〔Delayed〕 The original disclosure in Japanese was released on August 7, 2020 at 15:00 (GMT+9)

August 7, 2020

Tsukada Global Holdings Inc.
Consolidated Earnings Report for the Six Months ended June 30, 2020
(Japanese GAAP)
Stock listing: Tokyo Stock Exchange (First Section)
Securities code: 2418
URL: http://www.tsukada-global.holdings/en/
Representative: Masayuki Tsukada, President and CEO
Information contact: Masahiro Yamazaki, Manager, Finance &Tel:+81-3-5464-0081
Accounting Department
Scheduled dates:
Filing of statutory quarterly financial report (shihanki hokokusho):August 14, 2020
Dividend payout:
Supplementary materials to quarterly financial results available: Yes
Quarterly earnings presentation held: Yes (Targeted at institutional investors and analysts)(Amounts rounded down to the nearest million yen)

1. Consolidated Performance for the Six Months ended June 30, 2020
(January 1, 2020 – June 30, 2020)(1) Consolidated Operating Results(Percentages indicate year-on-year changes)

Net sales

million yen%
million yen%
million yen
Six months ended
11,793(59.4)(7,740)(8,186)
June 30, 2020
Six months ended
29,071
3.9
2,261
110.1
2,014
June 30, 2019
Note: Comprehensive income: Six months ended June 30, 2020: (6,856) million yen (- %)Six months ended June 30, 2019: 885 million yen (- %)%-(6,719)

-

102.1

1,289

119.2

Diluted profit
per shareyen

Profitper shareyen
Six months ended
June 30, 2020
Six months ended
June 30, 2019

Profit attributable toowners of the parent
million yen%

Ordinary income

Operating income(140.86)

-

27.04

-

(2) Consolidated Financial Position
Total assets

Net assets

Equity ratio

million yen

million yen%

June 30, 2020

92,83030,30932.7

December 31, 2019
Reference: Total equity: June 30, 2020:

99,34330,309 million yen

37,40437.7

December 31, 2019: 37,404 million yen

2. Dividends
End-Q1yen

End-Q2yen

Dividend per share
End-Q3yen

Year-endyen

Annual total
yen

-

5.00

10.00

-

-

-

Year ended
5.00
December 31, 2019Year ending
0.00
December 31, 2020
Year ending
December 31, 2020
(Forecast)
Note: No revision has been made to the latest dividends forecast.

Due to the difficulty in determining the consolidated earnings forecast at this time, the dividends forecast for the year
ending December 31, 2020, remains underdetermined.

3. Earnings Forecast for the Fiscal Year ending December 31, 2020
(January 1, 2020 – December 31, 2020)(Percentages indicate year-on-year changes)
Net sales

Operating income

million yen%
million yen%
Year ending
December 31, 2020
Note: No revision has been made to the latest earnings forecast.

Profit attributable toowners of the parent
million yen%

Ordinary income
million yen
-

%
-

-

-

*Notes(1) Changes in significant subsidiaries during the period: None
(Changes in specific subsidiaries accompanying a change in scope of consolidation)
Newly Consolidated: None

Newly Deconsolidated: None

(2) Use of accounting methods specific to the preparation of quarterly consolidated financial
statements: Yes
Note: For details, please refer to “(4) Notes on Quarterly Consolidated Financial Statements(Application of Specific Accounting Methods for the Preparation of Quarterly Financial
Statements)” under “2. Quarterly Consolidated Financial Statements and Main Notes”
on page 12 in the accompanying materials.
(3) Changes in accounting policy, changes in accounting estimates, and retrospective
restatement
1) Changes in accordance with amendments to accounting standards, etc.: None
2) Changes other than noted in 1) above: None
3) Changes in accounting estimates: None
4) Retrospective restatement: None
(4) Shares issued (common stock)

Profitper shareyen-1) Number of shares issued at end of period(including treasury stock)2) Number of shares held in treasury at end of
period3) Average number of shares outstanding during
the period

June 30, 2020

December 31, 2019

48,960,000

48,960,000

1,259,834

1,259,834

Six Months ended
June 30, 2020

Six Months ended
June 30, 201947,700,166

47,700,166* Quarterly earnings reports are exempt from quarterly review conducted by certified public
accountants or by auditing firms.
*Appropriate Use of Earnings Forecast and Other Important Information(Cautionary Statement with Respect to Forward-Looking Statements)
The above forecasts are based on information available as of this report’s publication and on
certain assumptions that are deemed reasonable. These forecasts are not guarantees of future
performance, and actual results may differ from forecasts due to changes in the businessenvironment. For the assumptions underlying the forecasts herein and other notice on the use of
earnings forecasts, please refer to “(3) Earnings Forecast for the Fiscal Year ending December 31,
2020” in the section “1. Review of Consolidated Financial Results” on page 4 in the accompanying
materials.

Accompanying Material – Contents
1. Review of Consolidated Financial Results(1) Operating Results(2) Analysis of Financial Condition(3) Earnings Forecast for the Fiscal Year ending December 31, 2020
2. Quarterly Consolidated Financial Statements and Main Notes(1) Consolidated Balance Sheets(2) Consolidated Statements of Income and Comprehensive Income
Consolidated Statements of Income
Consolidated Statements of Comprehensive Income(3) Consolidated Statements of Cash Flows(4) Notes on Quarterly Consolidated Financial Statements(Note on the Going-concern Assumption)(Note on Significant Changes in the Amount of Shareholders’ Equity)(Application of Specific Accounting Methods for the Preparation of Quarterly Financial
Statements)(Additional Information)(Segment Information)(Significant Subsequent Events)
3. Supplementary Information(Weddings Held and Orders Received)

1

2
2
3
4
5
5
7
7
8
9
12
12
12
12
12
13
15
15
15

1. Review of Consolidated Financial Results(1) Operating Results
In the first six months of the fiscal year ending December 31, 2020, the outlook for theJapanese economy remained uncertain, with corporate earnings, employment conditions, andpersonal spending deteriorating owing to restrictions on social and economic activities due tothe impact of the novel coronavirus outbreak.
In this environment, the Tsukada Global Holdings Group (“the Group”) focused on creating
new value, developing high-quality, appealing outlets, and providing high value-added services
in the bridal, hotel, and wellness and relaxation (W&R) markets. However, all segments of theGroup were severely impacted by the sharp drop in the number of foreign visitors to Japan, an
increase in the number of wedding reception postponements and cancellations, and anincrease in membership suspensions and cancelations at comprehensive fitness club outlets,
all resulting from the novel coronavirus outbreak.
As a result, in the first six months of 2020, the Group posted significantly decreased sales
and profits. Consolidated net sales were ¥11,793 million (down 59.4% year on year). The
Group recorded an operating loss of ¥7,740 (compared with a profit of ¥2,261 million a year
earlier) and an ordinary loss of ¥8,186 million (compared with a profit of ¥2,014 million a year
earlier). The net loss attributable to owners of the parent amounted to ¥6,719 million(compared with a profit of ¥1,289 million a year earlier).
The results for each business segment were as follows.
1) Wedding businessIn the first six months of fiscal 2020, the wedding business recorded a sales decline owing
to an increase in the number of wedding reception postponements and cancelations due tothe impact of the novel coronavirus outbreak, with the number of wedding receptions held
falling significantly to 2,141 (down 63.8% year on year). Segment income also declined
despite concerted companywide cost reduction efforts.
As a result, net sales in the wedding business totaled ¥7,160 million (down 61.0% year
on year) and segment loss was ¥3,464 million (compared with a profit of ¥2,943 million ayear earlier).
2) Hotel business
Segment sales and income declined in the first six months of fiscal 2020, because of adecrease in room revenue owing to the sharp drop in the number of foreign visitors toJapan, and because the number of weddings held at the Group’s hotels decreased to 283(down 64.1% year on year) owing to an increase in hotel wedding and banquet booking
postponements and cancelations, all due to the impact of the novel coronavirus outbreak.
As a result, net sales in the hotel business came to ¥3,492 million (down 60.1% year onyear), and segment loss totaled ¥2,863 million (compared with a profit of ¥328 million a year
earlier).
3) W&R business (Wellness & Relaxation business)
Segment sales and income declined in the first six months of fiscal 2020 because of an2

increase in membership suspensions and cancelations at the four Best Style Fitness
comprehensive fitness club outlets due to the impact of the novel coronavirus outbreak.
As a result, the W&R business posted net sales of ¥1,139 million (down 41.5% year onyear) and an operating loss of ¥538 million (compared with a loss of ¥174 million a year
earlier).
(2) Analysis of Financial Condition
1) Assets, Liabilities, and Net Assets
Total assets as of June 30, 2020, the end of the first six months of fiscal 2020, amounted to¥92,830 million, a decline of ¥6,513 million from the end of the previous fiscal year (December
31, 2019). The decrease mainly reflects an increase of ¥8,760 million in buildings andstructures related to the handover of the newly completed Kimpton Shinjuku Tokyo hotel, which
was offset by a decrease of ¥5,757 million from a transfer from construction in progress tobuildings and structures, and a ¥10,382 million decrease in cash and deposits mainly due tocapital investments and the impact of operating losses.
Total liabilities as of June 30, 2020, came to ¥62,520 million, an increase of ¥581 million
from the end of the previous fiscal year. The increase mainly reflects an increase of ¥6,096
million in long-term debt mainly from capital investment financing and emergency loans, which
was offset by decreases of ¥1,258 million in income taxes payable due to payment of income
taxes, ¥2,038 million in accounts payable – trade, and ¥2,869 million in other current liabilities.
Net assets as of June 30, 2020, totaled ¥30,309 million, ¥7,094 million less than at the endof the previous fiscal year. The major changes are a ¥6,957 million reduction in retained
earnings owing mainly to the posting of a quarterly net loss attributable to owners of the parent.
2) Cash flow
Cash and cash equivalents (“cash”) at the end of the first half totaled ¥17,876 million, ¥10,382
million less than at the end of the previous fiscal year.
Cash flows and factors behind changes in the cash flows during the six months ended
June 30, 2020, are as follows.
(Operating Cash Flow)
Cash used in operating activities totaled ¥9,471 million (cash provided in the first half of theprevious year was ¥2,240 million). This is mainly attributable to ¥1,576 million in depreciation
and amortization, which offset ¥8,587 million in loss before income taxes, and a ¥2,037 million
decrease in notes and accounts payable - trade.
(Investing Cash Flow)
Cash used in investing activities totaled ¥6,666 million (cash used in the first half of theprevious year was ¥3,964 million). This is mainly attributable to ¥6,507 in payments forpurchase of tangible assets due to capital investments.
(Financing Cash Flow)
Cash provided by financing activities totaled ¥5,773 million, an increase of 34.9% from theprevious fiscal year. This chiefly reflects ¥8,300 million in proceeds from long-term debt, which
offset ¥2,806 million in repayments of long-term debt.

3

(3) Earnings Forecast for the Fiscal Year Ending December 31, 2020
As announced on May 8, 2020, the consolidated earnings forecast for the full fiscal year
ending December 31, 2020 has been left undetermined. This is because the present
uncertainty as to when the novel coronavirus outbreak will end means it is difficult toreasonably calculate the full-year consolidated earnings forecast figures at this time. The
Group will continue to monitor trends relating to the outbreak and will announce its
consolidated earnings forecasts when it becomes possible to calculate the forecast figures.

42. Quarterly Consolidated Financial Statements and Main Notes(1) Consolidated Balance Sheets

December 31, 2019
AmountAssetsCurrent assets
Cash and deposits
Accounts receivable - tradeMarketable securities
Merchandise
Raw materials and supplies
Other
Allowance for doubtful receivables
Total current assets
Fixed assets
Tangible assets
Buildings and structures, net
LandConstruction in progress
Other, net
Total tangible assets
Intangible assets
Goodwill
Other
Total intangible assets
Investments and other assets
Investment securities
Lease and guarantee deposits
Other
Allowance for doubtful receivables
Total investments and other assets
Total fixed assets
Deferred assets
Total assets

5(millions of yen)
June 30, 2020
Amount28,347
1,259
2,455
116
530
1,389
(22)
34,076

17,965
385
1,299
118
510
2,005
(24)
22,25922,199
9,574
9,837
1,909
43,52030,95910,945
4,079
2,009
47,995

1,475
195
1,670

1,356
624
1,981

6,721
8,451
4,964
(213)
19,925
65,115151
99,343

5,565
8,258
6,867
(240)
20,45170,427
143
92,830Liabilities
Current liabilities
Accounts payable - trade
Short-term debt
Current portion of long-term debt
Current portion of bonds
Income taxes payable
Advances received
Other
Total current liabilities
Fixed liabilities
Bonds
Long-term debt
Net defined benefit liability
Provision for directors’ retirement benefits
Asset retirement obligations
Other
Total fixed liabilities
Total liabilities
Net assets
Shareholders’ equity
Capital stock
Capital surplus
Retained earnings
Treasury stock
Total shareholders’ equity
Accumulated other comprehensive income
Net unrealized gain on available-for-sale securities
Deferred gain (loss) on derivatives under hedge
accounting
Foreign currency translation adjustments
Remeasurements of defined benefit plan
Total accumulated other comprehensive income
Total net assets
Total liabilities and net assets

6

December 31, 2019
Amount(millions of yen)
June 30, 2020
Amount

2,298
4,617
668
1,275
2,442
6,557
17,859

259
852
4,014
668
17
3,147
3,688
12,647

5,157
34,209
303
831
2,412
1,167
44,08061,9394,823
40,305
327
852
2,405
1,160
49,87362,520472
634
37,937(892)
38,151472
634
30,980(892)
31,193

(72)

(104)

(504)

(533)

(163)
(5)
(747)
37,404
99,343

(240)
(5)
(884)
30,30992,830(2) Consolidated Statements of Income and Comprehensive Income
Consolidated Statements of Income(millions of yen)

Net sales
Cost of sales
Gross profit (loss)
Selling, general and administrative expenses
Operating income (loss)
Non-operating income
Interest income
Gain on investments in silent partnership
Real estate rental income
Other
Total non-operating income
Non-operating expenses
Interest expenses
Loss on investments in marketable securities
Foreign exchange loss
Other
Total non-operating expenses
Ordinary income (loss)
Extraordinary Income
Gain on sales of fixed assets
Gain on sales of shares of subsidiaries
Gain on sales of investment securities
Total extraordinary gain
Extraordinary loss
Loss on disposal of fixed assets
Shop closing expenses
Loss on redemption of securities
Loss on valuation of investment securities
Loss on valuation of affiliated companies’ shares
Provision of allowance for doubtful receivables
Other
Total extraordinary loss
Profit (loss) before income taxes
Income taxes
Profit (loss)
Profit (loss) attributable to non-controlling interests
Profit (loss)attributable to owners of the parent

7

Six months
ended June 30,
2019
Amount29,071
19,329
9,742
7,480
2,261

Six months
ended June 30,
2020
Amount11,793
12,554(760)
6,979(7,740)

13
73
175
39
302

86
73
16
60
237

265
117
166
549
2,014

363
162
76
81
683
(8,186)

23
208
231

0
64
64

5
2
12
5
0
25
2,221
962
1,259
(30)
1,289

6
41
145
110
27
134
465
(8,587)(1,868)(6,719)(6,719)

Consolidated Statements of Comprehensive Income

Profit (loss)
Other comprehensive income
Net unrealized gain (loss) on available-for-salesecurities
Deferred gain (loss) on derivatives under hedge
accounting
Foreign currency translation adjustments
Remeasurements of defined benefit plan
Share of other comprehensive income of entities
accounted for using equity method
Total other comprehensive income
Comprehensive income(Breakdown)Comprehensive income attributable to owners of theparentComprehensive income attributable to noncontrolling interests

8

Six months
ended June 30,
2019
Amount1,259(millions of yen)Six months
ended June 30,
2020
Amount(6,719)

32

(31)

(282)

(28)

(91)
(1)

(45)
0

(30)

(31)

(374)
885

(136)
(6,856)915(6,856)(30)-

(3) Consolidated Statements of Cash Flows(millions of yen)Six months
ended June 30,
2019
AmountCash flows from operating activities
Profit (loss) before income taxes
Depreciation and amortization
Impairment loss
Amortization of goodwill
Amortization of bond issuance expenses
Loss on disposal of fixed assets
Increase (decrease) in allowance for loss on shop
closing
Increase (decrease) in provision for directors’
retirement benefits
Increase (decrease) in allowance for doubtfulreceivables
Increase (decrease) in net defined benefit liability
Interest and dividend income
Interest expenses
Share of loss (profit) of entities accounted for using
equity method(Gain) loss on sales of shares of subsidiaries(Gain ) loss on redemption of securities(Gain) loss on investments in securities(Gain) loss on sales of investment securities(Gain) loss on valuation of investment securities
Loss on valuation of affiliated companies’ shares(Gain) loss on sales of fixed assets
Shop closing expenses(Gain) loss on valuation of derivatives(Gain) loss on investments in silent partnerships
Foreign exchange (gain) loss
(Increase) decrease in notes and accounts receivable- trade(Increase) decrease in inventories
Increase (decrease) in notes and accounts payable trade
Increase (decrease) in advances received
Increase (decrease) in other liabilities
Other
Sub total

9

Six months
ended June 30,
2020
Amount

2,221
1,515
133
9
5

(8,547)
1,576
54
135
8
6

(15)

-

26

20

3

28

(2)
(13)
265

24
(102)
363

-

32

(208)
12
(23)
2
(5)
(73)
116

162
(64)
145
110
(0)
41
(0)
(73)
97

0

872

19

18

(269)

(2,037)

409
(37)
(128)
3,964

709
(1,171)(319)(7,946)

Interest and dividends received
Interest paid
Income taxes paid
Net cash provided by (used in) operating activities

10

4
(259)
(1,468)
2,240

93
(365)
(1,253)(9,471)(millions of yen)

Cash flows from investing activities
Purchase of tangible assets
Proceeds from sales of tangible assets
Purchase of intangible assets
Proceeds from sales of investment securities
Proceeds from withdrawal of investment in silent
partnership
Loans receivable
Lease and guarantee deposits
Collection of lease and guarantee deposits
Proceeds from sales of shares of subsidiaries resulting
in change in scope of consolidation
Other
Net cash provided by (used in) investing activities
Cash flows from financing activities
Net increase (decrease) in short-term debt
Proceeds from long-term debt
Repayments of long-term debt
Proceeds from issuance of bonds
Payments for redemption of bonds
Repayments to non-controlling interests
Dividends paid to shareholders
Net cash provided by (used in) financing activities
Foreign currency translation adjustments on cash
and cash equivalents
Net increase (decrease) in cash and cash
equivalents
Cash and cash equivalents, beginning of period
Cash and cash equivalents, end of period

11

Six months
ended June 30,

Six months
ended June 30,

2019

2020

AmountAmount(4,835)
24
(42)
110

(6,507)
0
(482)
215

36

36

(13)
(39)
47

(35)
(5)
137

771

-

(24)
(3,964)(26)(6,666)5,800(1,654)
1,195
(295)
(525)
(238)
4,281

852
8,300
(2,806)
(334)
(238)
5,773

(74)

(17)

2,482

(10,382)

24,117
26,60028,25917,876

(4) Notes on Quarterly Consolidated Financial Statements(Note on the Going-concern Assumption)
Not applicable(Note on Significant Changes in the Amount of Shareholders’ Equity)
Not applicable(Application of Specific Accounting Methods for the Preparation of Quarterly
Financial Statements)(Simplified accounting methods)
1) Calculation method for depreciation of fixed assets
Depreciation expenses for assets to which the declining-balance method is applied are
calculated by allocating a quarterly proportion of the amount for the full fiscal year.
2) Calculation method for deferred tax assets and deferred tax liabilities
Regarding judgments on the amount of recoverable deferred tax assets, the Company
has determined that there have been no significant changes in the economic
environment or emergence of temporary differences since the end of the previous fiscal
year, and therefore the calculations are based on future earnings forecasts from theprevious year and tax planning methods.
(Special accounting treatments)
Calculation of taxes
The Company calculates tax liabilities by producing a reasonable estimate of the effective
tax rate after applying tax-effect accounting to income before income taxes for the fiscal
year, which encompasses the second quarter ended June 30, 2020, and then multiplying
profit (loss) before income taxes by this estimated effective tax rate. In cases where thisestimated effective tax rate cannot be used, the statutory effective tax rate is used.
(Additional Information)
Although it is difficult to predict at this time when the novel coronavirus outbreak will becontained, the Group has made accounting estimates including judgments on therecoverability of deferred tax assets and the impairment of fixed assets, on the assumptionthat the wedding business, the Group’s mainstay business, will gradually recover its
number of customers and orders received from the fourth quarter (around October) of thecurrent fiscal year, and that the occupancy rate of the hotel business will gradually recoverfrom the second quarter (around April) of the following fiscal year.
However, given the many uncertainties surrounding the impact of the novel coronavirus
outbreak, the Group’s financial position and the operating results for the fiscal year ending
December 31, 2021 could be significantly affected, in the event that social and economic
activities stall due to further spread of infections.

12(Segment Information)[Segment Information]
I. Six months ended June 30, 2019 (January 1 to June 30, 2019)
1. Net sales and income/loss by reportable segment(millions of yen)

Reportable segment
AmountWeddingbusinessHotelbusiness

W&R
business

Total

Adjustments(note 1)

recorded on
consolidated
statements ofincome (note 2)

Net sales
Sales to outside
customers
Inter-segment sales
and transfers

18,378

8,745

1,947

29,071-

29,071

753

156

5

915

(915)

-

Total

19,132

8,901

1,953

29,987(915)

29,071

Segment income (loss)

2,943

328

(174)

3,097

(835)

2,261

Notes:

1. Minus 835 million yen adjustments for the segment income or loss include 65 million yen
elimination of inter-segment sales and minus 901 million yen corporate expenses that are notallocated to each reportable segment. The main component of these unallocated corporate
expenses is SG&A expenses that are not attributable to reportable segments.
2. Segment income or loss adjustments are based on operating income reported on the quarterly
consolidated statements of income for the corresponding period.

2. Impairment loss on fixed assets or goodwill by reportable segment
Not applicable.

13

II. Six months ended June 30, 2020 (January 1 to June 30, 2020)
1. Net sales and income/loss by reportable segment(millions of yen)

Reportable segment
AmountWeddingbusinessHotelbusiness

W&R
business

Total

Adjustments(note 1)

recorded on
consolidated
statements ofincome (note 2)

Net sales
Sales to outside
customers
Inter-segment sales
and transfers

7,160

3,492

1,139

11,793-

11,793

324

72

5

402

(402)

-

Total

7,485

3,565

1,144

12,196(402)

11,793

Segment income (loss)(3,464)(2,863)(538)(6,866)(873)(7,740)Notes:

1. Minus 873 million yen adjustments for the segment income or loss include 56 million yen
elimination of inter-segment sales and minus 930 million yen corporate expenses that are notallocated to each reportable segment. The main component of these unallocated corporate
expenses is SG&A expenses that are not attributable to reportable segments.
2. Segment income or loss adjustments are based on operating income reported on the quarterly
consolidated statements of income for the corresponding period.

2. Impairment loss on fixed assets or goodwill by reportable segment(Significant impairment loss on fixed assets)
As decreased profitability has remained in some fixed assets held in the “Wedding business”
segment, the Company has concluded that the recovery of the investment in these assets
could not likely be made during the course of the first six months of the fiscal year ending
December 31, 2020. Hence, the book value of these assets has been written down to therecoverable amount, and the resulting loss of 54 million yen has been reported as impairment
loss under the extraordinary loss.

14

(Significant Subsequent Events)(Change in Specified Subsidiary)
A sub-subsidiary of the Company based in the state of Delaware in the United States, which
was established on July 1, 2020, by US subsidiary, Best Bridal Hawaii, Inc. has become a
specified subsidiary, as the Company’ investment in said company has reached 10 percent
or more of the stated capital of the Company.
(1) Purpose for the establishment of the sub-subsidiary
Best Bridal Hawaii, Inc., the Company’s US subsidiary, has established a sub-subsidiaryfor the purpose of acquiring and managing real estate in the US.
(2) Profile of the specific subsidiary
1) Name:TGU LLC
2) Address:
251 Little Falls Dr., New Castle County, Wilmington, DE 19808
3) Representative:
Masayuki Tsukada, Manager
4) Business description: Acquisition and management of real estate in the United States5) Capital:
US$6,277,658
6) Date of establishment: July 1, 2020
7) Investment ratio:
100.0% (indirectly held)

3. Supplementary Information(Weddings Held and Orders Received)1) Number of weddings held

Segment

Six months ended
June 30, 2019

Six months ended
June 30, 2020

Year ended
December 31, 2019

Number of weddings

Number of weddings

Number of weddings

held (cases)

held (cases)

held (cases)

5,909

2,141

12,385

Hotel business

788

283

1,611

Total

6,697

2,424

13,966

Wedding business2) Wedding orders received
Six months ended
June 30, 2019
Segment

Six months ended
June 30, 2020

Year ended
December 31, 2019

Orders

Order

Orders

Order

OrdersOrder

receivedbacklog

receivedbacklog

receivedbacklog(cases)(cases)(cases)(cases)(cases)(cases)

6,826

8,036

2,453

6,830

11,784

6,518

Hotel business

877

1,268

459

1,207

1,463

1,031

Total

7,703

9,304

2,912

8,037

13,247

7,549

Wedding business15