Decline in Tourists to Kyushu and Failure to Capture Tourism Demand
First written in FY2017. 3 of 5 entries say "Worsened", first in FY2020-Q3. Latest entry: FY2021-Q3.
Kyushu Railway Company moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
The whole theme swung hardest in 2020: 11 of 16 companies on the "Worse" side.
3 other companies' latest entry also says "Worsened".
- FY2021-Q3WorsenedAnnual report
「In the hotel business, 8 of the 16 domestic facilities were closed due to the impact of COVID-19. After operations resumed, the Group sought to capture limited demand by using tourism-support measures offered by the national and local governments and developing telework plans. However, revenue declined substantially due to the effects of requests to refrain from travel, event cancellations and the disappearance of inbound demand.」
The risk relating to tourism in Kyushu and demand from overseas travellers has materialised as a substantial decline in hotel revenue due to requests to refrain from travel, event cancellations and the disappearance of inbound demand. - FY2021-Q1WorsenedAnnual report
「The Group's businesses, including its railway business, have been affected by declining demand for travel and weak personal consumption as a result of the spread of COVID-19.」
The risk of fluctuations in tourism and travel demand in Kyushu has materialised, with declining travel demand and weak personal consumption due to COVID-19 affecting each business. - FY2020-Q3WorsenedAnnual report
「In the marine transportation business, amid a decline in travel demand due to Japan–South Korea relations, the Company worked to reduce costs, including by reviewing the number of sailings, to improve profitability.」
The risk relating to tourism in Kyushu and demand from overseas travellers is described in terms of an actual deterioration in the business environment, with travel demand declining due to the impact of Japan–South Korea relations. - FY2018RestatedAnnual report
「The Group's businesses and growth strategy may be affected by trends in the Kyushu tourism market, including fluctuations in the number of tourists from overseas, particularly South Korea, Taiwan, China, Hong Kong and other neighbouring Asian countries and regions.」
The Group continues to identify fluctuations in the Kyushu tourism market, including tourists from Asia, as a risk to its growth strategy. - FY2017First statedAnnual report
「The Group's businesses and growth strategy may be affected by trends in the Kyushu tourism market, including fluctuations in the number of tourists from overseas, particularly South Korea, Taiwan, China, Hong Kong and other neighbouring Asian countries and regions.」
The Group identifies fluctuations in the Kyushu tourism market arising from economic, foreign-exchange, political, disaster, infectious-disease and anti-Japan sentiment factors in Asia, not only earthquakes, as risks to its growth strategy.