The loss of inbound tourism demand due to COVID-19 and supply chain risks
First written in FY2021-Q1. 2 of 6 entries say "Worsened", first in FY2021-Q3. Latest entry: FY2024-Q3.
Hokuyu Lucky moved to the "Worse" side of this theme in 2021.
1 other company's latest entry also says "Mitigated".
- FY2024-Q3MitigatedAnnual report
「Economic and social activity is moving toward normalization, as reflected in the recovery in private consumption and the increase in visitors from overseas,」
It describes an increase in visitors from overseas, indicating a change from the environment during the pandemic, which had included the loss of inbound demand. - FY2023-Q1WorsenedAnnual report
「In addition to higher energy prices, including the impact of the prolonged situation in Ukraine, rising raw material prices and increases in various costs caused by the rapid depreciation of the yen, concerns include the downward impact on corporate performance from supply chain disruptions,」
The supply chain risk previously described in connection with COVID-19 has again been specified as a factor weighing on corporate performance, linked to the situation in Ukraine, soaring prices and the weaker yen. - FY2021RestatedAnnual report
「The loss of inbound demand during the winter season in some regions, among other factors, became a negative factor,」
It reconfirms that the loss of inbound demand has emerged in actual full-year results as a negative factor affecting revenue. - FY2021-Q3WorsenedAnnual report
「The stagnation of economic activity and loss of inbound demand caused by the spread of COVID-19, among other factors,」
Compared with "contraction of inbound demand" in the previous quarter, this time it is described as "loss," indicating a stronger impact on inbound demand. There is no direct reference to supply chain risks. - FY2021-Q2SoftenedAnnual report
「The stagnation of economic activity in Japan and overseas and the contraction of inbound demand caused by the spread of COVID-19, among other factors,」
Compared with the previous description, "inbound demand was eliminated and supply chain risks emerged," this time it is described as "inbound demand contracted," with no direct reference to supply chain risks. - FY2021-Q1First statedAnnual report
「Restrictions on overseas travel imposed by various countries eliminated inbound demand and brought supply chain risks to the fore, among other effects,」
It identifies the loss of inbound demand caused by restrictions on overseas travel and the emergence of supply chain risks as new external risks.