Impact of the COVID-19 Pandemic on Business Operations and Performance
First written in FY2020. 5 of 9 entries say "Restated". Latest entry: FY2023-Q3.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2023-Q3RestatedAnnual report
「There have been no material changes in the assumptions concerning the impact of the spread of COVID-19 described under Significant Accounting Estimates in the annual securities report for the previous consolidated fiscal year.」
It was stated that there had been no material changes to the assumptions underlying accounting estimates concerning the impact of the spread of COVID-19. - FY2023-Q2MitigatedAnnual report
「During the cumulative second-quarter consolidated period, Japan’s economy remained on a gradual recovery trend, with signs of improvement in employment and income conditions as socioeconomic activity moved further toward normalisation, including the reclassification of COVID-19 as a Class 5 disease.」
The transition of COVID-19 to Class 5 and the normalisation of socioeconomic activity were described, indicating that the impact of the disease on the business environment was declining from previous levels. The operating loss in the facilities operations business also narrowed as tourism demand recovered. - FY2022-Q3MaterialisedAnnual report
「In the facilities operations business, net sales were ¥676 million and the operating loss was ¥347 million, due in part to advisory fees incurred in connection with the acquisition of shares in a hotel operating company and the impact of weak lodging demand caused by COVID-19.」
Weak lodging demand caused by COVID-19 continued to have an actual impact on the performance of the facilities operations business, resulting in an operating loss of ¥347 million. - FY2022-Q2MaterialisedAnnual report
「During the cumulative second-quarter consolidated period, net sales were ¥385 million and the operating loss was ¥265 million, due in part to advisory fees incurred in connection with the acquisition of shares in a hotel operating company and the impact of weak lodging demand caused by COVID-19.」
Weak lodging demand caused by COVID-19 actually affected the performance of the facilities operations business, resulting in an operating loss of ¥265 million. - FY2022-Q1RestatedAnnual report
「The impact of COVID-19 and geopolitical risks on the real estate market requires continued attention.」
The need to remain alert to the impact of COVID-19 on the business environment and real estate market was reaffirmed alongside geopolitical risks. - FY2021-Q3RestatedAnnual report
「If the prolonged stagnation of economic activity caused by the spread of COVID-19 continues, it could affect the Group’s business performance, and the Company will continue to closely monitor developments.」
The possibility that prolonged stagnation of economic activity caused by COVID-19 could affect business performance, and the statement that developments would continue to be closely monitored, were reaffirmed. - FY2021-Q2RestatedAnnual report
「If the prolonged stagnation of economic activity caused by the spread of COVID-19 continues, it could affect the Group’s business performance, and the Company will continue to closely monitor developments.」
The possibility that prolonged stagnation of economic activity caused by COVID-19 could affect business performance, and the statement that developments would continue to be closely monitored, were reaffirmed. - FY2021-Q1RestatedAnnual report
「If the prolonged stagnation of economic activity caused by the spread of COVID-19 continues, it could affect the Group’s business performance, and the Company will continue to closely monitor developments.」
The possibility that prolonged stagnation of economic activity caused by COVID-19 could affect business performance, and the statement that developments would continue to be closely monitored, were reaffirmed. - FY2020First statedAnnual report
「The scale and timing of the end of the spread of COVID-19 remain uncertain, and further spread or prolonged duration of the infection could affect the Group’s business performance and other matters. If the Company’s officers or employees become infected, business operations could be disrupted, potentially affecting the Company’s business performance.」
In addition to the impact on the broader economy, the risks that further spread or prolonged duration of the infection and infections among officers and employees could affect business operations and performance were explicitly identified.