Earnings per unit was 0.52 yen, compared to 2.11 yen a year ago.
The manager added that in line with the Japanese government's effort to boost domestic travel and tourism, it had in recent months rolled out discounts and outreach programmes to attract golfers from the local community. "Signs have been encouraging as the number of golfers has gradually recovered to pre-Covid-19 levels, although play fee is expected to remain lower than last year," it added.
The manager also said that with the"high degree of uncertainty" brought about by the Covid-19 outbreak and the halting of international travel to Japan, management had forecast that the performance of the golf industry will remain muted in the coming months, as Japan's unemployment level continues to rise and its economy contracts.BT is now on Telegram!