Impact of the Spread of COVID-19 on All Businesses and Downside Risk to Earnings Forecasts
First written in FY2020. 6 of 12 entries say "Mitigated", first in FY2022-Q1. Latest entry: FY2023-Q3.
The whole theme swung hardest in 2025: 7 of 24 companies on the "Worse" side.
25 other companies' latest entry also says "Mitigated".
- FY2023-Q3MitigatedAnnual report
「In the same quarter of the previous year, some local governments had issued states of emergency or priority preventive measures due to the spread of COVID-19, affecting operated facilities through closures and reduced operating hours. In the first 9 months of the current consolidated fiscal year, however, demand showed some recovery, particularly in the hotel business, partly because restrictions on activities and border-control measures were eased.」
In contrast to the impact of temporary closures and reduced operating hours at managed facilities in the same period of the previous year, demand recovered to some extent this period, particularly in hotels, as restrictions on activities and other measures were eased, and the management and operations business returned to operating profitability. - FY2023-Q2MitigatedAnnual report
「In the same quarter of the previous year, some local governments issued states of emergency and quasi-emergency measures to prevent the spread of disease, affecting managed facilities through temporary closures and reduced operating hours. In the first 2 quarters of the current consolidated fiscal year, demand recovered to some extent, particularly in the hotel business, as restrictions on activities were eased.」
In contrast to the impact of temporary closures and reduced operating hours at managed facilities in the same period of the previous year, demand recovered to some extent this period, particularly in hotels, as restrictions on activities were eased. The management and operations business also shifted from an operating loss to an operating profit. - FY2023-Q1MitigatedAnnual report
「Within the Group, the impact of temporary closures and reduced operating hours at commercial facilities, managed facilities and operating stores has continued in response to the government’s declaration of a state of emergency and requests from local authorities. However, because the areas covered and the restrictions were more limited than under the state of emergency declared during the first quarter of the previous consolidated fiscal year, results have recovered substantially.」
Although the impact of temporary closures and reduced operating hours remained, restrictions were more limited than in the same period of the previous year. Operating profit recovered from ¥10.7 billion to ¥24.9 billion, while quarterly net income attributable to owners of the parent recovered from ¥100 million to ¥14.4 billion. - FY2022MitigatedAnnual report
「Although the spread of COVID-19 had a significant impact on the Company’s results in the previous consolidated fiscal year, constraints on business activities were limited in the current consolidated fiscal year.」
The impact of temporary closures and reduced operating hours remained, but business constraints were more limited than in the previous fiscal year, and operating profit recovered from ¥56.5 billion to ¥83.8 billion. - FY2022-Q3WorsenedAnnual report
「Operating conditions through the first 3 quarters of the current consolidated fiscal year remained strong, with steady progress against the full-year forecast. However, as infections caused by a new variant are spreading again, the company will closely monitor the impact on future business activities.」
Results recovered substantially as restrictions were more limited than in the previous year, and progress against the full-year forecast was steady. However, infections caused by a new variant began spreading again, requiring the company to monitor the impact on future business activities. - FY2022-Q2MitigatedAnnual report
「Within the Group, the impact continued mainly during the first quarter of the current consolidated fiscal year through temporary closures and reduced operating hours at commercial facilities, managed facilities and operating stores in response to the government’s declaration of a state of emergency and requests from local authorities, as well as through reduced operating hours during the second quarter. However, because the areas covered and the restrictions were more limited than under the state of emergency declared during the first quarter of the previous consolidated fiscal year, results have recovered substantially.」
The impact of temporary closures and reduced operating hours continued, but the areas covered and restrictions were more limited than in the first quarter of the previous year, and results recovered substantially. - FY2022-Q1MitigatedAnnual report
「Within the Group, the impact of temporary closures and reduced operating hours at commercial facilities, managed facilities and operating stores has continued in response to the government’s declaration of a state of emergency and requests from local authorities. However, because the areas covered and the restrictions were more limited than under the state of emergency declared during the first quarter of the previous consolidated fiscal year, results have recovered substantially.」
The impact of temporary closures and reduced operating hours continued, but the areas covered and restrictions were more limited than in the first quarter of the previous year. Operating profit recovered from a loss of ¥3.5 billion in the previous year to a profit of ¥10.7 billion, while profit attributable to owners of the parent recovered from a loss of ¥14.0 billion to a profit of ¥100 million. - FY2021WorsenedAnnual report
「The spread of COVID-19 continues, with no clear prospect of when it will end. A third state of emergency was declared in April 2021, making it difficult to reasonably estimate the impact of the spread of COVID-19 on the next consolidated fiscal year.」
The impact of temporary closures and reduced operating hours continued across all businesses, and the company also referred to the third state of emergency declared in April 2021. For the full year, operating profit was ¥56.5 billion and net income attributable to owners of the parent was ¥21.7 billion. - FY2021-Q3WorsenedAnnual report
「After the state of emergency was lifted, operations gradually resumed and results have been recovering since the second quarter of the consolidated fiscal period, supported by various government policies, although the impact has continued, including a tendency to refrain from going out due to the renewed spread of COVID-19.」
Results have been recovering since operations resumed, but restrictions on going out due to the renewed spread of infections have continued, prolonging the impact. The company also referred to the reissuance of a state of emergency in January 2021, indicating that the risks were continuing and worsening. - FY2021-Q2WorsenedAnnual report
「In the first quarter, the declaration of a state of emergency by the government and other measures resulted in significant constraints on business activities across all segments of the Group, including temporary closures and reduced operating hours at commercial facilities in the urban business, managed facilities in the wellness business and operating stores in each segment. After the declaration was lifted, operations gradually resumed, and results have been recovering from the second quarter onward, although the recovery has been slower than initially expected, particularly at managed facilities in the wellness business and operating stores in the Hands business.」
Results began to recover after operations resumed, but the recovery, particularly in the wellness and Hands businesses, has been slower than initially expected, and the impact of the pandemic has persisted. - FY2021-Q1MaterialisedAnnual report
「Within the Group, temporary closures and reduced operating hours at commercial facilities, managed facilities and operating stores, in response to the government’s declaration of a state of emergency and requests from local authorities, placed significant constraints on business activities across all segments, and results deteriorated substantially compared with the same quarter of the previous year.」
Temporary closures and reduced operating hours due to the spread of COVID-19 occurred across all segments. The first quarter resulted in an operating loss of ¥3.5 billion and a quarterly net loss attributable to owners of the parent of ¥14.0 billion. - FY2020First statedAnnual report
「However, with the spread of the novel coronavirus pandemic, the Group's businesses, including commercial facilities, operated facilities and retail stores, have been significantly affected since the fourth quarter of fiscal 2019. As achieving the numerical targets for fiscal 2020 became difficult, the earnings forecast was set at operating profit of ¥50.0 billion and profit attributable to owners of the parent of ¥26.0 billion.」
The company reported that impacts on commercial facilities, managed facilities and operating stores began in the fourth quarter of fiscal 2019, making it difficult to achieve its numerical targets for fiscal 2020, and that it had lowered its earnings forecasts.