Risk of declining golf course users and average spend per customer
First written in FY2016. 6 of 8 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2020: 5 of 8 companies on the "Worse" side.
4 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「Price-cutting competition among golf courses in the prefecture is also evident. If negative factors such as a decline in the number of users and lower spending per customer intensify, the Group's performance and financial condition may be adversely affected.」
Reconfirms the risks related to price-cutting competition among golf courses, declining user numbers and lower spending per customer. - FY2024RestatedAnnual report
「Price-cutting competition among golf courses in the prefecture is also evident. If negative factors such as a decline in the number of users and lower spending per customer intensify, the Group's performance and financial condition may be adversely affected.」
Reconfirms the risks related to price-cutting competition among golf courses, declining user numbers and lower spending per customer. - FY2023RestatedAnnual report
「Although golf course operations are recognized as being in an extremely difficult environment nationwide, the golf course business of our group has remained stable. However, price competition among golf courses in the prefecture is evident, and if negative factors such as declining visitor numbers and lower spending per customer intensify, our group’s performance and financial position could be adversely affected.」
Reconfirms the risks related to price-cutting competition among golf courses, declining user numbers and lower spending per customer. - FY2021WorsenedAnnual report
「Because key assumptions in future profit and loss projections, including daily visitors, average spend per person, gross profit margin and yield on distributions, are subject to uncertainty, if actual results differ from the estimates, long-term loans receivable may be additionally written down in the consolidated financial statements for the following consolidated fiscal year.」
Identifies as a specific uncertainty in accounting estimates the possibility that fluctuations in golf course user numbers and spending per customer could lead to an additional write-down of long-term loans receivable from an affiliated company. - FY2019RestatedAnnual report
「Price-cutting competition among golf courses in the prefecture is also evident. If negative factors such as a decline in the number of users and lower spending per customer intensify, the Group's performance and financial condition may be adversely affected.」
Reiterates the risks related to price-cutting competition among golf courses, declining user numbers and lower spending per customer. - FY2018RestatedAnnual report
「Price-cutting competition among golf courses in the prefecture is also evident. If negative factors such as a decline in the number of users and lower spending per customer intensify, the Group's performance and financial condition may be adversely affected.」
Reiterates the risks related to price-cutting competition among golf courses, declining user numbers and lower spending per customer. - FY2017RestatedAnnual report
「Price-cutting competition among golf courses in the prefecture is also evident. If negative factors such as a decline in the number of users and lower spending per customer intensify, the Group's performance and financial condition may be adversely affected.」
The Company has reiterated the risks relating to price-cutting competition among golf courses, the number of users and spending per customer. - FY2016First statedAnnual report
「Although golf course operations are recognized as being in an extremely difficult environment nationwide, the golf course business of our group has remained stable. However, price competition among golf courses in the prefecture is evident, and if negative factors such as declining visitor numbers and lower spending per customer intensify, our group’s performance and financial position could be adversely affected.」
The company identifies price competition, visitor numbers and average spending per customer as future risks despite current stability.