Impact of COVID-19 on the real estate sales, leasing and lodging businesses
First written in FY2020. 5 of 15 entries say "Worsened", first in FY2021-Q2. Latest entry: FY2024.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2024MitigatedAnnual report
「Social activity also returned to normal as restrictions on activities related to COVID-19 were lifted, and the Japanese economy as a whole was on a recovery trend.」
It explains that the end of restrictions on activities and the normalization of social activity reduced the constraints on the business environment previously caused by the disease. - FY2024-Q2MitigatedAnnual report
「During the cumulative second quarter (1 March 2023 to 31 August 2023), the Japanese economy was gradually returning to normal and beginning a moderate recovery as COVID-19 was reclassified as a Class 5 disease and other measures were implemented.」
It explains that social activity returned to normal as COVID-19 was reclassified as a Class 5 disease and other measures were implemented, reducing the constraints on the business environment previously caused by the disease. - FY2024-Q1MitigatedAnnual report
「During the cumulative first quarter (1 March 2023 to 31 May 2023), the Japanese economy was gradually returning to normal and beginning a moderate recovery as various restrictions related to COVID-19 began to be eased.」
It explains that social activity was gradually returning to normal as various restrictions related to COVID-19 were eased, reducing the constraints on the business environment previously caused by the disease. - FY2023Recovery from eased restrictions alongside continued external uncertaintyAnnual report
「During the fiscal year, the Japanese economy was showing signs of recovery toward the normalization of economic activity as vaccinations became more widespread and restrictions on activities were eased amid repeated waves of COVID-19 infections. Meanwhile, uncertainty over the outlook for the global economy was increasing, and it had become necessary to closely monitor factors such as the Bank of Japan's reduction of monetary easing.」
While indicating a recovery in economic activity due to the spread of vaccinations and the easing of restrictions on activities, it also noted the continued spread of infections, the reduction of monetary easing and uncertainty in the global economy. - FY2023-Q3Recovery from eased restrictions alongside continued external uncertaintyAnnual report
「During the cumulative third quarter, the Japanese economy was showing signs of recovery toward the normalization of economic activity as vaccinations became more widespread and restrictions on activities were gradually eased in response to the spread of COVID-19. Meanwhile, uncertainty over the outlook has increased because of the prolonged situation in Ukraine and the resulting surge in resource prices, as well as the rapid depreciation of the yen.」
While stating that economic activity was recovering toward normalization as vaccinations became more widespread and restrictions on activities were eased, it also noted increased uncertainty due to the prolonged situation in Ukraine, soaring resource prices and the rapid depreciation of the yen. - FY2023-Q2WorsenedAnnual report
「During the cumulative second quarter, the Japanese economy was gradually easing social restrictions and showing partial signs of recovery toward the normalization of economic activity as vaccinations progressed following the global spread of COVID-19. However, infections have recently increased sharply, reaching the highest number of cases on record. At the same time, uncertainty over the outlook has increased not only because of the resurgence of infections, but also because of the situation in Ukraine and the resulting surge in resource prices, as well as financial instability.」
It explains that, while social restrictions were eased and economic activity partially recovered, uncertainty increased because of the sharp rise in infections, the resurgence of the disease, the situation in Ukraine, soaring resource prices and financial instability. - FY2023-Q1Easing of pandemic-related restrictions alongside new external uncertaintiesAnnual report
「During the first quarter cumulative period, Japan's economy was gradually easing social restrictions as vaccination progressed following the worldwide spread of COVID-19, and was showing signs of a partial recovery. Meanwhile, uncertainty about the outlook increased due not only to the renewed spread of infections, but also to the situation in Ukraine, the resulting surge in resource prices and financial instability.」
It states that social restrictions were gradually eased as vaccinations progressed, while also noting increased uncertainty due to a resurgence of infections, the situation in Ukraine, soaring resource prices and financial instability. - FY2022-Q3Easing of restrictions and economic recovery alongside concerns over renewed spreadAnnual report
「During the cumulative third quarter, the Japanese economy was gradually showing signs of recovery in economic activity as declarations of a state of emergency related to the spread of COVID-19 were lifted and phased easing measures were implemented. A third round of vaccinations was also decided, and while the disease was expected to subside, the possibility of the spread of variants made the outlook difficult to predict.」
While stating that economic activity was showing signs of recovery following the lifting of declarations of a state of emergency and phased easing measures, it also indicated the possibility that variants could spread even after vaccinations and noted uncertainty over the outlook. - FY2022-Q2Continued infectious-disease restrictions and acceleration of vaccinationsAnnual report
「During the cumulative second quarter, the Japanese economy remained subject to anxiety caused by restrictions and disruption in social and economic activity as declarations of a state of emergency and measures to prevent the spread of disease continued to be issued in various regions in response to the spread of COVID-19. Meanwhile, vaccinations were entering full swing nationwide, and the situation was such that the disease was expected to subside.」
While social and economic restrictions and anxiety caused by declarations of a state of emergency and measures to prevent the spread of disease continued, vaccinations entered full swing nationwide, and expectations for the disease to subside were also expressed. - FY2022-Q1WorsenedAnnual report
「During the cumulative first quarter, the Japanese economy remained affected by disruption and uncertainty in political and economic activity caused by the spread of variants, even as vaccinations began against COVID-19, whose global spread was becoming prolonged and more severe.」
It explains that, while vaccinations had begun, disruption and uncertainty caused by the prolonged and worsening global spread of the infectious disease and the spread of variants continued. - FY2021WorsenedAnnual report
「The Japanese economy during the fiscal year remained deteriorated as the global spread of COVID-19 became prolonged and more serious. Although various policies aimed at balancing infection-control measures with economic activity raised hopes of a temporary recovery after the state of emergency was declared in April 2020, infections spread in a second and third wave. As a result, a second state of emergency was declared and subsequently extended, and social and economic disruption continued.」
The impact on and uncertainty surrounding the business environment continued and expanded as the infectious disease became prolonged and more severe, with second and third waves, a second declaration of a state of emergency and its extension. - FY2021-Q3WorsenedAnnual report
「During the cumulative third quarter, the prolonged spread of COVID-19 meant that restrictions on social and economic activity continued and the outlook remained uncertain.」
The spread of COVID-19 and restrictions on social and economic activity continued into the third quarter, with the business environment still affected by factors including a third wave of infections, the declaration of a state of emergency, lower occupancy at short-term rental accommodation facilities and fluctuations in hotel demand. - FY2021-Q2WorsenedAnnual report
「During the cumulative second quarter, the Japanese economy deteriorated rapidly and significantly as the global spread of COVID-19 led to restrictions on social and economic activity both in Japan and overseas. Although economic activity began to resume gradually after the full lifting of the state of emergency on 25 May, the daily number of new infections remained above a certain level and the situation continued to warrant caution.」
Restrictions on social and economic activity and the continuing spread of COVID-19 persisted into the second quarter, worsening the business environment through voluntary suspension of operations, restrictions on movement, investor caution and declining demand for central Tokyo rental properties. - FY2021-Q1MaterialisedAnnual report
「During the cumulative first quarter, the Japanese economy deteriorated rapidly and significantly and remained in an extremely severe situation as the global spread of COVID-19 led to restrictions on social and economic activity both in Japan and overseas.」
Restrictions on social and economic activity resulting from COVID-19 became a reality, affecting results through investor caution and factors including a 10.7% decline in revenue and an operating loss of ¥85.362 million. - FY2020First statedAnnual report
「However, the global spread of the novel coronavirus remains difficult to predict when it will subside, requiring close monitoring, and the business environment may change significantly depending on when the outbreak subsides. In addition, the Company’s short-term rental accommodation facilities are currently affected by the spread of the novel coronavirus.」
The Company identifies COVID-19 as a new risk that could affect real estate investment sentiment, lending by financial institutions, rents, accommodation occupancy, the acquisition of permits and licenses, and employee attendance at work. It also explains that its short-term rental accommodation facilities have already been affected.