Intensifying Competition and Lower Revenue Due to New Competing Facilities
First written in FY2020-Q2. 2 of 3 entries say "Materialised", first in FY2020-Q2. Latest entry: FY2020.
Kanagawa Chuo Kotsu moved to the "Worse" side of this theme in 2019.
0 other companies' latest entry also says "Materialised".
- FY2020MaterialisedAnnual report
「Revenue declined because of intensified competition following the opening of new competing facilities, as well as facility closures in response to requests to suspend operations amid the spread of COVID-19.」
Intensified competition from competing facilities, together with requests to suspend operations and facility closures amid the spread of the infectious disease, materialized as lower revenue in the leisure and sports business. - FY2020-Q3RestatedAnnual report
「In the leisure and sports business, ㈱神奈中スポーツデザイン opened Kanachu Sports Combo BB Chigasaki, a small-scale sports facility centered on sports classes for children, in April. In September, it renovated Fitness Club Lifetique Hiratsuka by installing a collagen bedrock-bath facility and promoted initiatives to acquire members, but revenue declined due partly to intensified competition following the opening of new competing facilities.」
Competition has continued to intensify following the opening of new competing facilities, becoming a factor behind lower revenue in the leisure and sports business. - FY2020-Q2MaterialisedAnnual report
「Revenue declined because of the impact of intensified competition following the opening of new competing facilities, among other factors.」
Intensified competition following the opening of new competing facilities was reflected in actual results as lower revenue in the leisure and sports business.