Disruptions to Order-Taking and Sales Activities Due to the Spread of COVID-19
First written in FY2020-Q1. 6 of 12 entries say "Mitigated", first in FY2020. Latest entry: FY2025.
The whole theme swung hardest in 2020: 23 of 48 companies on the "Worse" side.
18 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「If the spread of infectious diseases for which treatments have not been established, such as COVID-19, causes social and economic activity to stagnate and the economy to deteriorate over the long term due to weaker consumer sentiment, this could affect the Group’s operating results and financial position.」
The Company continues to describe the risk of social and economic stagnation and a prolonged economic downturn resulting from outbreaks of COVID-19 and other infectious diseases. - FY2023-Q3MitigatedAnnual report
「As social restrictions resulting from the COVID-19 pandemic eased, social and economic activity steadily moved toward recovery and normalization.」
The Company explained that, as social restrictions resulting from the spread of infectious diseases eased, social and economic activity began recovering toward normalization. - FY2023-Q2MitigatedAnnual report
「As social restrictions resulting from the COVID-19 pandemic eased, social and economic activity steadily moved toward recovery and normalization.」
The Company stated that, as social restrictions resulting from COVID-19 eased, social and economic activity began recovering toward normalization. - FY2022-Q3MitigatedAnnual report
「Against the backdrop of economic activity moving toward normalization under the “living with COVID” environment, the number of orders for Aerial Store Phil Park was on a recovery trend compared with the previous consolidated fiscal year.」
The Company explained that, against the backdrop of economic activity normalizing under the “living with COVID” environment, the number of orders for Aerial Store Phil Park was on a recovery trend compared with the previous consolidated fiscal year. - FY2022-Q2MitigatedAnnual report
「At Aerial Store Phil Park, as society gradually recovered from the pandemic, the Company received 2 orders in the second quarter in addition to the 3 orders received in the first quarter, and order intake has gradually been recovering. Some of the orders had been proposed before the pandemic and their commercialization had been put on hold after taking the pandemic’s impact into consideration. They subsequently led to contracts after customers recognized the Company’s planning capabilities, which made maximum use of each location’s characteristics, and its record of attracting tenants during the pandemic.」
Projects that had been put on hold during the pandemic led to renewed contracts, resulting in 3 orders in the first quarter and 2 in the second quarter. Orders for Aerial Store Phil Park were described as gradually recovering. - FY2022-Q1MitigatedAnnual report
「The background includes the fact that society as a whole has become more resilient to the pandemic through measures such as promoting vaccination, as well as the Company’s steady efforts to develop plans that take into account the branding, visibility and convenience of tenants in Aerial Store Phil Park. As a result, the Company successfully continued to build up tenant recruitment even during the pandemic, which led landowners to place greater trust in the Company when it presented proposals.」
The Company explained that orders for Aerial Store Phil Park were recovering against the backdrop of greater social resilience to the pandemic and accumulated tenant recruitment. However, it did not state that the risks associated with COVID-19 itself had been eliminated. - FY2021RestatedAnnual report
「At Aerial Store Phil Park, the financial institutions that introduce landowners adopted a stronger wait-and-see stance following the declaration of a state of emergency in response to COVID-19, leaving the number of inquiries flat. A full recovery in order intake will still take time.」
The Company continues to describe financial institutions’ wait-and-see stance due to COVID-19 and the delayed recovery in orders for Aerial Store Phil Park. Meanwhile, order value was on a recovery trend compared with the previous fiscal year. - FY2021-Q3RestatedAnnual report
「At Aerial Store Phil Park, the financial institutions that introduce landowners adopted a stronger wait-and-see stance following the declaration of a state of emergency in response to COVID-19, leaving the number of inquiries flat. A full recovery in order intake will still take time.」
Financial institutions’ wait-and-see stance due to COVID-19 and the delayed recovery in orders for Aerial Store Phil Park have continued. The Company also explained that order value was on a recovery trend year on year. - FY2020MitigatedAnnual report
「Under the contract-ordering scheme, sales activities resumed in stages from July 2020 and on a full-scale basis from October 2020. Under the development-and-sales scheme, sales activities for properties held for sale resumed in September 2020.」
Contract-ordering sales activities and sales activities that had been suspended or restricted by the spread of COVID-19 resumed from July and October 2020, respectively, while property sales resumed from September 2020. - FY2020-Q3WorsenedAnnual report
「If the spread of infectious diseases for which treatments have not been established, such as COVID-19, causes social and economic activity to stagnate and the economy to deteriorate over the long term due to weaker consumer sentiment, this could affect the Group’s operating results and financial position.」
COVID-19 and similar infectious diseases were added as a standalone risk item, with the potential impact described as extending from stagnation in social and economic activity and weaker consumer sentiment to a prolonged economic downturn caused by infectious diseases for which treatments have not been established. - FY2020-Q2MaterialisedAnnual report
「To prevent the spread of COVID-19, the Group made the safety of customers and employees its top priority and, in principle, implemented teleworking from 4 April 2020 through 30 June 2020. While it was difficult to make proposals to landowners, the Group focused on attracting tenants to its Aerial Store Phil Park business.」
The spread of COVID-19 actually disrupted sales activities, resulting in teleworking in principle, difficulty making proposals, 0 orders in the second quarter due to the suspension of sales activities, and the decision to forgo sales. - FY2020-Q1First statedAnnual report
「Meanwhile, regarding the impact of the spread of COVID-19 on the business, the Company considers that prolonged requests for people to refrain from going out to prevent the spread of infection could disrupt order-taking and sales activities, and will continue to monitor changes in the situation closely.」
The Company clarified for the first time that the prolonged restriction on going out due to the spread of COVID-19 could disrupt order-taking and sales activities.