Business Suspensions, Lower Demand and Uncertainty from COVID-19
First written in FY2020-Q2. 7 of 12 entries say "Restated". Latest entry: FY2023-Q1.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
50 other companies' latest entry also says "Restated".
- FY2023-Q1RestatedAnnual report
「Regarding the impact of the spread of COVID-19, the Digital Finance and resort businesses operated by equity-method affiliates were particularly affected. In addition, government policies and conditions differ by country and business, leaving the company in a situation that requires careful assessment.」
COVID-19 is affecting the Digital Finance and resort businesses of equity-method affiliates, and the company continues to assess conditions carefully by country and business. - FY2022MitigatedAnnual report
「In addition to international litigation costs involving a specific counterparty and poor business performance resulting from their impact, the business experienced a five-year period that could be described as the bottom of its business environment, due to prolonged periods of effective business suspension caused by lockdowns and border closures in various countries during the COVID-19 pandemic, the coup in Myanmar and, more recently, currency weakness associated with Russia’s invasion of Ukraine. In light of these circumstances, the company recognised provisions for losses in the previous fiscal year. It expects conditions to improve going forward, and believes that its financial position has become more resilient and that it is now better positioned to contribute to earnings.」
While business suspensions and other disruptions caused by the COVID-19 pandemic actually occurred, the company indicated that the business environment was beginning to emerge from the bottom as a result of recognising provisions and improving conditions. - FY2022-Q3RestatedAnnual report
「Regarding the impact of policies to prevent the spread of COVID-19, the virus spread in 2020 in countries such as Thailand, Myanmar, Cambodia and Vietnam, where it had not previously been widespread. The governments of the countries where the group operates continued to impose strict restrictions, including lockdowns, through September 2021. From October 2021 onward, restrictions and entry controls were eased in each country, and signs of economic recovery emerged.」
The company continues to explain the impact of lockdowns and other measures during the COVID-19 pandemic, while maintaining its view that easing restrictions and an economic recovery trend have emerged since October 2021. - FY2022-Q2RestatedAnnual report
「Regarding the impact of the spread of COVID-19, the Digital Finance and resort businesses operated by equity-method affiliates were particularly affected.」
The company continues to explain that COVID-19 is affecting the Digital Finance and resort businesses of its equity-method affiliates. - FY2022-Q1RestatedAnnual report
「Regarding the impact of the spread of COVID-19, the Digital Finance and resort businesses operated by equity-method affiliates were particularly affected.」
The company continues to explain that COVID-19 is affecting the Digital Finance and resort businesses of its equity-method affiliates. - FY2021MaterialisedAnnual report
「The current fiscal year was a year that could be described as the bottom of the business environment, with both the Digital Finance and resort businesses effectively suspended due to lockdowns, border closures and political upheaval in various countries caused by the COVID-19 pandemic.」
COVID-19, lockdowns, border closures and political upheaval resulted in the Digital Finance and resort businesses effectively suspending operations. - FY2021-Q3WorsenedAnnual report
「COVID-19, which had not previously spread widely in countries such as Thailand, Myanmar, Cambodia and Vietnam, is now spreading there, with the number of deaths increasing rapidly. As a result, the governments of the countries where the group operates have moved toward strict restrictions such as lockdowns, making it necessary to maintain a cautious business policy.」
The company indicated that COVID-19 had spread to Thailand, Myanmar, Cambodia, Vietnam and other countries, resulting in a rapid increase in deaths and the introduction of strict restrictions. - FY2021-Q2RestatedAnnual report
「Regarding the impact of policies to prevent the spread of COVID-19, infection levels and policy responses differ significantly among Southeast Asian countries. In Thailand, Cambodia, Laos and Indonesia, lockdowns and other restrictions have either continued or been tightened again in 2021, and a return to normal business operations remains awaited.」
Lockdowns and other restrictions have continued or been tightened across Southeast Asian countries, and the situation in which the company awaits a return to normal operations has continued. - FY2021-Q1RestatedAnnual report
「Government lockdowns and other measures to prevent the spread of COVID-19 resulted in business suspensions and closures.」
Lockdowns, business suspensions and closures resulting from COVID-19 countermeasures have continued to affect the Digital Finance business. As infection levels and policy responses differ by country, the company continues to assess the situation cautiously. - FY2020RestatedAnnual report
「However, it is clear that these policy responses have weakened the economies of the respective countries, resulting in lower demand for the group’s core products, such as motorcycles, and an overall decline in the repayment capacity of new customers.」
The company indicates that lockdowns and business suspensions associated with COVID-19 countermeasures, declining demand for core products and lower repayment capacity among new customers have continued. - FY2020-Q3MaterialisedAnnual report
「However, even in countries where we were operating in March, government lockdowns and other measures to contain COVID-19 resulted in business suspensions and closures.」
The company explains that lockdowns, business suspensions and closures resulting from COVID-19 countermeasures occurred in the Digital Finance business, weighing on revenue and segment profit. Although lockdowns were gradually lifted from May onward, demand for core products continued to decline in Cambodia and Myanmar. - FY2020-Q2First statedAnnual report
「The impact of business suspensions and closures resulting from measures against COVID-19 means that the outlook remains uncertain.」
The company explained that the spread of COVID-19 led to lockdowns, business suspensions and closures in various countries, reducing demand for key products such as motorcycles and delaying orders for the Content business.