Completing preparations to reopen the main building and reducing operating loss
First written in FY2018. 2 of 7 entries say "Restated". Latest entry: FY2020.
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- FY2020AchievedAnnual report
「As a result, despite lower demand due to the COVID-19 pandemic, operating profit was ¥148 million in the first year of operation of the new main building (a loss of ¥2,826 million in the previous fiscal year), and ordinary profit was ¥69 million (a loss of ¥2,835 million in the previous fiscal year), representing significant improvements from the previous fiscal year.」
After resuming operations at the main building, the Company achieved full-year operating income of ¥148 million and ordinary income of ¥69 million, progressing from reducing the operating loss to achieving profitability. - FY2020-Q1AchievedAnnual report
「Sales for the cumulative first quarter were ¥3,183 million, up 126.5% year on year, mainly due to the significant effect of the reopening of the new main building. On the expense side, the Company worked to establish efficient on-site operations in food preparation and customer service and promoted more advanced cost management by reducing the variable labor cost ratio. As a result, operating income was ¥261 million, compared with an operating loss of ¥527 million in the same quarter of the previous year.」
Following the successful reopening of the new main building, sales increased 126.5% year on year and the Company shifted from an operating loss to operating income. The previously stated goal of reducing the operating loss was achieved in the form of a return to operating income. - FY2019WorsenedAnnual report
「We reopened on 8 January 2019 under the unprecedented concept of “new and traditional.” Following the reopening, the business was used by a broad range of customers exceeding our expectations, and we closed the fiscal year amid strong business.」
Although the opening preparations for the new main building were completed, the operating loss was ¥2,826 million. The previously stated reduction in the operating loss was not confirmed as an annual result, and the loss widened from the previous fiscal year. - FY2019-Q3Opening achieved alongside deterioration in lossesAnnual report
「Following completion of the Tokyo Kaikan Building on 15 October 2018, the new Tokyo Kaikan Main Building held its grand opening on 8 January 2019.」
Preparations for the opening of the new main building were completed with the grand opening on 8 January 2019, while the operating loss widened to ¥2,558 million, with no reduction in the operating loss indicated. - FY2019-Q2RestatedAnnual report
「We recorded expenses for proactive opening initiatives, including increased graduate recruitment for the opening of the new Main Building, advance wedding-order activities at the wedding salon, and public-relations activities for the opening of the new Tokyo Kaikan, including opening advertisements in various media.」
The Company continues recruitment, advance bookings for weddings and advertising and PR activities for the opening of the new main building, but does not state that preparations for the opening have been completed or that the operating loss has been reduced. - FY2019-Q1RestatedAnnual report
「Amid this economic environment, we are devoting all our efforts to continuously strengthening the earnings capacity of existing operating locations, which serve as sources of revenue while the Main Building is closed, while preparing for the reopening of the new Main Building in January 2019.」
The Company reconfirmed that preparations for the January 2019 reopening of the new main building are continuing. - FY2018First statedAnnual report
「Preparations for the resumption of operations at the main building, including putting the organisational structure in place and various training programs, are also gathering pace, and while the selection and concentration of management resources has reached a more important stage than ever, all officers and employees will work together with full effort to complete preparations for resuming operations at the main building and reduce the operating loss, as well as strengthen sales at existing locations, with the aim of making it Japan's leading social and entertainment venue.」
For the first time, the Company explicitly stated its goal of reducing the operating loss by preparing the organisational structure, conducting various training programs and strengthening sales at existing locations, with the resumption of operations at the main building as the target timeframe.