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Smartvalue (9417) · RiskFirst stated

Cancellation risk for Smart Venue rental reservations

First written in FY2026. . Latest entry: FY2026.

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Risk of volatility in venue rental revenue due to booking cancellationsA theme 1 companies write about · 1 as a headwind · 0 as a tailwind

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  1. FY2026First statedAnnual report

    「The venue rental business operated by the Group through Smart Venue accepts applications several years before the date of use. A reservation contract is formed when the basic usage fee has been received in full in advance. The terms of use provide that no refunds will be made once the date is 9 months away, helping prevent cancellations and secure profit. However, if an applicant cancels a reservation for personal reasons, this could adversely affect the Group's results, including by reducing revenue and profit.」

    Reservation cancellations in the GLION ARENA KOBE venue rental business were identified explicitly as a standalone risk for the first time. The disclosure lists advance payment and setting the point from which refunds are unavailable as countermeasures.
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Cancellation risk for Smart Venue rental reservations | Smartvalue Co.,Ltd. (9417) | Komori