Yamaha 2001 Annual Report Download - page 16

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Review of Operations
14
Musical Instruments AV•IT Lifestyle-Related Products Electronic Equipment and Metal Products Recreation Others
0
-1.9
-1.8
-1.2
-0.8
-1.3
Operating Loss
(Billions of Yen)
’01’00’99’98’97
0
30
23.8
23.7
23.3
23.5
21.8
Sales
(Billions of Yen)
’01’00’99’98’97
Major Products & Services
• Sightseeing facilities and accommoda-
tion facilities (Tsumagoi, Nemunosato,
Haimurubushi, Sunza Villa, Kiroro,
Toba-Kokusai, Kitanomaru)
• Ski resort (Kiroro Recreation Resort)
• Golf courses (Katsuragi Golf Club,
Kiroro Golf Club, Nemunosato Golf
Club)
Major Subsidiaries
• Yamaha Resort Corporation
• Kiroro Development Corporation
• Haimurubushi Inc.
Recreation
In recreation, sales fell as a result of
prolonged economic stagnation,
the eruption of Mt. Usu in
Hokkaido, rising airfares, fewer
customers, and a fall in return visits
per customer.
Due to these factors, sales amounted
to ¥21.8 billion (US$0.18 billion), a
7.3% year-on-year decrease, and
operating loss reached ¥1.3 billion
(US$10.4 million) compared with
the previous fiscal year’s operating
loss of ¥0.8 billion.
In the future, as lifestyles continue
to change, YAMAHA will work to
rationalize its recreation business
without sacrificing customer
satisfaction or safety. Also under
consideration is the spinning off of
each business unit into indepen-
dently managed companies.
Kiroro
Hotel Piano at Hokkaido's most popular ski
resort—Kiroro Recreation Resort
Haimurubushi
The emerald green ocean of Haimurubushi in
Okinawa, Japan's southernmost resort area