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Horai (9679) · RiskMaterialised

Decline in golf visitor numbers due to unseasonably heavy snow

First written in FY2017-Q1. 9 of 10 entries say "Materialised", first in FY2017-Q2. Latest entry: FY2024-Q2.

10entries
8years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseMaterialisedFY2017-Q2 – FY2024-Q22017: 220172018: 420182019: 020192020: 120202021: 020212022: 220222023: 020232024: 12024
Same theme, other companies
Deterioration in golf course business performance due to adverse weather conditionsA theme 6 companies write about · 7 as a headwind · 0 as a tailwind

Horai moved to the "Worse" side of this theme in 2017, 4 years before the typical company in this theme (2021).

The whole theme swung hardest in 2018: 5 of 6 companies on the "Worse" side.

3 other companies' latest entry also says "Materialised".

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. FY2024-Q2MaterialisedAnnual report

    「Operating revenue fell below the same period of the previous year, mainly due to a decline in visitor numbers caused by snow and rain in March 2024 and a decrease in revenue related to the National Sports Festival held in October 2022, and amounted to ¥337 million, down ¥6 million year on year.」

    Snow and rain actually occurred in March 2024, resulting in a decline in golf visitor numbers and lower revenue year on year.
  2. FY2022-Q2MaterialisedAnnual report

    「As a result, visitor numbers in October and November exceeded the same period of the previous year, but from December onward, the impact of closures due to snow cover was significant, and visitor numbers fell well below the corresponding months of the previous year.」

    Visitor numbers exceeded the same period of the previous year from October through November, while course closures due to snow cover occurred from December onward, resulting in a significant decline in visitor numbers.
  3. FY2022-Q1MaterialisedAnnual report

    「Although visitor numbers from October through November exceeded those in the same period of the previous year, December visitor numbers were significantly below the prior-year month due to snowfall and other factors.」

    Visitor numbers exceeded the prior-year level from October through November, but fell significantly below the prior-year month in December due to snowfall and other factors, resulting in actual weather-related fluctuations in golf visitor numbers.
  4. FY2020MaterialisedAnnual report

    「Sharp decline in bookings following the spread of COVID-19 from April onward」

    In addition to weather conditions, a decline in bookings due to the spread of COVID-19 actually occurred, resulting in lower full-year visitor numbers and revenue in the golf business.
  5. FY2018MaterialisedAnnual report

    「However, the arrival of major typhoons for 2 consecutive weeks in early autumn, course closures caused by heavy snowfall during severe cold waves at year-end and the beginning of the new year, and extreme summer heat had a significant impact, and cumulative visitor numbers fell short of the previous fiscal year's level」

    Major typhoons, heavy snowfall during severe cold waves resulting in course closures, and extreme heat actually occurred, and golf visitor numbers were below the previous fiscal year's level.
  6. FY2018-Q3MaterialisedAnnual report

    「Visitor numbers from spring onward exceeded the prior-year level, but the arrival of major typhoons for 2 consecutive weeks in early autumn and course closures caused by heavy snowfall during severe cold waves at year-end and the beginning of the new year had a significant impact, and cumulative visitor numbers fell short of the prior-year level」

    Major typhoons and heavy snowfall during severe cold waves actually occurred, resulting in course closures and golf visitor numbers below the prior-year level.
  7. FY2018-Q2MaterialisedAnnual report

    「However, the arrival of major typhoons for 2 consecutive weeks in early autumn and course closures caused by heavy snowfall during severe cold waves at year-end and the beginning of the new year had a significant impact, and visitor numbers fell short of the prior-year level」

    Major typhoons and heavy snowfall during severe cold waves actually occurred, resulting in course closures and golf visitor numbers below the prior-year level.
  8. FY2018-Q1MaterialisedAnnual report

    「However, the arrival of major typhoons for 2 consecutive weeks in early autumn and course closures caused by heavy snowfall during a severe cold wave at year-end had a significant impact, and visitor numbers were approximately 1,100 below the prior-year level.」

    Major typhoons and heavy snowfall during a severe cold wave actually occurred, resulting in course closures and golf visitor numbers approximately 1,100 below the prior-year level.
  9. FY2017-Q2MaterialisedAnnual report

    「Partly due to the cancellation of some tournaments because of torrential rain and course closures caused by unseasonable snow, visitor numbers were slightly below the prior-year level.」

    Some tournaments were cancelled because of torrential rain, and course closures due to unseasonable snow actually occurred during the cumulative period of the current quarter.
  10. FY2017-Q1First statedAnnual report

    「Although weather conditions were relatively favorable, course closures caused by unseasonably heavy snowfall in the second half of November had a significant impact, and visitor numbers were below the prior-year level.」

    Course closures due to unseasonably heavy snowfall in the second half of November actually occurred, resulting in a year-on-year decline in golf visitor numbers.
Moved together

"Fluctuations in visitor numbers at Senbonmatsu Farm due to consumer preferences, economic conditions, weather and other factors" moved the same way as this thread, in the same document, in 7 of its 10 moves.

753322★123456
  1. ★This thread
  2. 1Fluctuations in visitor numbers at Senbonmatsu Farm due to consumer preferences, economic conditions, weather and other factors7×
  3. 2Improvement in Operating Gross Loss at Senbonmatsu Farm and the Golf Business5×
  4. 3Uncertainty arising from economic conditions, foreign exchange rates, overseas developments and disasters3×
  5. 4Impact of COVID-19 on business activities and earnings3×
  6. 5The structural deficit inherent in the Senbonmatsu business2×
  7. 6Numerical Targets in the 3-Year Medium-Term Management Plan2×

★ 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.

When this could move next
Horai's next results are scheduled for 2026-10-30. Read the earnings preview
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.
Decline in golf visitor numbers due to unseasonably heavy snow | HORAI Co.,Ltd. (9679) | Komori