Concentration of refund claims for golf membership deposits
First written in FY2016. 11 of 17 entries say "Mitigated", first in FY2020-Q1. Latest entry: FY2025.
0 other companies' latest entry also says "Mitigated".
- FY2025MitigatedAnnual report
「Membership deposit 4,504,650」
Golf membership deposits declined from ¥4,746.950 million at the end of the previous fiscal year to ¥4,504.650 million, as the balance continued to shrink due to refunds. - FY2024MitigatedAnnual report
「Membership deposits are not included in “Liabilities (2) Long-term deposits received” because it is not possible to reasonably estimate, among other matters, when the related future cash flows will arise. The amounts recognized on the balance sheet for this financial instrument are as follows.」
Golf membership deposits stood at ¥4,746.950 million, down from ¥4,986.600 million at the end of the previous fiscal year. - FY2024-Q2MitigatedAnnual report
「Payments for refunds of membership deposits: △¥79.191 million」
During the six-month period, the company refunded ¥79.191 million in membership deposits and continues to process refunds. - FY2023MitigatedAnnual report
「Membership deposits are not included in “Liabilities (2) Long-term deposits received” because it is not possible to reasonably estimate, among other matters, when the related future cash flows will arise. The amounts recognized on the balance sheet for this financial instrument are as follows.」
Golf membership deposits decreased to ¥4,986.6 million, reflecting continued reductions in the balance from the previous fiscal year. - FY2023-Q3MitigatedAnnual 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 from the end of the previous fiscal year, mainly due to a decrease in long-term deposits received, indicating continued reductions in balances related to concentrated refund claims. - FY2023-Q2MitigatedAnnual report
「Liabilities decreased by ¥568 million from the end of the previous fiscal year, mainly due to a decrease in long-term deposits received, to ¥9,712 million.」
Liabilities decreased by ¥568 million from the end of the previous fiscal year, mainly due to a decrease in long-term deposits received, indicating continued reductions in balances related to concentrated refund claims. - FY2023-Q1MitigatedAnnual report
「Long-term deposits received 5,975,826 5,881,846」
The balance of long-term deposits received decreased from ¥5,975.826 million at the end of the previous fiscal year to ¥5,881.846 million, reflecting continued reductions associated with refunds. - FY2022MitigatedAnnual report
「Golf membership deposits: 5,400,450 (73,200)」
The balance of golf membership deposits decreased from ¥5,890.8 million in the previous fiscal year to ¥5,400.45 million, indicating progress in processing refunds. - FY2022-Q2MitigatedAnnual report
「Payments for refunds of membership deposits: △¥133.88 million」
During the six-month period, the company refunded ¥133.88 million in membership deposits and continues to process refunds. - FY2021MitigatedAnnual report
「Golf membership deposits: 5,890,800 (93,600)」
The balance of golf membership deposits was ¥5,890.8 million, reflecting continued reductions from the previous fiscal year due to refunds and other factors. However, the risk of concentrated refund claims remains. - FY2020RestatedAnnual report
「Golf membership deposits: ¥6,572.3 million」
Golf membership deposits of ¥6,572.3 million remain outstanding, and the company continues to face financial risk from concentrated refund claims. - FY2020-Q3RestatedAnnual report
「Regarding the issue concerning golf membership deposits among the issues identified in the previous fiscal year, the board of directors resolved on 31 January 2020 to extend the deferral period for all members' current golf membership deposits by 10 years, among other measures.」
The company continues to cite the extension of the deferral period for all members' golf membership deposits by 10 years as a measure to address the risk of concentrated refund claims. - FY2020-Q2RestatedAnnual report
「Regarding the issue concerning golf membership deposits among the issues identified in the previous fiscal year, the board of directors resolved on 31 January 2020 to extend the deferral period for all members' current golf membership deposits by 10 years, among other measures.」
The company continues to cite the extension of the deferral period for all members' golf membership deposits by 10 years as a measure to address the risk of concentrated refund claims. - FY2020-Q1MitigatedAnnual report
「Extension of the deferral period for all members' current golf membership deposits by 10 years, among other measures. Balance of golf membership deposits at the end of the first quarter: ¥7,196 million」
To address the expiration of deferral periods concentrated in August 2020, the company resolved to extend the deferral period for all members' golf membership deposits by 10 years, addressing the near-term risk of concentrated refund claims. - FY2018RestatedAnnual report
「If refund claims are concentrated after the deferral period expires, this could affect the financial condition of the company as a whole.」
The company has reiterated the financial risk arising from concentrated refund claims for golf membership deposits. - FY2017RestatedAnnual report
「If refund claims are concentrated after the deferral period expires, this could affect the financial condition of the company as a whole.」
The company has reiterated the financial risk arising from concentrated refund claims for golf membership deposits. - FY2016First statedAnnual report
「If refund claims are concentrated after the deferral period expires, this could affect the financial condition of the company as a whole.」
The concentration of refund claims after the deferral period expires is identified as a liquidity and financial risk that could affect the company's overall finances.