Impact of COVID-19 on Business Activities and Profitability
First written in FY2020. 5 of 14 entries say "Restated". Latest entry: FY2025.
Human Holdings moved to the "Worse" side of this theme in 2025, 5 years after the typical company in this theme (2020).
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
27 other companies' latest entry also says "Reframed".
- FY2025ReframedAnnual report
「If customers or employees of our group suffer personal harm, or if school buildings, facilities or other property are damaged, as a result of a major earthquake, typhoon or other natural disaster or an infectious disease occurring in areas where our group operates, this could affect our group's performance.」
The company has recast its assessment from one centered on the impact of COVID-19 to a general business continuity risk encompassing natural disasters and infectious diseases. - FY2024-Q3RestatedAnnual report
「During the nine-month period ended [this] third quarter, the Japanese economy entered a gradual recovery phase as economic and social activity normalized following the change in the legal classification of COVID-19 to a Class 5 infectious disease in May 2023, but the impact on economic activity of heightened international tensions, price increases accompanying higher raw material prices and the ongoing depreciation of the yen has continued, and the outlook remains uncertain.」
The company continues to cite the move to Category 5 for COVID-19 and the normalization of economic and social activities, reconfirming its assessment that the business environment is on a recovery trend. - FY2024-Q1MitigatedAnnual report
「During the cumulative first-quarter period, the Japanese economy entered a moderate recovery trend as the classification of COVID-19 under the Infectious Diseases Control Law was changed to Category 5 and economic and social activities moved toward normalization.」
Regarding the impact of COVID-19 on the business environment, the company's assessment has shifted toward a recovery trend following the move to Category 5 and the normalization of economic and social activities. - FY2023-Q2WorsenedAnnual report
「During the six-month period ended [this] second quarter, the Japanese economy was expected to recover as restrictions on social activity were eased, but the outlook remained uncertain due in part to the impact on economic activity of the increase in COVID-19 cases during the seventh wave, the prolonged situation in Ukraine, rising raw material prices and the ongoing depreciation of the yen.」
Alongside expectations for a recovery resulting from the easing of restrictions on social activities, the increase in infections caused by the seventh wave is identified as a new adverse factor in the business environment. - FY2023-Q1Expected recovery and prolonged return to pre-pandemic levelsAnnual report
「Although we expect these effects to recover to a certain level as vaccination progresses, we anticipate that it will take time to return to pre-pandemic levels.」
The company expects some recovery from the impact of COVID-19 while also stating that a return to pre-pandemic levels will take time. - FY2022MitigatedAnnual report
「In Japan, while the impact of COVID-19 on economic activity continues amid population decline and a declining birthrate and aging population, the business environment is on a recovery trend, supported by the emergence of services adapted to new lifestyles and diverse working arrangements and the easing of entry restrictions.」
The company recognizes that although the impact of the infection continues, the business environment is on a recovery trend, supported by the easing of entry restrictions and the emergence of services adapted to new lifestyles. - FY2022-Q3WorsenedAnnual report
「Although government measures such as vaccination programs are advancing, the situation remains unpredictable as a new variant of COVID-19 has spread rapidly worldwide, community transmission has been confirmed in Japan, and concerns over a renewed spread of infections have grown.」
Alongside expectations for a recovery as vaccination progresses, the company describes the global spread of a new variant, confirmation of community transmission in Japan and concerns over a renewed spread of infections. - FY2022-Q2WorsenedAnnual report
「Although a recovery is expected due in part to the government's promotion of vaccination, the situation remains unpredictable, with concerns over a renewed spread of infections caused by the sixth wave.」
Regarding the impact of the infection on the business environment, the company newly explicitly notes concerns over a renewed spread of infections caused by the sixth wave, alongside expectations for a recovery. - FY2022-Q1RestatedAnnual report
「Sales declined due to factors including a decrease in the number of students enrolled in the education business, a lower utilization rate for day-care services in the care business, a decrease in customer traffic resulting from reduced operating hours and temporary closures at nail salons in the other businesses, and a decline in ticket sales in the sports business, following the spread of COVID-19.」
The impact of the infection on sales in the education, care, nail salon and sports businesses has continued. - FY2021RestatedAnnual report
「In response to the spread of COVID-19, our group has worked to ensure the safety of customers and employees by implementing measures to prevent the spread of infection, including working from home, staggered commuting, online meetings, sales activities and classes, and thorough hygiene management at each facility.」
The company continues to recognize the impact of the infection on business activities and earnings and describes a situation in which the impact continues across the education, personnel, care and other businesses. - FY2021-Q3RestatedAnnual report
「As care providers have been required to implement thorough measures to prevent the spread of COVID-19, some users of care services have been refraining from using day-care services and other facilities.」
Regarding the impact of COVID-19 on the care business, the company describes a situation in which users are refraining from using day-care services and other facilities, in addition to the requirement to implement infection prevention measures. - FY2021-Q2RestatedAnnual report
「Sales declined due to factors including a decrease in the number of students enrolled in the education business, a lower utilization rate for day-care services in the care business, a decrease in customer traffic resulting from reduced operating hours and temporary closures at nail salons in the other businesses, and a decline in ticket sales in the sports business, following the spread of COVID-19.」
The impact of COVID-19 on the education, care, nail salon and sports businesses, as well as the resulting decline in sales, has continued. - FY2021-Q1WorsenedAnnual report
「In the human resources industry, the employment environment has deteriorated rapidly as the effective job-offers-to-applicants ratio declined due to the spread of COVID-19, while restrictions on entry into Japan have made it difficult to secure human resources from overseas.」
The impact of COVID-19 has continued to emerge in demand for personnel, securing personnel overseas, education, care and other businesses, and a rapid deterioration in the employment environment has also been explicitly noted. - FY2020First statedAnnual report
「Sales declined due to factors including a decrease in the number of students enrolled in the education business, a lower utilization rate for day-care services in the care business, a decrease in customer traffic resulting from reduced operating hours and temporary closures at nail salons in the other businesses, and a decline in ticket sales in the sports business, following the spread of COVID-19.」
The company states that the impact of COVID-19 has already emerged in the number of students enrolled in the education business, utilization rates in the care business, customer traffic at nail salons and sports ticket sales, and also indicates the potential impact on performance if the effects become prolonged and more severe.