The structural deficit inherent in the Senbonmatsu business
First written in FY2016. 6 of 16 entries say "Worsened", first in FY2020. Latest entry: 2026-07-30.
No other company in this theme has enough history to compare yet.
- 2026-07-30WorsenedEarnings
「Operating costs exceeded the year-earlier level, mainly due to higher expenses related to major repairs to the aging water receiving tank, facility construction associated with the introduction of “G-CART,” and promotional activities, resulting in an operating gross loss of ¥102 million, a deterioration of ¥49 million year on year.」
Within the Senbonmatsu business, the golf business's structural loss-making position worsened amid higher expenses. - FY2026-H1WorsenedAnnual report
「As a result, operating revenue was ¥375 million, up ¥19 million year on year. Operating costs exceeded the same period of the previous year, mainly due to higher personnel expenses and costs related to course maintenance and facility renovations, and gross operating loss was ¥100 million, a deterioration of ¥36 million year on year.」
Although the golf business reported higher revenue, its operating gross loss expanded to ¥100 million due to higher personnel, course maintenance and facility renovation costs, indicating deterioration in progress toward addressing its structural deficit. - FY2025MitigatedAnnual report
「As a result, the number of visitors exceeded the previous fiscal year and operating revenue was ¥846 million, up ¥72 million year on year. Operating costs exceeded the previous fiscal year, mainly due to higher costs related to facility renovations and sales promotion, and the operating gross loss was ¥34 million, an improvement of ¥43 million year on year.」
The golf business remained loss-making, but increased visitors and a ¥43 million improvement in the operating gross loss indicate some improvement in its structurally loss-making profile. - FY2024WorsenedAnnual report
「Operating revenue fell below the previous fiscal year, mainly due to a decline in visitors resulting from the impact of fee revisions and other factors, to ¥773 million, down ¥54 million year on year. Operating costs exceeded the previous fiscal year, mainly due to higher costs for renewing course maintenance equipment and renovating facilities, and the operating gross loss was ¥77 million, a deterioration of ¥65 million year on year.」
The golf business reported lower revenue due to fee revisions and other factors, while higher equipment renewal and facility renovation costs caused the operating gross loss to expand to ¥77 million. - FY2024-Q2WorsenedAnnual report
「Operating gross profit was ¥11 million (¥22 million improved year on year). Operating gross loss was ¥64 million (¥16 million worse year on year).」
While Senbonmatsu Farm maintained profitability, the golf business reported an operating gross loss of ¥64 million, with its loss expanding year on year. Progress therefore differed between the businesses within the Senbonmatsu business overall. - FY2023MitigatedAnnual report
「Senbonmatsu Farm achieved a return to operating profitability for the first time in 13 periods. Although the golf business’s loss narrowed substantially, it has not yet returned to profitability.」
Regarding the Senbonmatsu business’s long-standing structural deficit, Senbonmatsu Farm became profitable for the full year and the golf business narrowed its loss. - FY2023-Q3MitigatedAnnual report
「Operating gross profit was ¥17 million (¥70 million improved year on year). Operating gross loss was ¥43 million (¥18 million improved year on year).」
Senbonmatsu Farm returned to operating profitability, and the golf business’s operating gross loss also improved year on year, indicating some improvement in the Senbonmatsu business’s structurally loss-making profile. However, the golf business continues to report an operating gross loss. - FY2023-Q2WorsenedAnnual report
「The operating gross loss was ¥11 million, an improvement of ¥62 million year on year.” “The operating gross loss was ¥48 million, an improvement of ¥22 million year on year.」
The operating gross losses of the Senbonmatsu Farm and golf business improved year on year, but both businesses remained in the red during the cumulative second-quarter period. - FY2022MitigatedAnnual report
「The operating gross loss was ¥18 million, an improvement of ¥147 million year on year.” “The operating gross loss was ¥34 million, a deterioration of ¥31 million year on year.」
The Senbonmatsu Farm’s loss improved substantially, while the golf business’s loss worsened. Neither business achieved operating profitability. - FY2021MitigatedAnnual report
「The operating gross loss was ¥165 million, an improvement of ¥36 million year on year.” “The operating gross loss was ¥2 million, an improvement of ¥215 million year on year.」
The operating gross losses of both Senbonmatsu Farm and the golf business improved year on year, indicating some improvement in their structurally loss-making profiles, but neither the farm nor the golf business achieved operating profitability. - FY2021-Q2Golf loss improves; farm loss remains flatAnnual report
「Gross operating loss was ¥96 million, at the same level as the previous year. Gross operating loss was ¥43 million, an improvement of ¥65 million year on year.」
Although the Senbonmatsu Farm’s loss was at the same level as in the year-earlier period, the golf business’s loss improved by ¥65 million, indicating differing progress between the businesses in addressing their structural deficits. - FY2021-Q1MitigatedAnnual report
「The operating gross loss was ¥15 million, an improvement of ¥20 million year on year.” “Operating gross profit was ¥22 million, marking a return to profitability for the first time in 5 years since the fiscal year ended September 2016, an improvement of ¥44 million year on year.」
The company states that the Senbonmatsu Farm’s operating gross loss improved and the golf business returned to operating gross profit, indicating some improvement in the Senbonmatsu business’s structurally loss-making profile. - FY2020WorsenedAnnual report
「Through thorough reform of the cost structure, we are reducing loss-making divisions and directing management resources to profitable divisions.」
On the assumption that the Senbonmatsu Farm and golf businesses have a structurally loss-making profile, the company has explicitly stated that it will reduce loss-making divisions and allocate resources to profitable divisions. The challenge of addressing the structural deficit remains. - FY2018RestatedAnnual report
「In addition, for loss-making businesses, we will steadily advance the fundamental restructuring measures undertaken to date and aim to return them to profitability at an early stage.」
The company continues to pursue fundamental restructuring and an early return to profitability for loss-making businesses. - FY2017RestatedAnnual report
「For loss-making businesses, we will steadily advance the fundamental restructuring measures undertaken to date and aim to return them to profitability at an early stage.」
The company continues to pursue fundamental restructuring and an early return to profitability for loss-making businesses, including the Senbonmatsu business. - FY2016First statedAnnual report
「We are undertaking a fundamental restructuring of the Senbonmatsu business, comprising Senbonmatsu Farm and the golf business, which has a structurally loss-making profile.」
The company describes the Senbonmatsu Farm and golf businesses as having a structurally loss-making profile in its discussion of the current state of its management strategy.