Sharp Decline in Concert and Event Demand Due to the Spread of COVID-19 and Its Impact on Business Performance
First written in FY2020. 8 of 13 entries say "Mitigated", first in FY2022-Q2. Latest entry: FY2024-Q3.
The whole theme swung hardest in 2020: 24 of 28 companies on the "Worse" side.
10 other companies' latest entry also says "Mitigated".
- FY2024-Q3MitigatedAnnual report
「During the cumulative third-quarter period, the concert and event market, where large-scale audience attendance had become possible, recovered and expanded rapidly, and the concert and event services business performed strongly.」
The concert and event market, where demand had fallen sharply due to COVID-19, is moving toward a stage of rapid recovery and expansion, with the core business performing strongly. - FY2024-Q2MitigatedAnnual report
「During the cumulative second-quarter period, the concert and event market, which had been suppressed by COVID-19, recovered and expanded rapidly, and the concert and event services business performed strongly.」
The concert and event market, which had been suppressed by COVID-19, recovered and expanded rapidly, and conditions are moving toward an easing of the impact of the sharp decline in demand caused by the pandemic. - FY2024-Q1MitigatedAnnual report
「During the cumulative first-quarter period, the concert and event market, which had been suppressed by COVID-19, recovered and expanded rapidly, and the concert and event services business performed strongly. As a result, performance improved substantially from the same quarter of the previous year.」
The concert and event market, which had been suppressed by COVID-19, recovered and expanded rapidly, and conditions are changing toward an easing of the impact of the sharp decline in demand caused by the pandemic. - FY2023-Q3MitigatedAnnual report
「The business environment surrounding the Group remains difficult, although the severe conditions in the live entertainment industry, including cancellations and postponements of performances and other events and attendance restrictions, are gradually easing, and concert and event demand is expected to recover gradually.」
Although cancellations and postponements of performances and attendance restrictions remain, conditions are gradually easing, and the recovery of concert and event demand is gathering momentum. - FY2023-Q2MitigatedAnnual report
「Although the impact of COVID-19 remains, the easing of event restrictions and restrictions on entry by foreign nationals has led many concerts to be held at 100% capacity. Concert and event demand is recovering notably, and customers' capital investment plans are also gradually taking more concrete form.」
Although the impact of COVID-19 remains, the easing of event and entry restrictions and the increase in events held at 100% capacity have led to a notable recovery in concert and event demand, and capital investment plans are taking concrete form. - FY2023-Q1MitigatedAnnual report
「Although the impact of COVID-19 continues, easing of event restrictions and restrictions on entry by foreign nationals has led many concerts and events to be held at 100% capacity. Against the backdrop of recovering concert and event demand, customers' capital investment plans are also gradually taking more concrete form.」
Although the impact of COVID-19 continues, concert and event demand and capital investment plans are recovering as event and entry restrictions are eased and more events are held at 100% capacity. - FY2022-Q3MitigatedAnnual report
「The business environment surrounding the Group remains difficult, although the severe conditions in the live entertainment industry, including cancellations and postponements of performances and other events and attendance restrictions, are gradually easing, and concert and event demand is expected to recover gradually.」
Although cancellations and postponements of performances and attendance restrictions remain, conditions are gradually easing, and the situation is changing toward a stage in which concert and event demand is expected to recover gradually. - FY2022-Q2MitigatedAnnual report
「The business environment surrounding the Group remained difficult, as cancellations and postponements of performances and other events, as well as attendance restrictions, continued across the live entertainment industry. Meanwhile, moves to ease attendance restrictions at large-scale events have recently emerged, and concert and event demand is expected to recover gradually.」
Although cancellations and postponements of performances and attendance restrictions continue, the situation is changing as attendance restrictions at large-scale events begin to ease and demand is expected to recover gradually. - FY2022-Q1RestatedAnnual report
「The business environment surrounding the Group remains difficult, as the prolonged restrictions on and voluntary restraint of events have had a serious impact on the entire live entertainment industry.」
The prolonged restrictions on and voluntary restraint of events continue to have a serious impact on the live entertainment industry, and the business environment remains difficult. - FY2021-Q3WorsenedAnnual report
「Restrictions on venue capacity and attendance rates for events have been eased gradually, but restrictions on large-scale events remain in place. The market recovery has been significantly delayed, partly due to the impact of the second and third waves.」
Although some event restrictions have been eased, restrictions on large-scale events remain in place, and the recovery of the concert and event market has been significantly delayed by the impact of the second and third waves. - FY2021-Q2MaterialisedAnnual report
「The Concert and Event Services business has continued to suspend most of its operations as restrictions on and voluntary cancellations of events remain in place to prevent the spread of COVID-19.」
The decline in events held due to COVID-19 continued through the cumulative second-quarter period, resulting in an 80.6% decrease in net sales in the concert and event services business and a segment loss of ¥2,495.177 million. - FY2021-Q1MaterialisedAnnual report
「The spread of COVID-19 had a profound impact on the entire entertainment industry, including the postponement of the Tokyo Olympic and Paralympic Games, while concerts and events continued to be held at levels close to zero.」
The decline in events held due to COVID-19 has continued, with its impact on the entertainment industry and the core business becoming evident in the actual business environment and performance. - FY2020First statedAnnual report
「However, from mid-February 2020 onward, most concerts and events were cancelled or postponed as the spread of COVID-19 continued. The concert and event services business, the Group's primary source of revenue, was hit by a significant decline in demand. As a result, net sales increased from the previous consolidated fiscal year, while operating income and ordinary income declined.」
The spread of COVID-19 led to the cancellation or postponement of most concerts and events from mid-February 2020 onward, causing a sharp decline in demand for the core business. H&X Technologies, Inc. also recorded an impairment loss of ¥107 million on business-use LED equipment.