Fluctuations in demand from overseas customers and golf membership sales in South Korea

「Taking advantage of the benefits of having 3 golf courses and 2 official hotels, we sought to attract golf players from South Korea through referral agents in South Korea and online reservations. As a result, visitor numbers increased by 3,427 year on year to 73,601, and revenue increased by ¥19,602 thousand year on year to ¥534,391 thousand.」

「At Greenland Resort Golf Course, a 36-hole public golf course, we held a variety of creatively designed open competitions and sought to expand customer acquisition by promoting visits from Korean golfers, whose demand was recovering.」

「We also formed a business partnership with a new referral agent and sought to attract golf players from South Korea, where demand was recovering, by promoting the benefits of having 3 golf courses.」

「As COVID-19 subsided, visits by golfers from South Korea showed a significant recovery. We also established a comprehensive customer-acquisition structure by signing an agreement with a new golf-tour referral agent.」

「At the 3 golf courses, we expanded facilities, improved the courses, and carried out course maintenance. Although visits by golfers from South Korea showed a significant recovery, visitor numbers declined due to poor weather in May and extreme heat during the summer.」

「As COVID-19 subsided, visits by golfers from South Korea showed a significant recovery, helping to raise the base of customer traffic.」

「At the 3 golf courses, visitor numbers continued to increase among younger generations and individual groups. There were also signs of recovery in large golf competitions and visitors from South Korea, resulting in segment revenue increasing by ¥13,237 thousand, or 5.7%, year on year to ¥246,656 thousand.」

「From October, we gradually resumed accepting foreign players from South Korea and worked to further expand customer acquisition.」

「At Greenland Resort Golf Course, a public golf course with 36 holes, we held themed open competitions in each season and Staff Challenge competitions to offset the decline in Korean players caused by restrictions on entry from overseas. As a result, we were able to maintain solid customer acquisition.」

「At the 3 golf courses, individual visits showed signs of recovery from the impact of the spread of COVID-19, but conditions remained difficult for visitors from South Korea and group golf competitions.」

「We worked to offset the decline in visitors from Korean golfers, whose numbers had previously remained solid.」

「At the 3 golf courses, visitor numbers declined as customers from South Korea decreased and group golf competitions were canceled one after another due to the spread of COVID-19.」

「At the 3 golf courses, membership sales in South Korea were sluggish, but visitor numbers increased compared with the previous year, when snowfall and severe weather, particularly in the first quarter, had caused a significant downturn. As a result, segment revenue increased by ¥22,946 thousand, or 3.5%, year on year to ¥688,452 thousand.」

「To promote visits by Korean golfers, whose demand remained solid, and sell new memberships, we added new Korean staff and strengthened cooperation with golf-tour operators in South Korea.」

「Although we are responding to requests for the redemption of membership deposits and proceeding with redemptions, a sharp decline in golf demand or unexpected reputational damage could lead to a surge in redemption requests.」

「At the 3 golf courses, visitor numbers declined and membership sales in South Korea were also sluggish, resulting in segment revenue decreasing by ¥57,204 thousand, or 7.9%, year on year to ¥665,505 thousand.」

「We also strengthened our capacity to accommodate Korean golfers, whose demand remained solid, and worked to further expand customer acquisition and sell new memberships.」

「At the 3 golf courses, the number of domestic and Korean golfers visiting and membership sales in South Korea, which had temporarily declined following the Kumamoto earthquake, recovered. As a result, segment revenue increased by ¥38,239 thousand, or 5.6%, year on year to ¥722,709 thousand, and segment profit was ¥8,216 thousand, compared with a segment loss of ¥30,639 thousand in the same period of the previous year.」

「The number of Korean golfers visiting and the number of memberships sold, both of which had temporarily declined following the Kumamoto earthquake, have also recovered. In addition, we strengthened cooperation with golf-tour operators in South Korea to further expand customer acquisition.」

「Visitor numbers at the 3 golf courses were broadly in line with the previous year, but strong membership sales in South Korea resulted in segment revenue increasing by ¥6,426 thousand, or 2.9%, year on year to ¥227,613 thousand. The segment loss narrowed by ¥4,815 thousand year on year to ¥4,278 thousand.」

「The downturn caused by customers refraining from visiting immediately after the Kumamoto earthquake affected performance, and membership sales in South Korea also remained sluggish, resulting in performance below the previous fiscal year.」

「At the 3 golf courses, in addition to the downturn through the second quarter caused by the Kumamoto earthquake, membership sales in South Korea remained sluggish.」

「At the 3 golf courses, in addition to the impact of domestic and overseas customers, particularly those from South Korea, refraining from visits due to concerns about aftershocks from the Kumamoto earthquake, membership sales in South Korea remained weak.」