Decline in Membership Fee Revenue Due to Changes to the Membership System
First written in FY2019-Q2. 1 of 3 entries say "Worsened", first in FY2019. Latest entry: FY2019.
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- FY2019WorsenedAnnual report
「Although the fitness club and tenant businesses generated stable revenue, revenue from the Other segment was ¥507 million, down 3.7% from the same period of the previous year due to a substantial decline in membership fee revenue resulting from changes to the membership system.」
While fitness club and tenant revenue remained stable, the substantial decline in membership fee revenue resulting from changes to the membership system continued for the full fiscal year, resulting in a 3.7% decline in revenue from the Other segment. - FY2019-Q3Smooth transition to the integrated membership system, while the decline in membership fee revenue continuesAnnual report
「At Hotel Okura Kyoto, the accommodation segment struggled through September due to the impact of natural disasters and other factors, but group bookings were strong in October and November, providing support. Individuals also remained solid because the membership system integrated in July was transitioned smoothly, among other factors, resulting in sales increasing by ¥16 million from the same period of the previous year. Revenue from the Other segment was ¥379 million, down 3.7% from the same period of the previous year. The main factor behind the decline was lower membership fee revenue resulting from changes to the membership system.」
Although the membership system integrated in July transitioned smoothly in the accommodation segment, the decline in membership fee revenue associated with the system changes continues. - FY2019-Q2First statedAnnual report
「Revenue in the Other segment was ¥252 million, down 3.0% year on year. This was due to a decline in membership-fee income following changes to the membership system and other factors.」
It is stated that changes to the membership system and other measures resulted in lower membership fee revenue, with revenue from the Other segment at ¥252 million, down 3.0% year on year.