Impact of the Spread of COVID-19 on the Advertising, Event and Culture Businesses
First written in FY2020-Q2. 9 of 17 entries say "Restated". Latest entry: FY2024-Q2.
Chiikishinbunsha 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: 24 of 28 companies on the "Worse" side.
10 other companies' latest entry also says "Mitigated".
- FY2024-Q2MitigatedAnnual report
「In the advertising-related business, the company's core business, advertising demand has continued to recover since restrictions on activities such as attracting visitors to events and the movement of people were lifted.」
The company stated that advertising demand has continued to recover following the lifting of activity restrictions, having progressed from showing signs of recovery, indicating that the impact of COVID-19 on advertising demand has eased. - FY2024-Q1MitigatedAnnual report
「In the company's principal advertising-related business, advertising demand has shown signs of recovery as restrictions on activities such as event attendance promotion and travel have been lifted.」
The company stated that, with COVID-19-related activity restrictions lifted, advertising demand related to event attendance promotion and travel is showing signs of recovery. - FY2023ReframedAnnual report
「If an infectious disease such as COVID-19 that has a material impact on social and economic activity spreads, declarations of a state of emergency and restrictions on going out may reduce advertising placements, inserted flyers, and the number of users of the services provided by the company, adversely affecting its results and financial position.」
The description has shifted from focusing on actual advertising impacts under activity restrictions to generalizing the risks of future infectious disease outbreaks, including declines in advertising, inserted flyers, and service usage. - FY2023-Q3RestatedAnnual report
「In the advertising-related business, demand for advertising has begun to recover as restrictions on activities in areas including event attendance and travel have been eased. However, local small and midsize businesses, its major clients, continue to face difficult conditions, as their operating conditions have recovered only to a limited extent and they are unable to devote resources to sales-promotion activities.」
The company has reconfirmed that advertising demand is recovering as restrictions on activities related to the pandemic are eased, while local small and medium-sized businesses continue to restrain sales promotion activities because their business recovery remains limited. - FY2023-Q2RestatedAnnual report
「In the advertising-related business, although demand for advertising, including event attendance campaigns, has begun to recover, local small and midsize businesses, its major clients, continue to face difficult conditions that prevent them from devoting resources to sales-promotion activities.」
The company has reconfirmed that advertising demand, including for event attendance promotion, is recovering, while local small and medium-sized businesses remain unable to devote resources to sales promotion activities. - FY2023-Q1ReframedAnnual report
「In the company's principal advertising-related business, demand for advertising, including event attendance promotion, has begun to recover. However, local small and medium-sized businesses, which are its main clients, remain in a difficult situation in which they are unable to devote resources to sales promotion activities.」
The description of pandemic-related advertising demand has changed to cover both recovery and lingering impacts: demand has recovered for areas such as event attendance promotion, while local small and medium-sized businesses, the main customers, remain in a difficult position and continue to restrain sales promotion activities. - FY2022RestatedAnnual report
「As advertising placements from business partners have declined due to the spread of COVID-19 and factors such as requests to suspend business operations, the operation of the company's businesses has been severely affected. As it is difficult to predict when the COVID-19 pandemic will end, it may continue to have a material impact on the company's results and financial position.」
The company has reconfirmed the severe impact of the pandemic, including reduced advertising placements and disruption to business operations, as well as the possibility of future effects on its results and financial position. - FY2022-Q3RestatedAnnual report
「Although revenue has been recovering following the impact of the spread of COVID-19 since April 2020, it remains volatile, and the company has recorded operating losses for 2 consecutive fiscal years through the fiscal year ending August 2021. From the current fiscal year onward, it expects to return to profitability through further revenue recovery and appropriate expense management. However, if the impact of COVID-19 is prolonged and the economic slowdown intensifies beyond previous levels, the company may record an operating loss, and net assets of ¥95.364 million as of the end of the third quarter cumulative period may become negative, resulting in excess liabilities over assets.」
Although revenue has been recovering, conditions remain volatile, and the company continues to disclose the possibility of operating losses and net assets falling below total liabilities if the impact of the pandemic is prolonged or the economic slowdown intensifies. - FY2022-Q2RestatedAnnual report
「Although revenue has been recovering following the impact of the spread of COVID-19 since April 2020, it remains volatile, and the company has recorded operating losses for 2 consecutive fiscal years through the fiscal year ending August 2021. From the current fiscal year onward, it expects to return to profitability through further revenue recovery and appropriate expense management. However, if the impact of COVID-19 is prolonged and the economic slowdown intensifies beyond previous levels, the company may record an operating loss, and net assets of ¥93.783 million as of the end of the second quarter cumulative period may become negative, resulting in excess liabilities over assets.」
Although revenue has been recovering despite the impact of the pandemic, conditions remain volatile, and the company continues to disclose the possibility of operating losses and net assets falling below total liabilities if the impact is prolonged or the economic slowdown intensifies. - FY2022-Q1RestatedAnnual report
「Although revenue has been recovering following the impact of the spread of COVID-19 since April 2020, it remains volatile, and the company has recorded operating and net losses for 2 consecutive fiscal years through the fiscal year ending August 2021. From the current fiscal year onward, it expects to return to profitability through further revenue recovery and appropriate expense management. However, if the impact of COVID-19 is prolonged and the economic slowdown intensifies beyond previous levels, the company may record an operating loss, and net assets of ¥91.816 million as of the end of the first quarter cumulative period may become negative, resulting in excess liabilities over assets.」
The company indicated that revenue is recovering and profitability is expected, while continuing to disclose the possibility of operating losses and net assets falling below total liabilities if the impact of the pandemic is prolonged or the economic slowdown intensifies. - FY2021RestatedAnnual report
「As advertising placements from business partners have declined due to the spread of COVID-19 and factors such as requests to suspend business operations, the operation of the company's businesses has been severely affected. As it is difficult to predict when the COVID-19 pandemic will end, it may continue to have a material impact on the company's results and financial position.」
The company has reconfirmed the severe impact of the pandemic, including reduced advertising placements, and the possibility of future effects on its results and financial position. - FY2021-Q3RestatedAnnual report
「In the Newspaper and Other Publications Business of 地域新聞社, the decline in advertising placements caused by the spread of COVID-19 had been gradually easing, but cancellations of advertising placements have occurred following the extension of the state of emergency and measures to prevent the spread of the disease, leaving revenue stagnant.」
Although the decline in advertising placements had temporarily begun to ease, cancellations due to the extension of the state of emergency and related measures, as well as stagnant revenue, have continued. - FY2021-Q2WorsenedAnnual report
「In the Newspaper and Other Publications Business of 地域新聞社, the decline in advertising placements caused by the spread of COVID-19 had been gradually easing, but cancellations of advertising placements have occurred following the reissuance of the state of emergency, slowing the pace of recovery.」
Although the decline in advertising placements had been gradually easing, cancellations occurred following the reissuance of the state of emergency, slowing the recovery. Revenue in January and February 2021 remained at approximately 80% of the prior-year level. - FY2021-Q1RestatedAnnual report
「The company also expects this impact to continue for several years and anticipates recording an operating loss and a net loss attributable to owners of the parent for the fiscal year.」
The company has reconfirmed its view that the impact of COVID-19 on advertising and its businesses will continue for several years and that it expects to record an operating loss and a net loss for the fiscal year. - FY2020WorsenedAnnual report
「Due to the impact of the spread of COVID-19, the group's monthly revenue has declined significantly year on year since April 2020. For the fiscal year, it recorded an operating loss of ¥292.047 million and a net loss attributable to owners of the parent of ¥332.295 million. The company expects this impact to continue for several years and anticipates recording significant operating losses and net losses attributable to owners of the parent in the following fiscal year and thereafter. Net assets, which stood at ¥118.194 million at the end of the fiscal year, may become negative, resulting in excess liabilities over assets.」
The impact of declining advertising placements due to COVID-19 has materialized as full-year operating and net losses, and the situation has worsened to the point that the impact is expected to continue for several years and net assets may fall below total liabilities. - FY2020-Q3MaterialisedAnnual report
「As advertising placements from business partners have declined due to the spread of COVID-19 and factors such as requests to suspend business operations, the operation of the group's businesses has been severely affected. As it is difficult to predict when the COVID-19 pandemic will end, the company has made accounting estimates, including the recoverability of deferred tax assets, on the assumption, based on the information currently available, that the impact of COVID-19 will continue for a certain period during the fiscal year ending August 2021.」
Regarding the impact of COVID-19 on the advertising, events, and culture businesses anticipated in the previous filing, the company reported that the severe impact of declining advertising placements had materialized and assumed for accounting purposes that the impact would continue for a certain period through the fiscal year ending August 2021. - FY2020-Q2First statedAnnual report
「The company will continue to closely monitor the impact of the spread of COVID-19 on its businesses. Although it will implement the measures described above, it expects the decline in advertising placements in the Newspaper and Other Publications Business and the Inserted Flyer Distribution Business caused by COVID-19 to continue for the time being from March onward. In its other businesses, it also expects revenue to decline in the organizer-operated performances and ticket sales agency businesses due to the cancellation of large-scale events, and in the culture business due to the suspension of all courses during March.」
Regarding the spread of COVID-19, the company described for the first time in specific terms the anticipated business impacts, including lower advertising placements, reduced revenue in the organizer-operated performances and ticket sales agency businesses due to the cancellation of large-scale events, and reduced revenue in the culture business due to the suspension of all courses during March.