Service Continuity and Business Environment Risks Associated with COVID-19
First written in FY2020. 5 of 10 entries say "Restated". Latest entry: FY2024-Q1.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
51 other companies' latest entry also says "Mitigated".
- FY2024-Q1MitigatedAnnual report
「The COVID-19 pandemic reached a turning point when the disease was reclassified as a Category 5 disease under the Infectious Diseases Act. Economic and social activity returned to normal, inbound demand recovered, and the economy continued to show a gradual recovery.」
It indicates that COVID-19 was reclassified as a Category 5 disease under the Infectious Diseases Act, bringing the COVID-19 pandemic to a turning point. - FY2023-Q3WorsenedAnnual report
「During the nine-month period of the fiscal year under review, the Japanese economy continued to face the spread of the eighth wave of COVID-19, rising corporate goods prices driven by higher resource prices and the weaker yen, and other factors, although」
It states that the spread of the eighth wave of COVID-19 has continued, and that the previously identified risk of a renewed and worsening spread of infections remains ongoing. - FY2023-Q2RestatedAnnual report
「During the six-month period ended 30 September 2022, the Japanese economy continued to face the spread of the seventh wave of COVID-19, rising raw material costs driven by higher resource prices and a weaker yen, and semiconductor supply constraints, although」
The spread of the seventh wave of COVID-19 is stated to have continued, but no material changes in business or other risks are reported. - FY2023-Q1WorsenedAnnual report
「Impact of the resurgence of COVID-19 as the seventh wave arrives」
The arrival and resurgence of the seventh wave of COVID-19 are explicitly identified as a new business environment risk. No specific occurrence of service suspensions or similar events is described. - FY2022RestatedAnnual report
「If a mass infection were to occur among employees guarding important facilities or at nursing care facilities and other facilities operated by our Group, it could affect the continued provision of services.」
The risk that an infectious disease outbreak could cause mass infections among security personnel or at nursing care facilities and affect service continuity continues to be disclosed. - FY2022-Q1RestatedAnnual report
「In the security services field, the cancellation or downsizing of various events and the suspension or repricing of security contracts due to store closures and business shutdowns continue to persist as a result of the impact of COVID-19, while」
The cancellation or downsizing of events, store closures and business shutdowns, and the suspension or repricing of security contracts due to COVID-19 continue to be evident in the business environment. - FY2021-Q3RestatedAnnual report
「In the security services industry, the impact of COVID-19 led to an increase in event cancellations, a sharp decline in public transportation users, and the suspension or repricing of security contracts resulting from store closures and business shutdowns.」
The cancellation of events, the decline in public transportation users, store closures and business shutdowns, and the suspension or repricing of security contracts due to COVID-19 continue to be evident in the actual business environment. - FY2021-Q2RestatedAnnual report
「In the security services industry, the impact of COVID-19 led to an increase in event cancellations, a sharp decline in public transportation users, and the suspension or repricing of security contracts resulting from store closures and business shutdowns.」
The cancellation of events, store closures and business shutdowns, and the suspension or repricing of security contracts due to COVID-19 continue to be evident in the actual business environment. - FY2021-Q1MaterialisedAnnual report
「Due to the impact of COVID-19, cancellations of various events and the suspension or repricing of security contracts resulting from the closure of stores and other facilities increased.」
The demand decline anticipated in the previous fiscal year due to COVID-19 has emerged in the actual business environment in the form of event cancellations, store closures, and the suspension or repricing of security contracts. - FY2020First statedAnnual report
「Due to the impact of COVID-19, we expect demand for the services provided by our Group to decline, peaking in the first quarter of the fiscal year ending March 2021, and have incorporated a decline of slightly more than ¥6 billion in consolidated net sales for the full fiscal year.」
In response to the global spread of COVID-19, the decline in service demand, expected to peak in the first quarter of the fiscal year ending March 2021, has been incorporated into the business plan as an accounting assumption, along with a full-year decline of slightly more than ¥6 billion in consolidated net sales.