Natural Disasters, Social Infrastructure Disruptions and Infectious Diseases
First written in FY2016. 3 of 8 entries say "Worsened", first in FY2021-Q1. Latest entry: FY2023.
The whole theme swung hardest in 2020: 67 of 114 companies on the "Worse" side.
101 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「If natural disasters, disruptions to electricity or other social infrastructure, disruptions to telecommunications or broadcasting, distribution disruptions, major accidents, epidemics, war, terrorism, political instability, social unrest or other events occur in the regions where the Group conducts or develops its business, they may adversely affect the business activities of the Group or its business partners.」
The Company continues to disclose the risk of business impacts from natural disasters, disruptions to social infrastructure, war, infectious diseases and other events. - FY2022MitigatedAnnual report
「The impact had begun to ease in the fiscal year ending March 2022, mainly in Europe, the United States and Japan, and its effect on business activities had declined. However, some impact remains, and it remains difficult to accurately predict when a recovery will occur.」
The impact of COVID-19 on business activities declined, mainly in Europe, the United States and Japan, but some impact and uncertainty over the timing of recovery remain. - FY2022-Q1MitigatedAnnual report
「Loss due to COVID-19 99 –」
The ¥99 million loss due to COVID-19 recognized in the same quarter of the previous year was not recognized in the current quarter. However, measures relating to temporary facility closures and event cancellations were disclosed. - FY2021-Q3WorsenedAnnual report
「In response to the states of emergency and requests for business closures issued by the national and local governments in connection with the spread of COVID-19, certain facilities operated by the Group were temporarily closed and events were cancelled as part of the Group's efforts to prevent the spread of infection. Fixed costs incurred during the closure period have been recognized as an extraordinary loss due to COVID-19. Loss due to COVID-19 241」
The Company recognized ¥241 million in losses from facility closures, event cancellations and other measures related to COVID-19, up from ¥132 million on a cumulative basis in the previous quarter. - FY2021-Q2WorsenedAnnual report
「Losses attributable to COVID-19 132」
¥132 million has been recognized as an extraordinary loss due to COVID-19, with the impact of facility closures, event cancellations and other measures continuing to arise on a cumulative basis through the second quarter. - FY2021-Q1WorsenedAnnual report
「In response to declarations of a state of emergency and requests from the national and local governments to suspend operations, issued amid the spread of COVID-19, the Group decided to temporarily close some of its facilities and cancel events in an effort to prevent the spread of infection. Fixed costs incurred during the resulting closure period were recorded as extraordinary losses attributable to COVID-19.」
Infectious-disease risk materialized during the current quarter in the form of temporary closures of some facilities, event cancellations and the recording of ¥99 million in fixed costs as an extraordinary loss. - FY2020MaterialisedAnnual report
「As the spread of COVID-19 made it impossible to conduct events and other operations, and significantly affected the global economy, demand for advertising from customer companies declined, and the Group saw orders decrease across a broad range of regions and fields.」
The Company states that the spread of COVID-19 actually resulted in the inability to conduct event operations, declining advertising demand and a decrease in orders as infectious-disease risk materialized. - FY2016First statedAnnual report
「Natural disasters, disruptions to electricity and other social infrastructure, communications and broadcasting disruptions, distribution disruptions, large-scale accidents, epidemics, war, terrorism, political instability, social unrest or similar events may adversely affect the business activities of the Group or its business partners and may adversely affect the Group's financial position and operating results.」
Preventive and mitigation measures through the Disaster Prevention Committee and disaster response regulations are described.