Deterioration in the Usage and Real Estate Investment Markets Due to the Spread of COVID-19
First written in FY2020-Q2. 8 of 13 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2023: 1 of 10 companies on the "Worse" side.
4 other companies' latest entry also says "Dropped".
- FY2023DroppedAnnual reportThe FY2023 business and other risks do not list COVID-19 as a separate risk item. It has been replaced by a general description of risks relating to changes in the economic environment and social conditions.
- FY2023-Q3RestatedAnnual report
「During the cumulative third quarter, there were no new business or other risks, nor any material changes to the business and other risks described in the securities report for the previous fiscal year. The company will continue to closely monitor the future situation regarding the impact of COVID-19 on its business.」
The company stated that there were no material changes to new or existing risks and that it would continue to monitor the impact of COVID-19 on the business. - FY2023-Q2RestatedAnnual report
「During the cumulative second quarter, there were no new business or other risks, nor any material changes to the business and other risks described in the securities report for the previous fiscal year. The company will continue to closely monitor the future situation regarding the impact of COVID-19 on its business.」
The company states that there were no new risks or material changes to existing risks and that it continues to monitor the impact of COVID-19 on its business. - FY2023-Q1RestatedAnnual report
「During the cumulative first quarter, there were no new business or other risks, nor any material changes to the business and other risks described in the securities report for the previous fiscal year. The company will continue to closely monitor the future situation regarding the impact of COVID-19 on its business.」
The company stated that there were no material changes to new or existing risks and that it would continue to monitor the impact of COVID-19 on the business. - FY2022RestatedAnnual report
「Although the company currently expects the impact of the spread of COVID-19 on its business activities to be limited, a renewed spread of the infection or a prolonged period before its containment could result in suspension or restriction of sales activities, an increase in cancellations of self-storage facility usage, delays in self-storage facility construction, and prolonged facility sales due to stagnation in the investment market.」
While currently expecting the business impact of COVID-19 to be limited, the company is reconfirming the potential effects of a renewed spread or prolonged outbreak on sales activities, usage, construction and sales. - FY2022-Q3RestatedAnnual report
「During the cumulative third quarter, there were no new business or other risks, nor any material changes to the business and other risks described in the securities report for the previous fiscal year. The company will continue to closely monitor the future situation regarding the impact of COVID-19 on its business.」
The company stated that there were no material changes to new or existing risks and that it would continue to monitor the impact of COVID-19 on the business. - FY2022-Q1RestatedAnnual report
「During the cumulative first quarter, there were no new business or other risks, nor any material changes to the business and other risks described in the securities report for the previous fiscal year. The company will continue to closely monitor the future situation regarding the impact of COVID-19 on its business.」
The company states that there were no new risks or material changes to existing risks and that it will continue to monitor the impact of COVID-19 on its business. - FY2021-Q3RestatedAnnual report
「During the nine-month period ended [the current third quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The company explains that there were no new business or other risks and no material changes to the risks described in the previous fiscal year. - FY2021-Q2Impact not confirmedAnnual report
「During the cumulative second quarter, business activities were conducted under the state of emergency issued on 7 January 2021. However, no impact was observed on self-storage usage trends or the environment for investment and development in self-storage facilities, and the company proceeded with each business in line with its initial plans and measures.」
Although business activities were conducted under a state of emergency, the company states that no impact was observed during the cumulative second quarter on self-storage usage trends or the environment for investment and development in facilities, and that it proceeded with its businesses in line with its initial plans and measures. - FY2021-Q1RestatedAnnual report
「During the cumulative first quarter, there were no new business or other risks, nor any material changes to the business and other risks described in the securities report for the previous fiscal year. The company will continue to closely monitor the future situation regarding the impact of COVID-19 on its business.」
The company states that there are no new risks or material changes to existing risks, while noting that it will continue to monitor the impact of COVID-19 on its business. - FY2020MaterialisedAnnual report
「Some construction projects took longer than expected, and land acquisition and facility sales activities stagnated for a certain period.」
The company states that the spread of COVID-19 actually resulted in prolonged construction and a temporary stagnation of land acquisition and facility sales activities. It also explains that no material impact attributable to the infection had emerged. - FY2020-Q3MaterialisedAnnual report
「From April through May, business activities were conducted under a state of emergency declared due to the spread of COVID-19, and facility development and sales operations in the turnkey solutions service stagnated for a certain period.」
The company states that the spread of COVID-19 caused facility development and sales operations in the turnkey solutions service to stagnate for a certain period. At the same time, it expects the impact on business activities at present to be limited. - FY2020-Q2First statedAnnual report
「If the spread of COVID-19 continues for an extended period, economic activity is expected to stagnate or deteriorate as a result of states of emergency and other measures declared by the Japanese government and local governments. In that event, the following business risks may arise. (1) The impact on the business solutions service is not yet clear, but risks may arise, including lower utilization of self-storage facilities due to a decline in the number of users and reduced rental income. (2) In the turnkey solutions service, risks may arise including a downturn in the real estate investment market and lower real estate prices due to reduced investor appetite and deterioration in the funding environment caused by financial contraction.」
Assuming that COVID-19 continues for an extended period, the company identifies as new risks the stagnation of economic activity caused by states of emergency and other measures, declines in self-storage users, utilization rates and rental income, deterioration in investment appetite and the funding environment, and stagnation and price declines in the real estate investment market. The company states that the impact on its business solutions service is not yet clear.