BUSINESS ENVIRONMENT

As a whole, our country economy in our consolidated account year changed with a gentle recovery basic tone by the effect of various policies including the improvement of an improvement and corporate earnings of the individual consumption and the employment, the income environment. However, the still opaque situation continues it about the future including the remarkable rise of the sudden change and raw materials price of exchange rate accompanied with the global tight-money policy and the energy cost.
 In such an environment, our group wrestled for the offer of the making of store full of creation, a high quality of the new value in wedding market, hotel market and the wellness & relaxation (W&R) market and the charm and the high service of the added value and acted for expansion of the sales amount and improvement of the profitability by coping with the needs of the customer who diversified precisely.
 In the hotel business, the visit to Japan foreign country number of people by increase of the domestic travel number of visitors by the reduction to five kinds of the new coronavirus infectious disease and the travel limit cancellation exceeded 25 1 million (Japanese Government sightseeing station "visit to Japan foreign country number of people (2023 estimation value)"), and the same number recovered to ratio 78.6% in 2019. A staying rate of operation and staying unit price rose from these influence and changed in the stable situation. In addition, the postponement by the influence of the new coronavirus infectious disease that was frequent until last year almost disappears and, in the number of wedding ceremony enforcement in wedding ceremony business and the hotel business, is coming back in a time of peace. However, there is it in the situation that a prospect of the future has difficult sequentially including the stagnation of the return due to increase of the number of the small wedding ceremonies in the wedding ceremony enforcement unit price. In the W&R business, I carried out the withdrawal of the unprofitable store which a delay produced for the recovery from a corona evil and improvement of the operational efficiency and acted for reinforcement of the future revenue base.