Business Impact of the COVID-19 Pandemic
First written in FY2020-Q2. 1 of 7 entries say "Materialised", first in FY2020-Q2. Latest entry: FY2022.
0 other companies' latest entry also says "Other".
- FY2022Limited Domestic Impact and Updated Recovery Timing for the Greater China BusinessAnnual report
「Regarding the impact of COVID-19, stagnation in sales activities in the real estate platform business for investors in Greater China has continued as cross-border transactions have become more difficult. However, a gradual recovery is expected from the fiscal year ending October 2023 onward, while the impact on the Group’s business performance is considered limited because the Company took early measures in its other businesses, which are currently almost unaffected.」
While the impact on the domestic business has been almost entirely resolved, stagnation in sales activities in the business serving Greater China investors has continued, and the disclosure was updated to indicate a gradual recovery from the fiscal year ending October 2023 onward. - FY2021Domestic impact largely resolved; stagnation in Greater China transactions continuesAnnual report
「In the real estate platform business for investors in Greater China, stagnation in sales activities due to the increasing difficulty of cross-border transactions has continued. Although some impact is expected to remain in the next consolidated fiscal year, a gradual recovery is expected from fiscal 2023 onward, and the Company believes the impact on the Group’s business performance will be limited.」
While the impact of COVID-19 on domestic sales activities and other areas has been almost entirely absent, the stagnation of cross-border transactions in Greater China has continued, with a recovery expected from fiscal 2023 onward. - FY2021-Q3Market recovery progresses amid continued spread of COVID-19Annual report
「In the real estate market, completed transactions involving existing condominiums in the Tokyo metropolitan area continued to decline year on year from March 2020 due to the spread of COVID-19. However, signs of improvement emerged, with transactions up 11.8%, 12.2% and 55.4% year on year in the October–December 2020, January–March 2021 and April–June 2021 quarters, respectively.」
While COVID-19 and uncertainty over the economic outlook continued, the pre-owned condominium market in the Tokyo metropolitan area recorded year-on-year growth for the third consecutive quarter, providing further numerical evidence of a recovery. - FY2021-Q1Market recovery amid continued spread of COVID-19Annual report
「However, economic prospects in Japan and overseas remain uncertain as COVID-19 continues to spread, including the announcement of a second state of emergency in January 2021. In the real estate market, completed transactions for pre-owned condominiums in the Tokyo metropolitan area had continued to trend below the previous year since March 2020 due to the spread of COVID-19, but showed signs of improvement, rising 11.8% year on year in the October-December quarter of 2020.」
While economic uncertainty continued due to the spread of COVID-19 and the second state of emergency declared in January 2021, completed transactions for pre-owned condominiums in the Tokyo metropolitan area rose 11.8% year on year in the October-December quarter of 2020, providing numerical evidence of a market recovery. - FY2020Impact continues, but signs of market improvement are emergingAnnual report
「From March 2020 onward, completed transactions involving existing condominiums in the Tokyo metropolitan area continued to decline year on year due to the spread of COVID-19, including a sharp 33.6% year-on-year drop in the April–June 2020 quarter. However, signs of improvement emerged, with transactions turning higher year on year in August and October.」
The market impact of COVID-19 continues, but signs of improvement have emerged, from a 33.6% year-on-year decline in the April-June quarter to year-on-year increases in August and October. - FY2020-Q3WorsenedAnnual report
「However, from March 2020 onward, the spread of COVID-19 continued to weigh on the market. Completed transactions involving existing condominiums in the Tokyo metropolitan area fell 33.6% year on year in the April–June 2020 quarter, following a similar decline in the cumulative consolidated second-quarter period, and continued to decline year on year for 5 consecutive months.」
The Company disclosed that the market impact of COVID-19 continued from the second quarter, with completed transactions for pre-owned condominiums in the Tokyo metropolitan area down 33.6% year on year in the April-June quarter and declining for the fifth consecutive month. - FY2020-Q2MaterialisedAnnual report
「The spread of COVID-19 affected sales activities through reduced operating capacity at financial institutions, reduced the number of properties available for brokerage due to stagnant operations at property management companies, and lowered the use of electronic applications due to the slowdown in the brokerage industry. However, the Company has focused on promoting DX in anticipation of long-term changes in the industry, including the early establishment of a non-face-to-face sales structure, strengthening its owned media, and shifting the rental industry toward DX, and the impact on business performance has been limited. In April 2020, the number of completed transactions fell sharply, down 52.6% year on year.」
The Company disclosed the actual impact of COVID-19 on sales activities, property supply, and use of electronic applications, as well as a 52.6% year-on-year decline in completed transactions for pre-owned condominiums in the Tokyo metropolitan area. At the same time, it explained that the impact on business performance was limited as a result of promoting DX.