If the IR policy delays have created a threat to Yokohama’s plans that are primarily political, the deepest concerns for Osaka arguably relate to its effect on transportation infrastructure to the man-made island of Yumeshima.
The Nishinippon Shinbun, the leading regional newspaper of the Japanese island of Kyushu, editorialized on Monday against the IR development plan in Nagasaki that is supported by the region’s governors.
Universal Entertainment has recorded JPY77.1 billion (US$732 million) in revenues for the January-September nine-month period, a figure which was down 17.5 percent on a year-on-year basis. The net loss attributable to owners of the parent company came to JPY6.8 billion.
If current trends hold, there will soon be a referendum in Yokohama, which will bring an end to what is currently anticipated to be the largest IR development in Japan.
Universal Entertainment Corporation has issued a statement that it has won a legal case against former company auditor Yuki Arai when the Tokyo High Court dismissed an appeal.
The municipal government has established the “Yokohama Innovation IR Council’ to exchange opinions with the Kanagawa Prefectural Government and the Public Safety Commission in connection with the development of IR policy.
Sega Sammy Holdings has reported that its overall sales fell by 33.4 percent year-on-year to JPY110.2 billion (US$1.1 billion). The group posted an operating loss of JPY3.1 billion for the quarter.