Impact of the COVID-19 Pandemic on Business and Financial Performance
First written in FY2020. 6 of 13 entries say "Restated". Latest entry: FY2024.
SAAF 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 2020: 103 of 175 companies on the "Worse" side.
16 other companies' latest entry also says "Softened".
- FY2024SoftenedAnnual report
「During the fiscal year under review, the Japanese economy showed signs of a gradual recovery as restrictions on movement related to COVID-19 were eased, although」
The emphasis of the COVID-19 disclosure shifted from its direct deterioration of the business and earnings outlook to its role as an economic-environment factor following the easing of restrictions on movement. - FY2023-Q3RestatedAnnual report
「During the third quarter of the consolidated cumulative period under review, Japan's economy showed signs of a gradual recovery due to the easing of COVID-19 restrictions, among other factors. However, the outlook remained unclear amid soaring energy and raw material prices associated with the prolonged situation in Ukraine, the rapid depreciation of the yen, and the acceleration of global monetary tightening, among other factors.」
While recognizing the recovery in economic activity resulting from the easing of restrictions on movement, the Company continues to face an uncertain environment, including the impact of COVID-19. - FY2023-Q2WorsenedAnnual report
「During the second quarter of the consolidated cumulative period under review, social and economic activity in Japan and globally showed signs of recovery due to the easing of COVID-19 restrictions, among other factors. However, the outlook remained unclear amid the renewed increase in infections during the seventh wave of COVID-19, soaring energy prices, higher raw material prices, and the rapid depreciation of the yen, among other factors.」
The resurgence in the number of infections during the seventh wave was explicitly noted, and uncertainty in the business environment, including the impact of COVID-19, has continued and intensified. - FY2023-Q1RestatedAnnual report
「During the first quarter of the consolidated cumulative period under review, social and economic activity in Japan and globally showed signs of recovery due to the easing of COVID-19 restrictions, among other factors. However, the outlook remained unclear amid soaring energy and raw material prices due to the prolonged Russian invasion of Ukraine and rising prices, among other factors.」
While recognizing the recovery in socioeconomic activity resulting from the easing of restrictions on movement, the Company continues to describe an uncertain economic environment, including the impact of COVID-19. - FY2022RestatedAnnual report
「Under these conditions, with business activities restricted, if the spread of COVID-19 fails to subside and becomes prolonged, it may affect business performance.」
The restrictions on business activities caused by COVID-19 and the risk of an impact on business performance if the spread of infections becomes prolonged continue to be recognized. - FY2022-Q3RestatedAnnual report
「During the third quarter of the consolidated cumulative period under review, the economies of Japan and the rest of the world showed signs of recovery, but the outlook remained uncertain.」
The Company continues to recognize an uncertain outlook for the Japanese and global economies as the effects of COVID-19 and the resurgence of infections persist. - FY2022-Q2RestatedAnnual report
「During the six-month period ended 30 September, the Japanese and global economies showed signs of recovery, but remained in a difficult situation due to the impact of COVID-19.」
It was reported that the Japanese and global economies remained in a difficult situation due to COVID-19. - FY2022-Q1RestatedAnnual report
「Although the apparel business was affected by the state of emergency and other measures in response to the spread of COVID-19, revenue was ¥201.103 million, or 141.2% of the same period of the previous year.」
The impact of COVID-19 continued in the apparel business, but revenue reached 141.2% of the same period of the previous year. - FY2021WorsenedAnnual report
「The main reasons for the net loss for the year attributable to owners of the parent were substantial declines in sales in the ground survey and improvement business and the apparel business, which were intermittently affected by COVID-19, the resulting increase in relative fixed costs, and the recognition of infection-related extraordinary losses.」
The impact of COVID-19 was reflected in full-year results through substantial declines in sales in the ground survey and improvement business and the apparel business, higher fixed-cost burdens, and infection-related extraordinary losses, resulting in a net loss for the year attributable to owners of the parent of ¥358.005 million. - FY2021-Q3WorsenedAnnual report
「The main reasons for the year-on-year increases in operating loss, ordinary loss, and net loss for the quarter attributable to owners of the parent were substantial declines in sales in the ground survey and improvement business and the apparel business, which were intermittently affected by COVID-19 through the third quarter, the resulting increase in relative fixed costs, and the recognition of extraordinary losses.」
The impact of COVID-19 continued through substantial declines in sales in the ground survey and improvement business and the apparel business, together with higher fixed-cost burdens. Operating loss was ¥608.120 million, and net loss for the quarter attributable to owners of the parent was ¥972.825 million. - FY2021-Q2WorsenedAnnual report
「The main reasons for the year-on-year increases in operating loss, ordinary loss, and net loss for the quarter attributable to owners of the parent were lower sales in the ground survey and improvement business and the apparel business, together with higher relative fixed costs, due to the impact of COVID-19, which was particularly severe in the first quarter.」
The impact of COVID-19 continued through lower sales in the ground survey and improvement business and the apparel business, together with higher relative fixed costs. Operating loss was ¥753.509 million, ordinary loss was ¥719.004 million, and net loss for the quarter attributable to owners of the parent was ¥793.936 million. - FY2021-Q1WorsenedAnnual report
「The main reasons for the year-on-year increases in operating loss, ordinary loss, and net loss for the quarter attributable to owners of the parent were a decline in construction projects due to postponements and other factors in the ground survey and improvement business, and lower sales and higher relative fixed costs resulting from store closures and other measures at Misuzu Co., Ltd., which operates the new apparel business, all owing to the impact of COVID-19.」
The impact of COVID-19 continued and became more pronounced through postponed construction and fewer projects in the ground survey and improvement business, store closures at Misuzu, lower sales, and higher relative fixed costs. Operating loss increased from ¥220.862 million in the same period of the previous year to ¥482.006 million, while net loss for the quarter attributable to owners of the parent increased from ¥237.753 million to ¥516.391 million. - FY2020MaterialisedAnnual report
「Fixed-cost burdens and other expenses increased as the education business was suspended and sales activities were curtailed in response to the government's requests to refrain from going out to prevent the spread of COVID-19. In addition, the acceptance of dispatched foreign personnel was suspended, resulting in a substantial decline in the revenue of IT Global Co., Ltd.」
The impact of COVID-19 was reported as the suspension of the education business, the curtailment of sales activities, the suspension of foreign personnel dispatches, and a decline in IT Global's revenue.