Decline in Accommodation Demand and Telecommunications Revenue Due to COVID-19
First written in FY2020-Q3. 10 of 18 entries say "Mitigated", first in FY2022-Q3. Latest entry: FY2024.
Temairazu 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: 25 of 30 companies on the "Worse" side.
13 other companies' latest entry also says "Mitigated".
- FY2024MitigatedAnnual report
「The global economy is currently seeing COVID-19 subside and economic activity become more vigorous.」
The Company describes the subsiding of COVID-19 and the revitalization of economic activity, indicating that the previous impact of the pandemic on accommodation demand and communication fee revenue has eased further. - FY2024-Q3MitigatedAnnual report
「In the lodging and travel industry, which is related to the application services business, accommodation demand and consumer spending remained firm, supported by domestic travelers during the year-end and New Year holidays and spring break, as well as the recovery in inbound demand.」
With no restrictions on activities or entry associated with COVID-19, domestic and international accommodation demand recovered, further easing the previous impact of lower demand. - FY2024-Q2MitigatedAnnual report
「The lodging and travel industry, which is related to the application services business, saw accommodation demand recover as the restrictions on activities and entry restrictions associated with COVID-19 were lifted.」
As the restrictions on activities and entry restrictions were lifted, accommodation demand recovered and the previous impact of lower demand caused by COVID-19 eased further. - FY2024-Q1MitigatedAnnual report
「The lodging and travel industry, which is closely related to the application services business, entered the summer holiday season without the restrictions on activities or entry restrictions associated with COVID-19, and accommodation demand recovered.」
Accommodation demand recovered during the summer holiday season without restrictions on activities or entry restrictions, further easing the impact of the previous decline in accommodation demand caused by COVID-19. However, this filing does not newly state the risk of renewed deterioration due to a resurgence of infections or other factors. - FY2023MitigatedAnnual report
「However, if strict restrictions on activities are imposed in the future due to a resurgence of COVID-19 or the spread of a new infectious disease, the Company’s business and performance may be affected by a decline in communication fee revenue linked to the number of bookings, a slowdown in new contract acquisition and a decrease in the number of contracts due to facility closures and other factors.」
The filing states that the previous impact of lower demand had eased due to the lifting of restrictions on activities, the end of border measures and the recovery in travel demand, while the risk of renewed deterioration from a resurgence of infections or a new infectious disease remains. - FY2023-Q3MitigatedAnnual report
「During the cumulative third-quarter period, accommodation demand from domestic travelers was stimulated by the absence of restrictions on activities and the resumption of the nationwide travel assistance program, despite the prolonged eighth wave of COVID-19 infections. Inbound accommodation demand was also stimulated after border measures for entry into Japan were eased on 11 October 2022, and inquiries received by the Company increased.」
While the eighth wave continued for an extended period, domestic and international accommodation demand was stimulated by the absence of restrictions on activities, the resumption of the nationwide travel assistance program and the easing of border measures, and inquiries received by the Company increased. - FY2023-Q2MitigatedAnnual report
「In the application services business, accommodation demand recovered as entry restrictions were eased and the nationwide travel assistance program was implemented. As a result, net sales for the cumulative second-quarter period were ¥889.373 million, up 10.7% year on year; operating profit was ¥653.142 million, up 15.0%; ordinary profit was ¥654.214 million, up 14.3%; and net income for the quarter was ¥425.336 million, up 11.3%.」
Accommodation demand recovered as entry restrictions were eased and the nationwide travel assistance program was implemented, resulting in year-on-year increases in consolidated net sales, operating profit, ordinary profit and net income for the quarter. The impact of lower demand caused by COVID-19 eased in part. - FY2023-Q1MitigatedAnnual report
「In the Application Services business, lodging demand showed some recovery as activity and economic activity in Japan picked up. As a result, cumulative first-quarter revenue was ¥433.949 million, up 8.5% year on year; operating profit was ¥318.659 million, up 14.2%; ordinary profit was ¥319.126 million, up 13.0%; and quarterly net profit was ¥213.536 million, up 12.3%.」
Despite the continuing impact of lower accommodation demand caused by COVID-19, the recovery in demand accompanying the revitalization of domestic mobility and economic activity appeared as increases in revenue and profit. - FY2022MitigatedAnnual report
「From March onward, after restrictions on activities were lifted, signs of recovery in accommodation demand began to emerge, and the effect was reflected in the Company’s revenue and profit.」
Although the impact of lower accommodation demand caused by COVID-19 continued from the first half of the fiscal year, signs of demand recovery emerged after restrictions on activities were lifted and were reflected in revenue and profit. - FY2022-Q3MitigatedAnnual report
「During the third quarter, the accommodation market slowed due to the spread of the Omicron variant, but the number of bookings at facilities using the “TEMAIRAZU” series increased year on year, and cancellations also began to stabilize.」
While the impact of the Omicron variant continued to slow the accommodation market, bookings at facilities using TEMAIRAZU increased year on year and cancellations showed signs of stabilizing, indicating that part of the impact had eased. - FY2022-Q2Impact continues, while cancellations trend lowerAnnual report
「In the application services business, the prolonged spread of COVID-19 continued to reduce accommodation demand, and cancellations due mainly to the closure of small accommodation facilities continued, although they were trending lower. Net sales for the cumulative second-quarter period were ¥803.767 million, down 4.0% year on year.」
The Company states that lower accommodation demand due to the prolonged COVID-19 pandemic and cancellations resulting from the closure of small accommodation facilities continued, although cancellations were trending lower. Consolidated net sales declined 4.0% year on year. - FY2022-Q1WorsenedAnnual report
「In the application services business, the impact of lower accommodation demand continued due to the resurgence of COVID-19. Net sales for the cumulative first-quarter period were ¥399.869 million, down 4.4% year on year, and operating profit was ¥279.061 million, down 7.6% year on year.」
The impact of lower accommodation demand continued due to the resurgence of COVID-19, and consolidated net sales and operating profit declined year on year. - FY2021WorsenedAnnual report
「However, the continuing decline in accommodation demand caused by COVID-19 continued to affect the Company’s monthly variable revenue. Cancellations also occurred, mainly among small accommodation facilities, due to temporary or permanent closures and withdrawal from the business. Although new contracts had been recovering, activity stalled partly due to the impact of the third wave of infections that began at the end of 2020 and the resulting reissuance of a state of emergency.」
The impact of lower accommodation demand on monthly variable revenue continued, and cancellations also occurred due to temporary or permanent closures and business withdrawals. New contracts, which had been recovering, also stalled because of the third wave and the reissuance of a state of emergency. - FY2021-Q3WorsenedAnnual report
「The continuing decline in accommodation demand caused by COVID-19 continued to affect the Company’s monthly variable revenue. Cancellations also occurred, mainly among small accommodation facilities, due to temporary or permanent closures and withdrawal from the business. Although new contracts had been recovering, activity stalled partly due to the impact of the third wave of infections that began at the end of 2020 and the resulting reissuance of a state of emergency.」
The impact of lower accommodation demand on monthly variable revenue continued, and cancellations occurred among small accommodation facilities due to temporary or permanent closures and business withdrawals. New contracts, which had been recovering, also stalled because of the third wave and the reissuance of a state of emergency, causing the impact of the risk to expand. - FY2021-Q2MaterialisedAnnual report
「The application services business continued to be affected by lower accommodation demand resulting from the spread of COVID-19, while the internet media business performed well, partly because stay-at-home demand continued.」
The impact of lower accommodation demand caused by COVID-19 continued during the quarter and affected the application services business. Meanwhile, the internet media business performed well due to stay-at-home demand. - FY2021-Q1MaterialisedAnnual report
「The application services business continued to be affected by lower accommodation demand resulting from the spread of COVID-19, while the internet media business performed well, partly because stay-at-home demand continued.」
The Company states that the impact of lower accommodation demand caused by COVID-19 continued during the quarter and affected the performance of the application services business. Meanwhile, stay-at-home demand continued in the internet media business. - FY2020MaterialisedAnnual report
「This also affected the Company’s revenue, with communication fee revenue declining due to lower accommodation demand and cancellations occurring as a result of facilities closing or suspending operations.」
The decline in accommodation demand caused by COVID-19 actually led to lower communication fee revenue and cancellations resulting from facilities closing or suspending operations. The negative impact for the period is additionally estimated at approximately ¥50 million. - FY2020-Q3First statedAnnual report
「Following the outbreak of COVID-19, accommodation demand declined substantially in the lodging and travel industry, which is closely related to our application services business. Our revenue has already been affected by a decline in communication fee revenue linked to the number of bookings, and may be further affected by a slowdown in the acquisition of new contracts and a decrease in the number of contracts due to facility closures and other factors.」
The Company states that the substantial decline in accommodation demand caused by COVID-19 and the resulting decline in communication fee revenue linked to the number of bookings had already occurred as matters to be added for the quarter. It also indicates the possibility of further revenue declines due to a slowdown in new contract acquisition and a decrease in the number of contracts resulting from accommodation facility closures.