Risk of the Events Business Falling Short of its Revenue Plan
First written in FY2017. 4 of 6 entries say "Mitigated", first in FY2024-Q1. Latest entry: FY2025.
The whole theme swung hardest in 2020: 8 of 9 companies on the "Worse" side.
4 other companies' latest entry also says "Mitigated".
- FY2025MitigatedAnnual report
「Theatrical revenue increased by ¥1.145 billion, or 7.9%, from the previous consolidated fiscal year to ¥15.685 billion, as films released during the fiscal year, including "Kingdom: Return of the Great General," performed well and attendance at the Anpanman Children's Museum remained solid.」
Theatrical revenue from films, theme parks and other businesses increased by 7.9%, indicating a recovery in the event business and a reduced risk of failing to meet its earnings plan. - FY2024MitigatedAnnual report
「Theatrical revenue increased by ¥4.66 billion, or 47.2%, from the previous consolidated fiscal year to ¥14.54 billion, as events including the stage production "My Neighbor Totoro," "Disney Animation Immersive Experience" and "The Louvre Museum Exhibition: Painting Love" performed extremely well, while attendance at the Anpanman Children's Museum remained strong.」
The recovery of events, exhibitions and theme parks resulted in a substantial increase in theatrical revenue. - FY2024-Q2MitigatedAnnual report
「Box-office revenue increased by ¥2.419 billion, or 55.7%, from the same quarter of the previous year to ¥6.765 billion, owing to the extremely strong performance of events such as “The Louvre Museum Exhibition: Painting Love” and “Disney Animation Immersive Experience,” together with the lifting of the restrictions on activities described above, as well as strong attendance at the “Anpanman Children’s Museum.”」
Strong event performance and robust theme park attendance after restrictions on activities were lifted increased theatrical revenue by 55.7% year on year. - FY2024-Q1MitigatedAnnual report
「Box-office revenue increased by ¥963 million, or 47.1%, from the same quarter of the previous year to ¥3.011 billion, owing to the extremely strong performance of events such as “The Louvre Museum Exhibition: Painting Love” and “Disney Animation Immersive Experience,” together with the lifting of the restrictions on activities described above, as well as continued growth in attendance at the “Anpanman Children’s Museum.”」
The strong performance of events and continued growth in theme park attendance after restrictions on activities were lifted increased theatrical revenue by 47.1% year on year. This represents mitigation through earnings recovery, rather than the actual occurrence of the risk. - FY2021MaterialisedAnnual report
「Although the films handled by the company, including "From Today, It's My Turn!!" and "New Interpretation of the Romance of the Three Kingdoms," became major hits, theatrical revenue decreased by ¥2.233 billion, or 21.4%, from the previous consolidated fiscal year to ¥8.205 billion due to the cancellation and postponement of events amid the COVID-19 pandemic.」
The cancellation and postponement of events caused theatrical revenue to decline by 21.4%, and the risk of failing to meet the event business earnings plan materialized as an actual decline in revenue. - FY2017First statedAnnual report
「However, there is no guarantee that actual revenue from event ticket sales or sales of related merchandise and other goods will generate earnings in line with the simulation. If the earnings initially planned cannot be secured, the Group's operating results and financial position may be affected.」
The company identifies the risk that revenue from tickets and related products for art exhibitions, theater productions and live music events may fall below plan.