Requests to voluntarily suspend business operations and close, and downside to business performance, due to COVID-19
First written in FY2021-Q1. 5 of 14 entries say "Worsened", first in FY2021-Q2. Latest entry: FY2024-Q3.
Interlife Holdings moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
The whole theme swung hardest in 2024: 1 of 6 companies on the "Worse" side.
5 other companies' latest entry also says "Mitigated".
- FY2024-Q3MitigatedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, from 1 March 2023 to 30 November 2023, Japan's economy saw a recovery in social and economic activity as the risks associated with COVID-19 became limited.」
The description changed from business weakness caused by voluntary business suspensions and requests for temporary closures due to COVID-19 to one stating that infection-related risks had become limited and social and economic activity was recovering. However, the possibility of an impact from higher raw material and energy prices remained. - FY2024-Q2RestatedAnnual report
「COVID-19 was reclassified as a Category 5 disease under the Infectious Diseases Control Law, and economic activity is expected to recover. However, increases in new cases, higher raw material costs and other circumstances may affect the financial position and operating results of our group.」
The company continued to disclose that, while the move to Category 5 under the Infectious Diseases Control Law and a recovery in economic activity were expected, increases in new cases and higher raw material costs could affect its financial position and operating results. - FY2024-Q1MitigatedAnnual report
「Although the impact of COVID-19 remained, there were signs of movement toward the normalization of economic and social activity, partly because vaccinations had progressed.」
Although the impact of COVID-19 remained, signs of movement toward the normalization of economic and social activity were evident against the backdrop of vaccination progress and the change in its classification under the Infectious Diseases Control Law. - FY2023-Q3RestatedAnnual report
「The timing of the end of the COVID-19 pandemic and other circumstances during the current fiscal year may affect the financial position and operating results of our group.」
The company continued to disclose that the timing of the end of the COVID-19 pandemic and other factors could affect its financial position and operating results. - FY2023-Q2RestatedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, Japan's economy saw growing expectations for an economic recovery, as there were signs of movement toward the normalization of economic activity even as the impact of the prolonged COVID-19 pandemic continued.」
Although the impact of the prolonged pandemic continued, the company also cited signs of movement toward the normalization of economic activity and expectations for an economic recovery, maintaining the assessment of conditions from the previous quarter. - FY2023-Q1ReframedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, from 1 March 2022 to 31 May 2022, Japan's economy showed signs of moving toward the normalization of economic and social activity, partly because vaccinations had progressed, although the impact of COVID-19 remained.」
The description changed from weakness across multiple businesses caused by voluntary business suspensions and requests for temporary closures to one stating that, although the impact of COVID-19 remained, economic and social activity showed signs of moving toward normalization against the backdrop of vaccination progress. - FY2022WorsenedAnnual report
「The prolonged spread of COVID-19 resulted in all companies being affected.」
The prolonged pandemic affected full-year performance across the companies, including those in the construction business, pushing sales down to ¥11,794 million and operating profit to ¥45 million. - FY2022-Q3RestatedAnnual report
「The prolonged spread of COVID-19 continued to affect all companies.」
The company continued to state that the prolonged COVID-19 pandemic was affecting the performance of companies in the construction business. - FY2022-Q2WorsenedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, all companies continued to be affected by the prolonged spread of COVID-19.」
The prolonged spread of COVID-19 continued to affect the companies, including the construction business. Sales in the construction business declined 33.2% year on year. - FY2022-Q1WorsenedAnnual report
「The Group reported a substantial decline in both revenue and profit, due to a decrease in construction orders from restaurants, retail stores and hotels that were heavily affected by the spread of COVID-19 in the core construction business, as well as the absence of a large real estate brokerage transaction of the kind recorded in the previous fiscal year.」
The impact of COVID-19 continued and expanded in the form of fewer construction orders, while a shortage of real estate brokerage projects also contributed to substantial declines in revenue and profit. - FY2021MaterialisedAnnual report
「Store-based businesses operated by the Group's major customers, including restaurants, pachinko halls and hotels, deteriorated because of a substantial decline in customer numbers caused by entry restrictions, in addition to requests to close temporarily and requests to refrain from going out to prevent the spread of COVID-19. As a result, the Group was affected by the cancellation or postponement of store opening and renovation plans, reviews of contracts for underperforming stores and contract cancellations associated with store withdrawals.」
The impact of COVID-19 became evident across multiple businesses through cancellations and postponements of construction plans and the termination or revision of cleaning and staffing contracts, driven by declining customer numbers resulting from requests for temporary closures, voluntary restrictions on going out and entry restrictions. - FY2021-Q3WorsenedAnnual report
「In addition to delays and changes to construction schedules resulting from deteriorating performance at major customers, including restaurants and amusement venues, cleaning and maintenance operations saw contracts terminated or revised as stores withdrew, while the human resources services business also saw an increase in the termination or revision of staffing contracts.」
The impact of COVID-19 expanded across multiple businesses in the form of deteriorating customer performance, construction delays and changes, termination and revision of cleaning contracts, and termination and revision of staffing contracts. - FY2021-Q2WorsenedAnnual report
「However, in the human resources services business and the store services business, sales fell substantially below the same quarter of the previous year due to the impact of personnel adjustments and production adjustments at major customers.」
The impact of COVID-19 continued and expanded beyond temporary closures and voluntary business suspensions, causing substantial sales weakness in the human resources services and store services businesses through personnel and production adjustments at major customers. - FY2021-Q1MaterialisedAnnual report
「However, in the human resources services business and the store services business, sales fell below the same quarter of the previous year due to the impact of voluntary business suspensions following requests for the temporary closure of amusement venues and other major customers. As a result, sales in the human resources services business were ¥542 million, down 13.2% year on year. As a result, sales in the store services business were ¥552 million, down 37.8% year on year.」
Requests for the temporary closure of major customers, including amusement venues, and voluntary business suspensions resulted in actual sales declines in the human resources services and store services businesses. Sales declined 13.2% year on year in the human resources services business and 37.8% in the store services business.