Impact of the Spread of COVID-19 on Business Continuity and Performance
First written in FY2020. 5 of 10 entries say "Materialised", first in FY2020. Latest entry: FY2024.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2024ReframedAnnual report
「However, the spread of a new infectious disease in the future could disrupt the provision of stable services, including by delaying responses to customers, and could affect the Group's operating results and financial condition.」
The focus was shifted from the specific impact of COVID-19 to the risk to service continuity posed generally by new infectious diseases in the future. - FY2023MitigatedAnnual report
「The Company makes accounting estimates based on the assumption that COVID-19 has had no material impact on its business as a whole and that the impact of the spread of the infection on the Group is limited.」
The Company stated that, as of the current consolidated fiscal year, the impact of COVID-19 on its business as a whole was limited. - FY2023-Q1WorsenedAnnual report
「Continued close monitoring is required of domestic conditions going forward, including tight electricity supply and demand, concerns over LNG supplies resulting from the prolonged situation in Ukraine, and the rapid spread of infections during the seventh wave of COVID-19.」
The rapid spread of infections during the seventh wave of COVID-19 was described, together with tight electricity supply and demand and concerns over LNG supplies, as a concern regarding domestic conditions going forward. - FY2022-Q3WorsenedAnnual report
「However, the outlook remains uncertain, as infections caused by the highly transmissible Omicron variant began to spread in December.」
The Company described the spread of the Omicron variant and the resulting uncertainty over the outlook regarding COVID-19. - FY2022-Q2RestatedAnnual report
「The domestic economy during the cumulative second quarter under review continued to be affected by COVID-19, including the issuance of states of emergency and priority preventive measures in regions across Japan.」
The Company stated that the impact of COVID-19 continued. - FY2022-Q1MaterialisedAnnual report
「Within the other businesses, revenue in the nursing-care business was ¥317 million, down 1.8% year on year, due to a decline in the number of users amid the COVID-19 pandemic.」
The Company described a decline in nursing-care users due to the COVID-19 pandemic and a 1.8% decrease in revenue. - FY2021-Q3MaterialisedAnnual report
「In the wedding and event business, revenue was ¥322 million, down 68.8% year on year, due to the postponement of weddings and the voluntary restraint of banquets.」
The postponement of weddings and voluntary restraint of banquets continued due to the impact of COVID-19, and revenue in the wedding and event business fell 68.8% year on year. - FY2021-Q2MaterialisedAnnual report
「In the wedding and event business, revenue was ¥112 million, down 80.4% year on year, due to the postponement of weddings and the voluntary restraint of banquets.」
As the impact of COVID-19 continued, revenue in the wedding and event business fell 80.4% year on year. - FY2021-Q1MaterialisedAnnual report
「In the wedding and event business, revenue was ¥27 million, down 89.9% year on year, mainly because Grandier Bouquet Tokai was temporarily closed following the declaration of a state of emergency.」
Revenue in the wedding and event business fell 89.9% year on year due to COVID-19 and the closure associated with the declaration of a state of emergency. - FY2020MaterialisedAnnual report
「In the wedding and event business, revenue was ¥1,359 million, down 8.0% year on year, due to the cancellation of events and banquets amid concerns over COVID-19 and the postponement of wedding ceremonies.」
The Company first explicitly identified COVID-19 as a major risk and described its actual impact, including an 8.0% decline in revenue due to the cancellation and postponement of weddings and events.