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Horai (9679) · FactIncrease in gains on cancellation of membership rights

Increase in quarterly net income due to gains on cancellation of golf membership rights

First written in FY2017-Q1. 5 of 30 entries say "Advanced", first in FY2020. Latest entry: FY2025.

30entries
9years
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ProgressHeldSoftenedWorseOtherFY2017-Q1 – FY2020-Q3AdvancedFY2022-Q1 – FY2022OtherFY2023-Q2 – FY20252017: 420172018: 420182019: 320192020: 320202021: 420212022: 420222023: 320232024: 320242025: 22025
Same theme, other companies
Gain on sale of golf club membership rights and loss on withdrawalA theme 7 companies write about · 4 as a headwind · 2 as a tailwind

2 other companies' latest entry also says "Other".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
  1. FY2025Increase in gains on cancellation of membership rightsAnnual report

    「The gain on the cancellation of golf club memberships recognized as non-operating income was ¥133 million, up ¥8 million from the previous fiscal year and above the prior-year level, but non-operating income and expenses overall were below the previous fiscal year's level, and ordinary income was ¥734 million, up ¥10 million.」

    The gain on the cancellation of golf club memberships increased by ¥8 million from the previous fiscal year to ¥133 million, and ordinary income increased to ¥734 million.
  2. FY2025-H1Ordinary income declined as the gain on cancellation of membership rights decreasedAnnual report

    「The gain on the cancellation of golf club memberships recognized as non-operating income was ¥66 million, down ¥17 million year on year and below the prior-year level, while ordinary income was ¥215 million, down ¥111 million year on year.」

    The gain on the cancellation of golf club memberships decreased by ¥17 million year on year, and ordinary income was also below the prior-year level.
  3. FY2024Ordinary income and net income declined as the gain on cancellation of membership rights decreasedAnnual report

    「Primarily because the gain on the cancellation of golf club memberships recognized as non-operating income was ¥125 million, down ¥75 million from the previous fiscal year and below the prior-year level, ordinary income was ¥724 million, down ¥20 million from the previous fiscal year.」

    The gain on the cancellation of golf club memberships decreased by ¥75 million from the previous fiscal year, and ordinary income was below the prior-year level.
  4. FY2024-Q2Ordinary income increased despite the decline in the gain on cancellationAnnual report

    「Primarily because the company recognized a ¥84 million gain on the cancellation of golf club memberships as non-operating income, down ¥37 million year on year, ordinary income was ¥326 million, up ¥13 million year on year, and quarterly net income was ¥227 million, down ¥6 million year on year.」

    The gain on the cancellation of golf club memberships decreased by ¥37 million year on year, but ordinary income exceeded the prior-year level. Meanwhile, quarterly net income was below the prior-year level.
  5. FY2024-Q1Ordinary income and net income declined as the gain on cancellation of membership rights decreasedAnnual report

    「Primarily because the company recognized a ¥45 million gain on the cancellation of golf club memberships as non-operating income, down ¥6 million year on year, ordinary income was ¥188 million, down ¥21 million year on year, and quarterly net income was ¥130 million, down ¥37 million year on year.」

    The gain on the cancellation of golf club memberships decreased by ¥6 million year on year, and ordinary income and quarterly net income were also below the prior-year levels.
  6. FY2023Ordinary income and net income increased despite the decline in the gain on cancellationAnnual report

    「Primarily because the company recognized a ¥201 million gain on the cancellation of golf club memberships as non-operating income, down ¥17 million from the previous fiscal year, ordinary income was ¥744 million, up ¥62 million from the previous fiscal year, and net income was ¥513 million, up ¥42 million.」

    The gain on the cancellation of golf club memberships decreased by ¥17 million from the previous fiscal year, but ordinary income and net income exceeded the prior-year levels.
  7. FY2023-Q3Ordinary income and net income increased despite the decline in the gain on cancellationAnnual report

    「Primarily because the company recognized a ¥171 million gain on the cancellation of golf club memberships as non-operating income, down ¥7 million year on year, ordinary income was ¥548 million, up ¥62 million year on year, and quarterly net income was ¥372 million, up ¥35 million year on year.」

    The gain on the cancellation of golf club memberships decreased by ¥7 million year on year, while ordinary income and quarterly net income exceeded the prior-year levels.
  8. FY2023-Q2Ordinary income and net income increased despite the decline in the gain on cancellationAnnual report

    「Primarily because the company recognized a ¥122 million gain on the cancellation of golf club memberships as non-operating income, down ¥30 million year on year, ordinary income was ¥313 million, up ¥33 million year on year, and quarterly net income was ¥233 million, up ¥38 million year on year.」

    The gain on the cancellation of golf club memberships decreased by ¥30 million year on year, while ordinary income and quarterly net income exceeded the prior-year levels.
  9. FY2022AdvancedAnnual report

    「Primarily because the company recognized a ¥219 million gain on the cancellation of golf club memberships as non-operating income, up ¥72 million from the previous fiscal year, ordinary income was ¥682 million, up ¥324 million from the previous fiscal year.」

    The gain on the cancellation of golf club memberships increased by ¥72 million from the previous fiscal year to ¥219 million, contributing to the increase in ordinary income.
  10. FY2022-Q3AdvancedAnnual report

    「Primarily because the company recognized a ¥178 million gain on the cancellation of golf club memberships as non-operating income, up ¥70 million year on year, ordinary income was ¥485 million, up ¥150 million year on year, including a ¥10 million negative impact from the application of the revenue recognition accounting standard」

    The gain on the cancellation of golf club memberships increased by ¥70 million year on year to ¥178 million, contributing to the increase in ordinary income.
  11. FY2022-Q2AdvancedAnnual report

    「Primarily because the company recognized a ¥152 million gain on the cancellation of golf club memberships as non-operating income, up ¥77 million year on year, ordinary income was ¥280 million, up ¥25 million year on year, and quarterly net income was ¥195 million, up ¥1 million year on year.」

    The gain on the cancellation of golf club memberships increased by ¥77 million year on year, contributing to increases in ordinary income and quarterly net income.
  12. FY2022-Q1AdvancedAnnual report

    「Primarily because the company recognized a ¥120 million gain on the cancellation of golf club memberships as non-operating income, up ¥83 million year on year, ordinary income was ¥209 million, up ¥28 million year on year, and quarterly net income was ¥145 million, up ¥5 million year on year.」

    The gain on the cancellation of golf club memberships increased by ¥83 million year on year, and ordinary income and quarterly net income exceeded the prior-year levels despite a decline in operating income.
  13. FY2021Ordinary income and net income increase despite lower gains on cancellation of membership rightsAnnual report

    「Primarily because the company recognized a ¥147 million gain on the cancellation of golf club memberships as non-operating income, down ¥89 million from the previous fiscal year, ordinary income was ¥358 million, up ¥177 million, and net income was ¥214 million, up ¥43 million.」

    The gain on the cancellation of golf club memberships declined from the previous fiscal year, while ordinary income and net income exceeded the prior-year levels.
  14. FY2021-Q3Ordinary income and net income increase despite lower gains on cancellation of membership rightsAnnual report

    「Primarily because the company recognized a ¥108 million gain on the cancellation of golf club memberships as non-operating income, down ¥81 million year on year, ordinary income was ¥335 million, up ¥297 million year on year, and quarterly net income was ¥250 million, up ¥219 million year on year.」

    The gain on the cancellation of golf club memberships declined year on year, while ordinary income and quarterly net income exceeded the prior-year levels.
  15. FY2021-Q2Ordinary income and net income increase despite lower gains on cancellation of membership rightsAnnual report

    「Primarily because the company recognized a ¥74 million gain on the cancellation of golf club memberships as non-operating income, down ¥57 million year on year, ordinary income was ¥254 million, up ¥228 million year on year, and quarterly net income was ¥193 million, up ¥146 million year on year.」

    The gain on the cancellation of golf club memberships decreased by ¥57 million year on year, while ordinary income and quarterly net income exceeded the prior-year levels.
  16. FY2021-Q1Ordinary income increased despite the decline in the gain on cancellationAnnual report

    「Primarily because the company recognized a ¥37 million gain on the cancellation of golf club memberships as non-operating income, down ¥13 million year on year, ordinary income was ¥181 million, up ¥156 million year on year, and quarterly net income was ¥139 million, up ¥96 million year on year.」

    The gain on the cancellation of golf club memberships decreased by ¥13 million year on year, while ordinary income and quarterly net income exceeded the prior-year levels.
  17. FY2020AdvancedAnnual report

    「Primarily because the company recognized a ¥236 million gain on the cancellation of golf club memberships as non-operating income, up ¥78 million from the previous fiscal year, ordinary income was ¥181 million, down ¥180 million from the previous fiscal year.」

    The gain on the cancellation of golf club memberships increased to ¥236 million, but ordinary income declined from the previous fiscal year.
  18. FY2020-Q3Ordinary income and net income declined despite the increase in the gain on cancellationAnnual report

    「Primarily because the company recognized a ¥189 million gain on the cancellation of golf club memberships as non-operating income, up ¥37 million year on year, ordinary income was ¥37 million, down ¥213 million year on year. Quarterly net income was ¥31 million, down ¥851 million year on year, as gains on sales of fixed assets and other items recognized in the same period of the previous year were no longer recorded.」

    The gain on the cancellation of golf club memberships increased by ¥37 million year on year, but ordinary income declined, and quarterly net income also fell sharply because gains on sales of fixed assets and other items recognized in the same period of the previous year were no longer recorded.
  19. FY2020-Q2Ordinary income declined despite the increase in the gain on cancellationAnnual report

    「Primarily because the company recognized a ¥132 million gain on the cancellation of golf club memberships as non-operating income, up ¥63 million year on year, ordinary income was ¥25 million, down ¥49 million year on year.」

    The gain on the cancellation of golf club memberships increased year on year, but ordinary income was below the prior-year level.
  20. FY2019-Q3Ordinary income improved as the gain on cancellation of membership rights increasedAnnual report

    「Primarily because the company recognized a ¥152 million gain on the cancellation of golf club memberships as non-operating income, up ¥37 million year on year, ordinary income was ¥251 million, up ¥42 million year on year.」

    The gain on the cancellation of golf club memberships increased by ¥37 million year on year, and ordinary income also exceeded the prior-year level.
  21. FY2019-Q2Ordinary income improved as the gain on cancellation of membership rights increasedAnnual report

    「Primarily because the company recognized a ¥69 million gain on the cancellation of golf club memberships as non-operating income, up ¥13 million year on year, ordinary income was ¥75 million, up ¥16 million year on year.」

    The gain on the cancellation of golf club memberships increased year on year, and ordinary income exceeded the prior-year level.
  22. FY2019-Q1Net income declined despite the increase in the gain on cancellationAnnual report

    「Primarily because the company recognized a ¥34 million gain on the cancellation of golf club memberships as non-operating income, up ¥15 million year on year, ordinary income was ¥51 million, up ¥52 million year on year. Due in part to the recognition of a ¥40 million valuation loss on investment securities, quarterly net income was ¥15 million, down ¥7 million year on year.」

    The gain on the cancellation of golf club memberships increased and ordinary income improved, but quarterly net income was below the prior-year level due to valuation losses on investment securities and other factors.
  23. FY2018Profit declined as the gain on cancellation decreasedAnnual report

    「Primarily because the company recognized a ¥154 million gain on the cancellation of golf club memberships as non-operating income, down ¥34 million from the previous fiscal year, ordinary income was ¥431 million, down ¥48 million, and net income was ¥342 million, down ¥33 million.」

    The gain on the cancellation of golf club memberships decreased by ¥34 million from the previous fiscal year, and ordinary income and net income were also below the prior-year levels.
  24. FY2018-Q3Profit declined as the gain on cancellation decreasedAnnual report

    「Primarily because the company recognized a ¥115 million gain on the cancellation of golf club memberships as non-operating income, down ¥38 million year on year, ordinary income was ¥209 million, down ¥49 million year on year, and quarterly net income was ¥170 million, down ¥65 million year on year.」

    The gain on the cancellation of golf club memberships decreased by ¥38 million year on year, and ordinary income and quarterly net income were also below the prior-year levels.
  25. FY2018-Q2Profit declined as the gain on cancellation decreasedAnnual report

    「Primarily because the company recognized a ¥55 million gain on the cancellation of golf club memberships as non-operating income, down ¥49 million year on year, ordinary income was ¥58 million, down ¥51 million year on year, and quarterly net income was ¥64 million, down ¥64 million year on year.」

    The gain on the cancellation of golf club memberships decreased by ¥49 million year on year, and ordinary income and quarterly net income were also below the prior-year levels.
  26. FY2018-Q1Ordinary loss due to lower gains on cancellation of membership rightsAnnual report

    「Primarily because the company recognized a ¥18 million gain on the cancellation of golf club memberships as non-operating income, down ¥49 million year on year, ordinary loss was ¥0 million, compared with ordinary income of ¥87 million in the same period of the previous year, and quarterly net income was ¥23 million, down ¥90 million year on year.」

    The gain on the cancellation of golf club memberships decreased by ¥49 million year on year, ordinary income turned into a loss, and quarterly net income also declined.
  27. FY2017Ordinary income and net income increase despite lower gains on cancellation of membership rightsAnnual report

    「Ordinary income was ¥479 million, up ¥12 million year on year, and net income was ¥375 million, up ¥32 million year on year, mainly due to the recognition of a ¥188 million gain on the cancellation of golf membership rights in non-operating income, down ¥15 million from the previous fiscal year.」

    Although the gain on cancellation of golf membership rights decreased, ordinary income and net income exceeded the previous year’s levels.
  28. FY2017-Q3Net income declines despite lower gains on cancellation of membership rightsAnnual report

    「Ordinary income was ¥258 million, down ¥90 million year on year, and quarterly net income was ¥235 million, down ¥12 million year on year, mainly due to the recognition of a ¥153 million gain on the cancellation of golf membership rights in non-operating income, down ¥21 million year on year.」

    The gain on cancellation of golf membership rights decreased year on year, and both ordinary income and quarterly net income fell below the year-earlier levels.
  29. FY2017-Q2Net income declines despite higher gains on cancellation of membership rightsAnnual report

    「Ordinary income was ¥109 million, down ¥97 million year on year, and quarterly net income was ¥128 million, down ¥18 million year on year, mainly due to the recognition of a ¥104 million gain on the cancellation of golf membership rights in non-operating income, up ¥4 million year on year.」

    Although the gain on cancellation of golf membership rights increased year on year, both ordinary income and quarterly net income fell below the year-earlier levels.
  30. FY2017-Q1First statedAnnual report

    「Ordinary income was ¥87 million, down ¥29 million year on year, mainly due to the recognition of a ¥68 million gain on the cancellation of golf membership rights in non-operating income, up ¥25 million year on year. Quarterly net income was ¥113 million, up ¥27 million year on year.」

    The recognition of a ¥68 million gain on the cancellation of golf membership rights was the main factor behind the decline in ordinary income, while quarterly net income increased year on year.
Moved together

"Strengthening visitor attraction through event planning and attracting large-scale golf competitions" moved the same way as this thread, in the same document, in 5 of its 30 moves.

555443★123456
  1. ★This thread
  2. 1Strengthening visitor attraction through event planning and attracting large-scale golf competitions5×
  3. 2Equity ratio rises to 37.5%5×
  4. 3Planned redemption of golf membership deposits5×
  5. 4Reallocation of responsibilities among directors and executive officers and appointment of a new head of the Golf Business Headquarters4×
  6. 5Strengthening direct sales services through customer acquisition initiatives, product revisions and expansion of recreational facilities4×
  7. 6Investment in Facility Upgrades and Strengthening Visitor Reception Capacity3×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

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Horai's next results are scheduled for 2026-10-30. Read the earnings preview
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Increase in quarterly net income due to gains on cancellation of golf membership rights | HORAI Co.,Ltd. (9679) | Komori