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Akinomaki

Sumo Kyokai revenue

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Riji-kai on the 20th, with financial statements about 2012: total earnings 9970 million yen, expenses 11040 million, a minus of 1070 million yen, minus for the 3rd year in a row.
Business earnings are up 3060 million from the year before with the cancelling of the Osaka-basho, at 8500 million - more than in 2010 with the gambling scandal but less than 2009 (9580 million), a plus after 5 years.
Sumo Kyokai losses:
2009: 730 million yen (that would make it 4 years in a row - or was this a plus ?)
2010: 1770 million yen
2011: 4880 million yen

Net assets (including the kokugikan): down to 36510 million

Edited by Akinomaki
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2009: 730 million yen (that would make it 4 years in a row - or was this a plus ?)

Where is that number from?

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I

2009: 730 million yen (that would make it 4 years in a row - or was this a plus ?)

Where is that number from?

I kept the numbers from earlier articles, but not the articles - I can't verify it any more.

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I found one: this one on zakzak with that figure claims already for last year a 3 years in a row minus.

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Igordemorais, on 20 Feb 2013 - 13:40, said:

This is bad. What do?

It's possible they're already doing it. This is the best performance since 2009. But if not, I'd guess some professional management would help.

One thing I've been curious about, if anyone knows: How much of the Kyokai's income is from renting out the Kokugikan for other events, like amasumo and boxing? I wonder if, with better promotion or marketing or management, they could get a bit more money out of it than they do.

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My own question is to whom is the Kyokai in debt? Do they have reserves they are tapping into, are they withholding payments, or are they into debt to banks?

Obvious guess would be option 3, but if so, it might start becoming an issue with serious losses for consecutive years...

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My own question is to whom is the Kyokai in debt? Do they have reserves they are tapping into, are they withholding payments, or are they into debt to banks?

Obvious guess would be option 3, but if so, it might start becoming an issue with serious losses for consecutive years...

No idea what they did with last year's huge deficit, but this year's has apparently been covered by tapping into the Kokugikan repair fund that was established back in 2008; some 1300 million yen have been shifted over from that. My guess is that last year pretty much depleted the "regular" reserves.

Edited by Asashosakari

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I found one: this one on zakzak with that figure claims already for last year a 3 years in a row minus.

Beats me. The contemporary reporting said something different.

Last year's sponichi article claims 4 years in a row of deficit, no past figures though.

Tospo repeats the figure. Some non-newspaper pages have it as well, from those I found also one from 2010 with the plus figures. Generally the remaining past pages are few.

Edited by Akinomaki

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The NSK in 2013 had a profit of 153 million yen after a loss of 1072 million yen the year before.

With ticket sales up income increased by 800 million to 10.777 billion yen.

With many oyakata retiring labour costs were less, bringing expenses down by 400 million to 10.624 billion.

Business earnings increased by 532 to 9040 million yen, 400 plus from the 6 main basho, spectators were up by 43 000. Gains from financial assets, market value increases etc. were 1091 million, up by 247 million because of a cheaper Yen – even the kyokai feels the effect of Abenomics.
Because more oyakata etc. retired than usual, with 700 million more retirement money to pay, net assets - including for the kokugikan the plot of land and buildings - decreased by 121 million to 36.39 billion yen,
http://www.asahi.com/articles/ASG365QNFG36PTQP004.html

http://www.jiji.com/jc/c?g=spo_30&k=2014030600819

http://www3.nhk.or.jp/news/html/20140306/k10015776781000.html

http://mainichi.jp/sports/news/20140307k0000m050052000c.html

http://www.sponichi.co.jp/sports/news/2014/03/06/kiji/K20140306007722960.html

Edited by Akinomaki
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On the 19th was the first budget draft and business plan meeting since the change to the new corporate status, both by the new hyogi-in-kai and the riji-kai, but definite decisions and reports will be made February onwards.

The year saw 58 times a full house, the best since 1997 with 77, but the big losses caused by the (esp. gambling and yaocho) scandals still make the financial situation grave, so that at the hyogi-in-kai voices demanding higher ticket prices were heard.

Kitanoumi-rijicho wants to avoid that and have the people come.

http://www.sponichi.co.jp/sports/news/2014/12/20/kiji/K20141220009488300.html

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For 2014 a loss again.

Earnings: 11.164 billion Yen, expenses 11.238 billion, a loss of 74 million Yen. Last year had a profit of 153 million.

58 days of full house, best since 1997 with 77, brought ticket sales up 700 million.

The book value of financial assets decreased 300 million Yen and 480 million Yen had to be added to the reserves, because of a revised basis for estimating their value.

Net assets decreased 78 million to 36.3 billion.

http://www.sanspo.com/sports/news/20150323/sum15032319570010-n1.html

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This year should be better, with sumo becoming popular again, exciting new talent stepping into the ring, and the scandals hopefully a thing of the past.

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This year should be better, with sumo becoming popular again, exciting new talent stepping into the ring, and the scandals hopefully a thing of the past.

FWIW, based on the numbers released so far it sounds like they had a pretty good year on the operating side, and the bottom-line loss is strictly a book-keeping matter. (I assume due to the 480m going into reserves, though it's hard to tell without further data.)

@Akinomaki - where's the "value of financial assets decreased by 300 million" part from? I don't see that in the Sanspo article.

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@Akinomaki - where's the "value of financial assets decreased by 300 million" part from? I don't see that in the Sanspo article.

That's from Jiji, their URLs get transformed when they are saved on my HD and it's tedious to search the original - I hardly ever give that as source.

Edit: http://www.jiji.com/jc/c?g=spo_30&k=2015032300782

Edited by Akinomaki
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For the fiscal year 2015 after 2013 a plus again: 245 million yen, from a revenue of 11.46 billion yen against costs of 11.18 billion and revising the book value of assets downwards by 160 million.

Compared to last year, ticket sales were up 670 million yen, for 86 full houses of 90 days, contract money for more jungyo days and other events increased 200 million, total business earnings were up 1 billion to 10.8 billion.

Net assets, including the kokugikan premises, went up 211 million to 36.5 billion yen.

http://www.jiji.com/jc/c?g=spo_30&k=2016032800720

http://www.sanspo.com/sports/news/20160328/sum16032820440012-n1.html

http://www.yomiuri.co.jp/sports/sumo/20160328-OYT1T50148.html

Edited by Akinomaki
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Today is the end of the fiscal year, the NSK with the present sumo boom had a profit for the 2nd year in a row, up 394 million to 640 million yen. Ticket sales were up 183 million to 6400 million, contract payments from jungyo events were up 75 million. Total business earning were up 593 million to 11.475 billion yen. The total ordinary revenue was 12.01 billion yen, operation costs 11.39 billion. Net assets (kokugikan etc.) went up 630 million to 37.1 billion yen, 14 million yen of it by revised valuation.

http://mainichi.jp/articles/20170401/k00/00m/050/068000c

http://www3.nhk.or.jp/news/html/20170331/k10010933031000.html

http://www.sanspo.com/sports/news/20170331/sum17033119340002-n1.html

http://www.jiji.com/jc/article?k=2017033101245&g=spo

Edit: the kyokai should publish the detailed reports here soon: http://www.sumo.or.jp/IrohaKyokaiFinancialInformation/yosan_kessan

Edited by Akinomaki
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With the start of the new administration, the NSK profit figures for last year were published - and for the 3rd year it IS a profit for them: 862 million yen, up 222 million. For an ordinary revenue of 12 640 million yen, operating costs of 11 745 million yen and reevaluation of special assets of minus 32 million yen (and 1 million difference somewhere else or in the "about" of all this figures)

Business earning were up 578 million yen - with after 21 years again all 90 days of full houses at the 6 basho. Earnings from ticket sales were up 187 million yen, contract money for the jungyo (with 3 more jungyo days than the year before) up 31 million yen. With more visitors, also sales of goods was up and also more fees for the use of images contributed to the increase of profits. Net assets, including and and buildings, were up 830 million yen to 37 991 million yen.

http://www.jiji.com/jc/article?k=2018032600709&g=spo

http://www.sanspo.com/sports/news/20180326/sum18032620450016-n1.html

There is nothing yet on the NSK site, only the plans: http://www.sumo.or.jp/IrohaKyokaiFinancialInformation/wrap/

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Looks like the 2016 Ozeki Yushos and Kisenosato’s promotion are driving up the profit. 

Let’s see if the can weather the scandals by this time next year. 

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The NSK finished with a profit for the 4th year in a row. The figures have been published today: a plus of about 570 million yen, 344 million down from last year. Also because there were less sold out days at the Kyushu basho, business earnings were down 59 million. Expenses were up 210 million, especially due to measures for the prevention of violence.

The increase of net assets last year by 831 million was corrected to 94 million: it has become known that asbestos is used in parts of the kokugikan, and provisions of about 755 million yen (the different sources doesn't add up to the same amounts), have to be made for the removal works as part of the future rebuilding of the kokugikan.

Towards that corrected figure of  37 255 million yen (initially 37 991 million yen), net assets had an increase by 502 million to 37 757 million yen.

http://www.jiji.com/jc/article?k=2019032601171&g=spo

http://www.sanspo.com/sports/news/20190326/sum19032621050010-n1.html

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54 minutes ago, Akinomaki said:

future rebuilding of the kokugikan.

I'm kind of surprised there isn't talks to build a new one incorporating a new level with corporate sponsor boxes between  the box seat B and C levels

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12 hours ago, Akinomaki said:

The NSK finished with a profit for the 4th year in a row. The figures have been published today: a plus of about 570 million yen, 344 million down from last year. Also because there were less sold out days at the Kyushu basho, business earnings were down 59 million. Expenses were up 210 million, especially due to measures for the prevention of violence.

The increase of net assets last year by 831 million was corrected to 94 million: it has become known that asbestos is used in parts of the kokugikan, and provisions of about 755 million yen (the different sources doesn't add up to the same amounts), have to be made for the removal works as part of the future rebuilding of the kokugikan.

Towards that corrected figure of  37 255 million yen (initially 37 991 million yen), net assets had an increase by 502 million to 37 757 million yen.

http://www.jiji.com/jc/article?k=2019032601171&g=spo

http://www.sanspo.com/sports/news/20190326/sum19032621050010-n1.html

Is that work going to be completed before the Olympics? They’re holding the boxing there I believe. It won’t be very good PR if/when western media finds out the venue has asbestos in it. Everyone loves a good story about how preparations for the Olympics are a disaster.

Edited by Eikokurai

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