Impact of COVID-19 on the Recruitment Market and Business Activities
First written in FY2020-Q2. 8 of 13 entries say "Mitigated", first in FY2021-Q2. Latest entry: FY2023-Q3.
The whole theme swung hardest in 2024: 1 of 6 companies on the "Worse" side.
5 other companies' latest entry also says "Mitigated".
- FY2023-Q3MitigatedAnnual report
「Although the outlook remained uncertain because of soaring resource prices resulting from the situation in Ukraine, the rapid depreciation of the yen and other factors, restrictions on activity related to COVID-19 were eased and progress was made toward normalising social and economic activity.」
The easing of restrictions related to COVID-19 and the normalisation of social and economic activity continued, and recovery in hiring demand and revenue across the businesses was disclosed. Although uncertainty over the impact of the pandemic remained, its impact on the businesses was considered to have eased relatively. - FY2023-Q1MitigatedAnnual report
「The December 2022 Tankan survey announced by the Bank of Japan showed a deteriorating trend in business sentiment among large manufacturers. Although the outlook remained uncertain because of soaring resource prices resulting from the situation in Ukraine, the rapid depreciation of the yen and the resurgence of COVID-19, restrictions on activity related to COVID-19 were eased and progress was made toward normalising social and economic activity.」
Although uncertainty from the resurgence of infections and other factors remained, restrictions on activity were eased and social and economic activity continued to normalise, with recovery in hiring demand and revenue across the businesses disclosed. - FY2022MitigatedAnnual report
「In Japan's economy during the fiscal year from 1 October 2021 to 30 September 2022, the September 2022 Tankan survey announced by the Bank of Japan showed a deteriorating trend in business sentiment among large manufacturers. Although the outlook remained uncertain because of soaring resource prices resulting from the situation in Ukraine, the rapid depreciation of the yen and the resurgence of COVID-19, restrictions on activity related to COVID-19 were eased and progress was made toward normalising social and economic activity.」
Although uncertainty from the resurgence of infections and other factors remained, restrictions on activity were eased and progress was made toward normalising social and economic activity, with recovery in hiring demand and revenue disclosed. - FY2022-Q3MitigatedAnnual report
「The emergence of COVID-19 variants created uncertainty over the impact on the company's operating results. However, the impact was less severe than anticipated. Revenue in the “Engineer” segment of the media information business increased steadily, rising 14.0% year on year, while revenue in the “Women” segment, whose recovery had slowed because of COVID-19, also showed signs of recovery, increasing 41.7% year on year.」
Although uncertainty over the impact of variants on operating results remained, the company stated that the impact was less severe than anticipated. Revenue in the engineer segment rose 14.0% year on year and revenue in the women's segment rose 41.7%, indicating further recovery from the previous quarter. - FY2022-Q2MitigatedAnnual report
「The emergence of COVID-19 variants caused new infections to begin increasing, creating uncertainty over the impact on the company's operating results. However, the impact was less severe than anticipated. Revenue in the “Engineer” market of the media information business increased steadily, rising 11.5% year on year, while revenue in the “Women” market, whose recovery had slowed because of COVID-19, also showed signs of recovery, increasing 37.2% year on year.」
Although uncertainty over the impact on operating results continued because of variants, the company stated that the impact was less severe than anticipated. Revenue increased in both the engineer and women's markets, and hiring demand recovered. - FY2022-Q1MitigatedAnnual report
「This was because the temporary decline in COVID-19 cases partially revitalized economic activity, causing hiring demand, particularly in the IT industry, to show signs of recovery across the businesses and increasing the number of client companies.」
Against a backdrop of a temporary decline in infections and a partial revival of economic activity, hiring demand recovered, particularly in the IT industry, and the number of companies doing business increased. - FY2021MitigatedAnnual report
「This was because, although companies' willingness to hire was trending lower and the company's performance was affected by several declarations of a state of emergency in response to the spread of COVID-19, hiring demand, particularly in the IT industry, showed signs of recovery across the businesses, increasing the number of client companies.」
Although the impact of reduced willingness to hire under the state of emergency remained, hiring demand recovered, particularly in the IT industry, leading to an increase in the number of companies doing business and performance above plan. - FY2021-Q3WorsenedAnnual report
「Following the reissuance of a state of emergency on 25 April 2021 in response to the spread of COVID-19, companies' willingness to hire declined, affecting the company's operating results. However, revenue in the “Engineer” market of the media information business showed signs of improvement, reaching 114.2% of the prior-year level.」
The reissuance of the state of emergency reduced companies' willingness to hire, and the impact on operating results was disclosed. Meanwhile, total revenue substantially exceeded plan, supported by improvement in the engineer market and other factors. - FY2021-Q2MitigatedAnnual report
「The declaration of a state of emergency on 7 January 2021 in response to the spread of COVID-19 created uncertainty over the impact on the Group's operating results. However, the impact was less severe than anticipated, and revenue in the “Engineer” market of the media information business showed signs of improvement, reaching 93.5% of the prior-year level. Hiring demand in other businesses also showed signs of recovery, particularly in the IT industry, and the number of companies doing business increased and remained above plan as the company strengthened efforts to develop new opportunities.」
The company stated that the impact on operating results was less severe than anticipated even under the state of emergency. The recovery in hiring demand in the IT industry, the increase in the number of companies doing business through new opportunity development, and performance above plan indicated that the impact had eased partly from the broad-based scaling back and cancellation of hiring activities in the previous fiscal year. - FY2021-Q1Some companies resumed hiring despite the resurgence of infectionsAnnual report
「The outlook remained uncertain due to the resurgence of COVID-19. Meanwhile, the effective job openings-to-applicants ratio improved slightly to 1.06x in November 2020. Although many companies remained cautious about hiring due to the aforementioned economic uncertainty, some companies resumed hiring, primarily for IT engineer assignments.」
Although the resurgence of infections and companies' cautious approach to hiring continued, some companies resumed hiring, particularly for IT engineer positions, and the company reported signs of partial recovery from the across-the-board scaling back and cancellation of hiring activities in the previous fiscal year. - FY2020WorsenedAnnual report
「Against this backdrop, in terms of the financial position and operating results of the Group for the consolidated fiscal year, revenue in the media information business, recruitment agency business and graduate recruitment business was substantially below plan. This was due to a decline in the number of companies doing business in the women's market, particularly in sales and service occupations, as many recruiting companies cancelled or scaled back hiring activities, as well as lower revenue following the cancellation of Group-sponsored events and other activities from April onward.」
The impact of COVID-19, including the scaling back or cancellation of hiring activities by many recruiting companies, the decline in the number of companies doing business in the women's market and the cancellation of sponsored events, led to actual revenue declines and shortfalls against plan across multiple businesses for the fiscal year. - FY2020-Q3WorsenedAnnual report
「The effective job openings-to-applicants ratio fell sharply to 1.20x in May 2020, and the trend toward reducing or suspending hiring activity intensified rapidly among some client companies in response to the aforementioned economic uncertainty.」
The impact of COVID-19 on the recruitment market expanded, with the active job openings-to-applicants ratio declining and recruiting companies scaling back or cancelling hiring activities. Actual revenue declines and shortfalls against plan occurred in the media information business, graduate recruitment business and event operations. - FY2020-Q2First statedAnnual report
「This was because revenue declined as the number of corporate clients fell, partly because some job-posting companies reduced their hiring activities due to the impact of COVID-19, and competition with rival companies intensified, despite steady registrant acquisition and application volumes in the women's market.」
The global spread of COVID-19 heightened uncertainty over the economic outlook, and growth in the active job openings-to-applicants ratio slowed to 1.45. As some recruiting companies scaled back or cancelled their hiring activities, the number of companies doing business in the women's market declined, and revenue fell 13.9% year on year. In the graduate recruitment business, the number of placements for graduates scheduled to enter the workforce in 2021 fell below plan because recruitment schedules were postponed, while additional costs were incurred following the cancellation of company-sponsored events from April onward.