Impact of COVID-19 on Business Activities and Financial Performance
First written in FY2020-Q3. 8 of 14 entries say "Materialised", first in FY2020. Latest entry: FY2024-Q2.
Wellnet 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: 103 of 175 companies on the "Worse" side.
51 other companies' latest entry also says "Mitigated".
- FY2024-Q2MitigatedAnnual report
「Meanwhile, the impact of COVID-19 on economic activity has been almost eliminated.」
Regarding the impact of COVID-19 on the business environment, the assessment has shifted from the previous explanation of a severe impact on transportation demand and a recovery in progress to indicate that its impact on economic activity has been almost eliminated. - FY2024-Q1RestatedAnnual report
「The impact of COVID-19 on economic activity has led to an improving business environment surrounding our company as social activity normalizes following the shift to Category 5 from 8 May 2023.」
The report reconfirms that the business environment is improving as a result of the shift to Category 5 and the normalization of social activity. - FY2023MitigatedAnnual report
「Meanwhile, the impact of COVID-19 on economic activity has been almost eliminated through the normalization of social activity following the shift to Category 5 from 8 May 2023, and the business environment surrounding our company is also improving.」
The report states that, although the impact of COVID-19 on business activities and results continues, the business environment is improving as social activity normalizes following the shift to Category 5. - FY2023-Q2RestatedAnnual report
「In the market covering our principal business domain, transportation-related businesses such as airlines, buses and railways had begun to show signs of recovery.」
The report reconfirms that, while the impact of COVID-19 on transportation-related businesses continues, airlines, buses and railways are showing signs of recovery. - FY2023-Q1MitigatedAnnual report
「In the market covering our principal business domain, transportation-related businesses such as airlines, buses and railways had begun to show signs of recovery.」
The report states that, although the impact of COVID-19 on transportation-related businesses remained an ongoing issue, airlines, buses and railways had begun to show signs of recovery. - FY2022MaterialisedAnnual report
「Even in the market covering our principal business domain, the impact on transportation-related businesses such as airlines, buses and railways had not returned to pre-pandemic levels.」
The report states that, as of the end of the fiscal year ended June 2022, the impact of COVID-19 on transportation-related businesses had not returned to pre-pandemic levels. - FY2022-Q2MaterialisedAnnual report
「Even in the non-face-to-face payments market in which we operate, inbound travel and domestic travel and other mobility declined sharply. In particular, the impact on transportation-related businesses such as airlines, buses and railways during the year-end and New Year period had not returned to pre-pandemic levels.」
The decline in demand for travel and other mobility continued, and the impact on transportation-related businesses such as airlines, buses and railways during the year-end and New Year period had not returned to pre-pandemic levels. - FY2022-Q1MaterialisedAnnual report
「Even in the non-face-to-face payments market in which we operate, inbound travel and domestic travel and other mobility declined sharply. In particular, the impact on transportation-related businesses such as airlines, buses and railways during the summer vacation period, normally the peak season, remained severe. We are pursuing cost reductions through measures including expanded sales of new products such as ekaiin and the relocation and consolidation of the administration department at our Sapporo head office, but we believe that recovery to pre-pandemic levels will take some time.」
The report indicates that the sharp decline in travel demand and severe impact on transportation-related businesses continued, and that recovery to pre-pandemic levels will take some time. It also notes efforts to reduce costs through expanded sales of new products and the relocation and consolidation of the administration department. - FY2021MaterialisedAnnual report
「Even in the non-face-to-face payments market in which we operate, domestic travel demand declined sharply, and the impact on transportation-related businesses such as airlines, buses and railways was severe. Although we pursued cost reductions and new service development, our results remain difficult.」
The report states that the sharp decline in travel demand and the severe impact on transportation-related businesses caused by COVID-19 continued throughout the fiscal year, and that results remained difficult despite cost reductions and new service development. - FY2021-Q3MaterialisedAnnual report
「Even in the non-face-to-face payments market in which we operate, inbound travel and domestic travel demand declined sharply. In particular, the impact on transportation-related businesses such as airlines, buses and railways during March, which is the fiscal year-end month for many companies and also the graduation season, was severe. Although we pursued cost reductions, including expense cuts, and developed new services, our results remain difficult.」
The report states that the sharp decline in travel demand and the severe impact on airlines, buses and railways in March continued, and that results remained difficult despite cost reductions and new service development. - FY2021-Q2MaterialisedAnnual report
「Even in the non-face-to-face payments market in which we operate, inbound travel and domestic travel demand declined sharply. In particular, the impact on transportation-related businesses such as airlines, buses and railways during the year-end and New Year period was severe. Although the GoTo Travel Campaign had initially begun to show signs of recovery, its suspension due to the increase in infections has resulted in continued difficult business performance.」
The report states that the sharp decline in travel demand caused by COVID-19 and the severe impact on airlines, buses and railways during the year-end and New Year period continued, and that business performance again became difficult after the GoTo Travel Campaign was suspended. - FY2021-Q1MaterialisedAnnual report
「Even in the non-face-to-face payments market in which we operate, inbound travel and domestic travel demand declined sharply. In particular, the impact on transportation-related businesses such as airlines, buses and railways during the summer vacation period, normally the peak season for transaction volumes, was severe. Although we also pursued cost reductions, including expense cuts, our results remain difficult.」
The sharp decline in travel demand caused by COVID-19 and other factors, and the severe impact on transportation-related businesses such as airlines, buses and railways, are reflected in the results for the quarter. - FY2020MaterialisedAnnual report
「COVID-19 also had a significant impact on our business. In particular, the impact on transportation-related businesses, including airlines, bus companies and railways, where large-scale cancellations of services occurred, became severe in the fourth quarter of the fiscal year.」
The report states that large-scale cancellations of airline, bus and railway services caused by COVID-19 had a significant actual impact on our business activities and results. - FY2020-Q3First statedAnnual report
「The spread of COVID-19 could affect our business activities, but as many factors remain uncertain and undetermined at this stage, we will continue to monitor developments closely. COVID-19 has also had a significant impact on our business, particularly on transportation-related businesses such as airlines, buses and railways, where the impact of large-scale service cancellations became pronounced from March.」
The report identifies the spread of COVID-19 as a new risk to business activities. While noting that many factors remain uncertain and undetermined, it explains that the impact of large-scale cancellations of airline, bus and railway services became pronounced from March.