Impact of COVID-19 on the Domestic and Overseas Economies
First written in FY2020-Q2. 4 of 12 entries say "Mitigated", first in FY2022-Q3. Latest entry: FY2024-Q1.
Nippon Parking Development 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: 114 of 180 companies on the "Worse" side.
58 other companies' latest entry also says "Mitigated".
- FY2024-Q1MitigatedAnnual report
「The leisure and tourism industries related to the ski resort and theme park businesses are on a recovery trend as social activity normalises with the easing of restrictions on activities introduced as measures against COVID-19.」
The disclosure stated that the leisure and tourism industries were on a recovery trend as restrictions on activities were eased and social activity normalised. - FY2023-Q2MitigatedAnnual report
「Meanwhile, with the spread of COVID-19 brought to a certain degree under control and the decision made to downgrade its classification under the Infectious Diseases Control Law to Category V, social activity has recovered as various restrictions have been eased, and the economy has gradually begun to recover.」
The disclosure stated that social activity had recovered as the spread of the infection was brought to a certain degree under control, the decision to downgrade it to Category V was finalised, and restrictions were eased. - FY2023-Q1MitigatedAnnual report
「Meanwhile, with the spread of COVID-19 brought to a certain degree under control, positive signs, including the lifting of priority preventive measures to prevent the spread of the disease, have begun to emerge.」
The disclosure described improvements in the economic and leisure environment, including the spread of the infection being brought to a certain degree under control and the lifting of priority preventive measures to prevent its spread. - FY2022-Q3MitigatedAnnual report
「The leisure and tourism industries have also begun to show signs of recovery as the number of new cases declines.」
The description changed to state that the leisure and tourism industries had begun to enter a recovery phase as the number of new cases declined. At the same time, concerns about a renewed spread of the infection due to variants were also noted. - FY2022-Q2WorsenedAnnual report
「The leisure and tourism industries also continued to be affected by the increase in new cases and the reissuance or extension of priority preventive measures to prevent the spread of the disease.」
The increase in new cases and the reissuance and extension of priority preventive measures to prevent the spread of the disease prolonged the impact of the infection on the leisure and tourism industries. - FY2021RestatedAnnual report
「These effects of COVID-19 are expected to continue to some extent.」
The Company reconfirmed its view that the effects of movement restrictions and requests to refrain from going out, declining visitor numbers at leisure facilities, and sluggish parking-facility utilisation due to lower hotel occupancy rates would continue. - FY2021-Q3WorsenedAnnual report
「The leisure and tourism industries also continued to be affected by the increase in new cases and the reissuance of the state of emergency.」
The increase in new cases and the reissuance of the state of emergency prolonged the impact of the infection on the leisure and tourism industries. The business impact has appeared in the form of a sharp decline in ski resort visitors and cancellations of group tours. - FY2021-Q2WorsenedAnnual report
「The outlook for the economy remains uncertain, with the number of new COVID-19 cases, which had been declining, showing an upward trend.」
The number of new cases began rising again, and the impact of the infection continued and expanded, including through a decline in ski resort visitors and reduced parking use due to the state of emergency declared in January and requests to refrain from going out. - FY2021-Q1MaterialisedAnnual report
「In view of the fact that economic activity has still not fully recovered due to the spread of COVID-19, the Company determined that no changes were necessary in the current first quarter with respect to the assumptions, including the expected timing of the containment of COVID-19, described in the additional information section of the securities report for the previous consolidated fiscal year under “Accounting estimates relating to the impact of the spread of COVID-19.” Although the degree of impact of COVID-19 on the Group varies by business, the Company has made accounting estimates on the assumption that the impact will continue for approximately 1 to 2 years from the end of the previous fiscal year.」
The Company stated that the impact of the infection continued to hinder the recovery of economic activity and maintained its assumption that the impact would continue for approximately 1 to 2 years from the end of the previous fiscal year. - FY2020MaterialisedAnnual report
「Restrictions on movement and requests to refrain from going out in Japan and overseas due to the spread of COVID-19 have affected the Group's operating results, including through a decline in visitors to theme parks and ski resorts and sluggish operation of hourly parking facilities resulting from lower hotel occupancy rates.」
The impact of COVID-19 materialised in the form of declining visitor numbers, lower hotel occupancy rates and sluggish parking-facility utilisation, and the Company also recorded ¥42.505 million in losses attributable to the infection. - FY2020-Q3MaterialisedAnnual report
「Losses attributable to COVID-19 20,943」
The Company recorded ¥20.943 million in losses attributable to COVID-19. The main components were personnel expenses and depreciation during the closure period resulting from a request by Tochigi Prefecture to suspend operations, as well as event cancellation costs, all of which had already been incurred as business losses. - FY2020-Q2First statedAnnual report
「Meanwhile, looking ahead, attention must also be paid to the impact of COVID-19 on domestic and overseas economies, overseas economic developments, including trends surrounding trade issues, and fluctuations in the financial and capital markets.」
The impact of COVID-19 on domestic and overseas economies was described for the first time as an external forward-looking risk.