first in FY2022-Q1. Latest entry: FY2022-Q3.
No other company in this theme has enough history to compare yet.
- FY2022-Q3Cited as achievedAnnual report
「株式会社ホテルニューヒロデン, previously a consolidated subsidiary, was excluded from the scope of consolidation because its liquidation was completed on 10 November 2021.」
The company reported that liquidation of 株式会社ホテルニューヒロデン, following the closure of hotel operations, was completed on 10 November 2021 and that the company was excluded from the scope of consolidation. - FY2022-Q2Cited as achievedAnnual report
「In the leisure and services business, revenue was negatively affected by the discontinuation of the hotel business at the end of January 2021, among other factors.」
The company reported the revenue decline following the discontinuation of the hotel business at the end of January 2021. 株式会社ホテルニューヒロデン was excluded from the scope of consolidation as of the end of the quarter because of liquidation proceedings. - FY2022-Q1Cited as achievedAnnual report
「In the leisure and services business, revenue declined as a result of discontinuing the hotel business at the end of January 2021. In the golf business, although competitions were cancelled or postponed following the issuance of a state of emergency, golf remained popular as a “relatively safe sport to enjoy” during the pandemic, and sales recovered compared with the same period of the previous year. As a result, operating revenue for the first quarter of the current fiscal year increased by 21.9%, or ¥36 million, to ¥204 million from the first quarter of the previous fiscal year. Operating income was ¥9 million, compared with an operating loss of ¥177 million in the first quarter of the previous fiscal year, partly reflecting the earnings benefit from discontinuing the unprofitable hotel business following the spread of COVID-19.」
The company reported both the revenue decline following the discontinuation of the hotel business and the earnings benefit from discontinuing the unprofitable hotel, with the leisure and services business turning from an operating loss in the same period of the previous year to operating income. - FY2021-Q3AchievedAnnual report
「In the hotel business, we expected that substantial funds would be required for seismic retrofitting and the maintenance of aging buildings and equipment necessary to continue operations. At the same time, we judged that the downturn in performance caused by the spread of COVID-19 would be prolonged and that a substantial improvement in revenue could not be expected. We therefore closed the hotel at the end of January 2021.」
In light of the funds required for seismic retrofitting and equipment maintenance and the expected improvement in revenue, hotel operations were closed at the end of January 2021. The subsequent events section also stated that the hotel business had been discontinued and operations closed.