In addition, golf courses in western Japan were affected by heavier snowfall in December 2017 and number of players and operating days decreased compared to 3Q16.
SINGAPORE (Feb 13): The manager of Accordia Golf Trust, the business trust comprising investments in golf course assets in Japan, reported 3Q17 DPU of 1.70 cents, down 18.7% from 2.09 cents a year ago in 3Q16.
Operating income fell 4.6% to JPY13.9 billion ($170.6 million) from JPY14.6 million. Revenue fell 4.7% to JPY13.8 billion. Last October, typhoons consecutively struck Japan on weekends and some golf courses were forced to close operations when this was the best time to make sales.
