Komori
Horai (9679) · InitiativeAdvanced

Planned redemption of golf membership deposits

First written in FY2016. 23 of 26 entries say "Advanced", first in FY2017-Q2. Latest entry: FY2025.

26entries
10years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseAdvancedFY2017-Q2 – FY2019-Q2AdvancedFY2020 – FY20252016: 12017: 220172018: 320182019: 120192020: 420202021: 420212022: 420222023: 420232024: 220242025: 12025
Same theme, other companies
Planned redemption of golf membership guarantee depositsA theme 1 companies write about · 1 as a headwind · 0 as a tailwind

No other company in this theme has enough history to compare yet.

Full recordFilings, disclosures and news, newest first
  1. FY2025AdvancedAnnual report

    「Expenditure of △¥111.025 million for refunds of membership deposits」

    During the fiscal year, the company refunded ¥111.025 million in membership deposits and continued its planned redemption measures.
  2. FY2024AdvancedAnnual report

    「Expenditure of △¥110.941 million for refunds of membership deposits」

    During the fiscal year, the company refunded ¥110.941 million in membership deposits and continued its planned redemption measures.
  3. FY2024-Q2AdvancedAnnual report

    「Payments for refunds of membership deposits: △¥79.191 million」

    The company continued the planned redemption of membership deposits and refunded ¥79.191 million during the cumulative period of the first 2 quarters.
  4. FY2023AdvancedAnnual report

    「Expenditure of △¥153.565 million for refunds of membership deposits」

    During the fiscal year, the company refunded ¥153.565 million in membership deposits and continued its planned redemption measures.
  5. FY2023-Q3AdvancedAnnual report

    「Liabilities decreased by ¥740 million from the end of the previous fiscal year, mainly due to a decrease in long-term deposits received, to ¥9,540 million.」

    Liabilities decreased by ¥740 million due to a decline in long-term deposits received, and the redemption and balance reduction of golf deposits received are progressing.
  6. FY2023-Q2AdvancedAnnual report

    「Expenditure of △¥91.875 million for refunds of membership deposits」

    During the cumulative period of the first 2 quarters, the company refunded ¥91.875 million in membership deposits and continued its planned redemption measures.
  7. FY2023-Q1AdvancedAnnual report

    「Liabilities decreased by ¥403 million from the end of the previous fiscal year to ¥9,877 million, mainly due to declines in accrued corporate taxes and other liabilities, accounts payable and long-term deposits received.」

    Liabilities declined by ¥403 million from the end of the previous fiscal year, including a decrease in long-term deposits received.
  8. FY2022AdvancedAnnual report

    「Expenditure of △¥271.181 million for refunds of membership deposits」

    During the fiscal year, the company refunded more than ¥271 million in membership deposits and continued its planned redemption measures.
  9. FY2022-Q3AdvancedAnnual report

    「Liabilities decreased by ¥591 million from the end of the previous fiscal year to ¥10,307 million, mainly due to a decline in long-term deposits received.」

    Liabilities decreased by ¥591 million from the end of the previous fiscal year, mainly due to a decline in long-term deposits received, and the redemption and balance reduction of golf deposits received are progressing.
  10. FY2022-Q2AdvancedAnnual report

    「Payments for refunds of membership deposits: △¥133.88 million」

    During the cumulative period of the first 2 quarters, the company refunded ¥133.880 million and advanced the planned redemption of golf deposits received.
  11. FY2022-Q1AdvancedAnnual report

    「Liabilities decreased by ¥570 million from the end of the previous fiscal year to ¥10,327 million, mainly due to a decline in long-term deposits received.」

    Liabilities decreased by ¥570 million from the end of the previous fiscal year, mainly due to a decline in long-term deposits received, and the deposit balance continued to shrink.
  12. FY2021AdvancedAnnual report

    「Expenditure of △¥534.441 million for refunds of membership deposits」

    During the fiscal year, the company refunded more than ¥534 million in membership deposits and continued its planned redemption measures.
  13. FY2021-Q3AdvancedAnnual report

    「Liabilities decreased by ¥467 million from the end of the previous fiscal year to ¥10,828 million, mainly due to a decline in long-term deposits received.」

    Liabilities decreased by ¥467 million from the end of the previous fiscal year, mainly due to a decline in long-term deposits received. The text does not expressly state that the entire decrease resulted from refunds.
  14. FY2021-Q2AdvancedAnnual report

    「Expenditure of △¥180.725 million for refunds of membership deposits」

    During the cumulative period of the first 2 quarters, the company refunded more than ¥180 million in membership deposits and continued its planned redemption measures.
  15. FY2021-Q1AdvancedAnnual report

    「Liabilities decreased by ¥120 million from the end of the previous fiscal year to ¥11,176 million, mainly due to a decline in long-term deposits received.」

    Liabilities decreased by ¥120 million from the end of the previous fiscal year, mainly due to a decline in long-term deposits received, confirming a reduction in the deposit balance.
  16. FY2020AdvancedAnnual report

    「Expenditure of △¥487.740 million for refunds of membership deposits」

    During the fiscal year, the company refunded more than ¥487 million in membership deposits and continued its redemption measures.
  17. FY2020-Q3RestatedAnnual report

    「We have resolved to extend the current 10-year deferment period for membership deposits for all members, among other measures.」

    The company continues to explain its resolution to extend the deferment period by 10 years in relation to the existing issue of planned redemption measures.
  18. FY2020-Q2AdvancedAnnual report

    「Expenditure of △¥213.125 million for refunds of membership deposits」

    During the cumulative period of the first 2 quarters, the company refunded more than ¥213 million in membership deposits and continued its redemption measures.
  19. FY2020-Q1SoftenedAnnual report

    「Extension of the current 10-year deferment period for membership deposits for all members, among other measures」

    Instead of planned refund measures, the company resolved to extend the deferment period by 10 years. A specific measure to postpone the timing of refunds has been presented.
  20. FY2019-Q2AdvancedAnnual report

    「Expenditure of △¥72.755 million for refunds of membership deposits」

    During the cumulative period of the first 2 quarters, the company refunded approximately ¥73 million in membership deposits and continued its planned redemption measures.
  21. FY2018AdvancedAnnual report

    「Expenditure of ¥119.915 million for refunds of membership deposits」

    During the fiscal year, the company refunded approximately ¥120 million in membership deposits, while long-term deposits received also declined from the end of the previous fiscal year, indicating that redemption measures are continuing.
  22. FY2018-Q3AdvancedAnnual report

    「Liabilities decreased by ¥323 million from the end of the previous fiscal year to ¥9,658 million, mainly due to a decline in long-term deposits received.」

    The company stated that long-term deposits received had decreased by ¥323 million from the end of the previous fiscal year, confirming a reduction in the deposit balance. However, the text does not expressly state that the entire decrease resulted from refunds.
  23. FY2018-Q2AdvancedAnnual report

    「Expenditure of ¥42 million for refunds of membership deposits」

    During the cumulative period of the first 2 quarters, the company refunded ¥42 million in membership deposits and continued its planned redemption measures.
  24. FY2017AdvancedAnnual report

    「Expenditure of ¥141.690 million for refunds of membership deposits」

    During the fiscal year, the company refunded more than ¥141 million in membership deposits, making its planned redemption measures a concrete full-year expenditure.
  25. FY2017-Q2AdvancedAnnual report

    「Expenditure of ¥74 million for refunds of membership deposits」

    During the cumulative period of the first 2 quarters, the company recorded expenditure of ¥74 million for refunds of membership deposits, indicating that its planned redemption measures are progressing as actual expenditures.
  26. FY2016First statedAnnual report

    「Regarding golf membership deposits, we will systematically address the company-wide issue of determining how to respond after the deferment period expires.」

    The company has indicated a policy of systematically addressing the response to golf membership deposits after the deferment period expires as a company-wide issue.
When this could move next
Horai's next results are scheduled for 2026-10-30. Read the earnings preview
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Planned redemption of golf membership deposits | HORAI Co.,Ltd. (9679) | Komori