Disaster, Infectious Disease and Prolonged Recovery Risks Associated with Concentration in the Tokyo Metropolitan Area
First written in FY2019. 7 of 12 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2020: 9 of 34 companies on the "Worse" side.
0 other companies' latest entry also says "Reframed".
- FY2023ReframedAnnual report
「In addition, as the Group shifted to a work style centered on remote work following the spread of COVID-19, organizational issues arising from reduced opportunities for face-to-face communication and other factors could make proper business operations difficult and affect the Group's performance.」
The description of infectious-disease risks has expanded beyond restrictions on events and business activities to include reduced face-to-face communication and organizational issues associated with the shift to remote work. - FY2023-Q3RestatedAnnual report
「Although the spread of COVID-19 requires close monitoring, performance recovered significantly compared with the previous year-on-year period, when restrictions on attendance were required.」
While identifying the spread of COVID-19 as a factor requiring continued close monitoring, the filing states that the sports business recovered from the previous year-on-year period, when attendance was restricted. - FY2023-Q2RestatedAnnual report
「Although the spread of COVID-19 requires close monitoring, performance recovered significantly compared with the previous year-on-year period, when restrictions on attendance were required.」
While the spread of COVID-19 remains a factor requiring continued close monitoring, the filing states that the sports business recovered from the previous year-on-year period, when attendance was restricted. - FY2023-Q1RestatedAnnual report
「Although the spread of COVID-19 continues to require close monitoring, performance recovered significantly compared with the previous year-on-year period, when restrictions on attendance were also required.」
While the spread of COVID-19 remains a risk requiring continued close monitoring, the filing states that the sports business recovered year on year despite restrictions on attendance. - FY2022ReframedAnnual report
「Regarding the impact of COVID-19, the Group's performance and other results could be materially affected if sporting events such as professional baseball games continue not to be held as usual, or if the Group's other businesses are constrained in their activities and general consumers reduce their spending due to worsening economic conditions.」
The risks have been organized as independent COVID-19 impacts extending beyond the previous risks of concentration in the Tokyo metropolitan area and delayed recovery due to infectious diseases to restrictions on sporting events, consumer spending and Group-wide business activities. - FY2022-Q3RestatedAnnual report
「Due to the spread of COVID-19, the previous season's official professional baseball games began later than usual, on 19 June 2020, and were initially played without spectators. This season, however, the season opened as usual on 26 March 2021, and although infectious-disease measures, including restrictions on attendance, remained necessary, performance recovered year on year.」
While the impact of infectious diseases on the sports business has continued this season in the form of events held with restrictions on attendance, performance recovered year on year. - FY2022-Q2RestatedAnnual report
「The official professional baseball season opened on 26 March 2021, and games were held while implementing measures to prevent infectious diseases, including restrictions on attendance.」
The impact of COVID-19 on the sports business has continued after the season opener in the form of events held with restrictions on attendance. - FY2022-Q1RestatedAnnual report
「The official professional baseball season opened on 26 March 2021, and games were held while implementing measures to prevent infectious diseases, including restrictions on attendance. The previous season's official professional baseball games began on 19 June 2020 due to the spread of COVID-19, and all games held during the same period of the previous year had been played without spectators.」
Although the impact of infectious diseases on the sports business has continued, this season opened and the business has shifted to holding events with restrictions on attendance. - FY2021-Q3RestatedAnnual report
「The official professional baseball season, which normally opens in late March, began on 19 June in the 2020 season and was played through November. Games were initially played without spectators, and although the spectator capacity limit was gradually relaxed thereafter, the spread of COVID-19 had an impact.」
The impact of infectious diseases on business continuity has continued in the form of a delayed season opener, games played without spectators and the gradual relaxation of spectator capacity limits. - FY2021-Q2WorsenedAnnual report
「The official professional baseball season, which normally opens in late March, began on 19 June. Games were initially played without spectators, and although the spectator capacity limit was gradually relaxed thereafter, the spread of COVID-19 had an impact.」
The impact of infectious diseases on business continuity has continued in the concrete forms of a delayed season opener, games played without spectators and the gradual relaxation of spectator capacity limits. - FY2021-Q1MaterialisedAnnual report
「With the spread of COVID-19, the official professional baseball season, which normally opens in late March, began on 19 June, and all games during the first quarter of the fiscal year were played without spectators.」
The previously disclosed risk of infectious diseases and other events affecting business continuity materialized in the form of the spread of COVID-19, postponement of the season opener and all games being played without spectators. - FY2019First statedAnnual report
「Our group has formulated a business continuity plan (BCP) and established systems to maintain operations as far as possible or restore them promptly. However, our group’s principal offices are concentrated in the Tokyo metropolitan area. If a natural disaster such as an earthquake or typhoon, an outbreak of an infectious disease such as novel influenza, or another event that impedes the continuation of business activities occurs in that area, restoration of operations may require a prolonged period and substantial costs, depending on the extent of the damage.」
The filing states that, although a BCP has been formulated, the concentration of major offices in the Tokyo metropolitan area means that natural disasters, infectious diseases and other events could result in prolonged recovery and substantial costs.