Impact of COVID-19 on Demand and Sales Activities
First written in FY2020-Q3. 7 of 17 entries say "Restated". Latest entry: FY2025.
Aun Consulting 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.
50 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「If the spread of a new infectious disease leads governments to impose travel restrictions or request that people refrain from activities, the group's business and operating results could be adversely affected by a substantial contraction in economic activity, including a decline in inbound demand.」
The description has been reframed from the actual impact of COVID-19 to the future risk of travel restrictions and requests to refrain from activities due to a new infectious disease, and infectious disease risk continues to be disclosed. - FY2024MitigatedAnnual report
「In the inbound market, demand recovered substantially. According to the Japan National Tourism Organization (JNTO), the number of international visitors to Japan in 2023 was approximately 25.06 million, around 80% of the level in the same period of 2019 before the COVID-19 pandemic.」
Although the impact of COVID-19 remains a background factor in the material event related to the going-concern assumption, demand for travel to Japan has recovered to approximately 80% of the level in the same period of 2019, and the extent of the impact has eased compared with the previous year. - FY2024-Q3MitigatedAnnual report
「In the inbound market, demand recovered substantially. According to the Japan National Tourism Organization (JNTO), the number of international visitors to Japan in 2023 was approximately 25.06 million, around 80% of the level in the same period of 2019 before the COVID-19 pandemic.」
Although the impact of COVID-19 on inbound demand remains and demand from private-sector companies has not fully recovered, the number of visitors to Japan has recovered to approximately 80% of the level in the same period of 2019, and the extent of the impact has eased compared with the previous year. - FY2024-Q2MitigatedAnnual report
「In the inbound market, demand recovered substantially. According to the Japan National Tourism Organization (JNTO), the number of international visitors to Japan from January through November 2023 was 22.33 million, approximately 76% of the level in the same period of 2019 before the COVID-19 pandemic.」
Although the impact of COVID-19 on inbound demand remains included in the description of material events related to the going-concern assumption, the company states that demand for travel to Japan recovered substantially and that the extent of the impact eased compared with the previous year. - FY2024-Q1MitigatedAnnual report
「In the inbound market, demand also recovered substantially. According to the Japan National Tourism Organization (JNTO), the number of foreign visitors to Japan from January through August 2023 was 15.18 million, or approximately 69% of the level recorded during the same period in 2019 before the pandemic.」
Although the impact of COVID-19 is still described as a factor contributing to a material event related to the going-concern assumption, the company states that inbound demand recovered substantially and that the extent of the impact eased compared with the previous year. - FY2023-Q3RestatedAnnual report
「As the effects of the COVID-19 pandemic continued, demand for inbound marketing, including promotions targeting visitors to Japan, mainly among private-sector companies, had not recovered fully. The business environment surrounding the Company therefore remained extremely challenging.」
The company has continued to disclose sluggish demand due to COVID-19 and the fact that demand for inbound marketing among private-sector companies has not yet fully recovered. - FY2023-Q2RestatedAnnual report
「As the effects of the COVID-19 pandemic continued, demand for inbound marketing, including promotions targeting visitors to Japan, mainly among private-sector companies, had not recovered fully. The business environment surrounding the Company therefore remained extremely challenging.」
The Company continues to recognise that the effects of COVID-19 remain and that demand for inbound marketing among private-sector companies has not recovered fully. - FY2023-Q1RestatedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, the business environment surrounding the company remained extremely challenging, as the impact of COVID-19 continued and demand, particularly among private-sector companies, for inbound marketing, such as promotions targeting visitors to Japan, had not yet fully recovered.」
The Company continues to recognise that the effects of COVID-19 remain and that demand for inbound marketing among private-sector companies has not recovered fully. - FY2022RestatedAnnual report
「As the spread of COVID-19 caused demand to stagnate across many industries, the business environment surrounding the Company became extremely challenging due to reductions in customers' marketing and promotional budgets and other factors.」
The company has continued to disclose the impact of weak demand due to the pandemic and reduced marketing budgets. Meanwhile, the operating loss narrowed from the previous year, and the company determined that there were no material concerns regarding cash flow management. - FY2022-Q3RestatedAnnual report
「The global COVID-19 pandemic, which became apparent in late January 2020, led to a substantial decline in the number of foreign visitors to Japan as governments imposed travel restrictions and requested that people refrain from activities. The resulting decline in demand for inbound promotions among the company's corporate customers had a significant impact on the group's business activities.」
The company continues to recognize that the decline in visitors to Japan and in demand for inbound promotions due to COVID-19 affected its business activities. - FY2022-Q1RestatedAnnual report
「The global COVID-19 pandemic, which became apparent in late January 2020, led to a substantial decline in the number of foreign visitors to Japan as governments imposed travel restrictions and requested that people refrain from activities. The resulting decline in demand for inbound promotions among the company's corporate customers had a significant impact on the group's business activities.」
The company continues to recognize that the decline in visitors to Japan and in demand for inbound promotions due to COVID-19 affected its business activities. It continues to identify as risks the possibility of renewed spread and prolonged travel restrictions due to delays in vaccination and new variants. - FY2021WorsenedAnnual report
「The group's core inbound marketing service suffered a substantial decline in demand as the number of visitors to Japan fell sharply due to the spread of COVID-19. As a result, the group has experienced a significant decline in revenue, a material operating loss and significantly negative operating cash flow, and events or conditions exist that raise substantial doubt about the group's ability to continue as a going concern.」
The impact of COVID-19 intensified over the full fiscal year, taking the form of a decline in visitors to Japan, weaker demand for the core service, a significant decline in revenue, an operating loss and significantly negative operating cash flow. - FY2021-Q3WorsenedAnnual report
「As the spread of COVID-19 caused sluggish demand across many industries, revenue declined year on year due to reductions in corporate marketing and promotional budgets. As a result, revenue for the cumulative third quarter of the current consolidated fiscal year was ¥802.692 million, down 44.6% from the same period of the previous year, while the operating loss was ¥125.420 million, compared with an operating loss of ¥45.357 million in the same period of the previous year.」
The impact of COVID-19 continued, and revenue decreased 44.6% year on year due to reductions in marketing budgets and other factors. The operating loss also widened from ¥45.357 million to ¥125.420 million. - FY2021-Q2WorsenedAnnual report
「As the spread of COVID-19 caused sluggish demand across many industries, revenue declined year on year due to reductions in corporate marketing and promotional budgets. As a result, revenue for the cumulative second quarter of the current consolidated fiscal year was ¥579.023 million, down 40.3% from the same period of the previous year, while the operating loss was ¥92.345 million, compared with an operating loss of ¥29.733 million in the same period of the previous year.」
The impact of COVID-19 continued, resulting in lower revenue due to reductions in marketing budgets and other factors, as well as an increase in the operating loss. Revenue decreased 40.3% year on year, while the operating loss widened from ¥29.733 million to ¥92.345 million. - FY2021-Q1MaterialisedAnnual report
「If the stagnation of domestic and overseas economic activity and restrictions on international travel due to COVID-19 are prolonged, the company's operating results and financial position could be materially affected by such factors as a decline in marketing revenue resulting from lower domestic and overseas corporate promotional budgets, a decrease in brokerage fee income due to reduced willingness to purchase or invest in overseas real estate, and delays in selling real estate held for sale by consolidated subsidiaries.」
The company has continued to disclose the risks associated with the stagnation of economic activity and restrictions on travel due to COVID-19, and multiple impacts have actually emerged, including the suspension of inbound advertising placements, a decline in revenue and the transfer of overseas real estate operations. - FY2020WorsenedAnnual report
「In addition, all economic activity was constrained by the spread of the novel coronavirus infection, resulting in a rapid slowdown. As the outlook for the end of the global spread of the infection remains unclear, the outlook continues to be uncertain.」
The impact of COVID-19 spread beyond inbound demand to restrictions on all types of economic activity and a rapid economic slowdown. For accounting purposes, the company has assumed that the impact will continue for part of the fiscal year ending May 2021. - FY2020-Q3MaterialisedAnnual report
「Although the global spread of COVID-19 has made it impossible to conduct property viewings and other activities locally overseas, the company is continuing to generate stable revenue by maintaining sales activities using online sales meeting systems and other tools, while strengthening initiatives in anticipation of the end of the COVID-19 pandemic.」
The global spread of COVID-19 has had an actual impact on multiple businesses, including cancellations of trips to Japan, suspensions of inbound advertising placements and the inability to conduct viewings of overseas properties. The number of visitors to Japan decreased 29.2% year on year from January to February 2020.