Decline in Customer Visits and Coin-Operated Parking Lot Utilization Due to COVID-19
First written in FY2020-Q2. 7 of 13 entries say "Mitigated", first in FY2020. Latest entry: FY2024-Q1.
1 other company's latest entry also says "Mitigated".
- FY2024-Q1MitigatedAnnual report
「During the cumulative first-quarter consolidated period, social activity moved toward normalization and the Japanese economy showed signs of a gradual recovery as restrictions related to COVID-19 were eased.」
The disclosure states that social activity moved toward normalization as restrictions related to COVID-19 were eased, indicating that the environment of lower store visits and occupancy caused by previous activity restrictions was easing. - FY2023RestatedAnnual report
「The Group recognizes that the impact of COVID-19 on the Group was minor. However, if infections spread again due to the emergence of a new variant, it could have a material impact on the Group's business and performance.」
While the impact of the infectious disease is considered minor, the potential impact of another spread caused by a new variant continues to be disclosed. - FY2023-Q3MitigatedAnnual report
「As COVID-19 was downgraded to a Category 5 infectious disease, various restrictions were eased and social activity moved toward normalization, while」
The disclosure described social activity moving toward normalization as COVID-19 was reclassified as a Category 5 infectious disease and various restrictions were eased. - FY2023-Q2MitigatedAnnual report
「The coin-operated parking business had 1,306 operating spaces, and occupancy recovered as restrictions on activities were eased, resulting in performance substantially exceeding the previous year's results.」
Coin-operated parking occupancy recovered as restrictions on activities were eased, and the business's performance substantially exceeded the previous year. - FY2022MitigatedAnnual report
「The Group recognizes that the impact of COVID-19 on the Group was minor. However, if the situation persists for an extended period and infections spread explosively, it could have a material impact on the Group's business and performance.」
Although the impact of the infectious disease on the business is considered minor, the potential impact if it persists or spreads explosively continues to be disclosed. - FY2022-Q3MitigatedAnnual report
「Although COVID-19 has shown signs of settling to some extent as a result of measures including vaccinations, the situation requires increased vigilance to prevent infections from spreading again.」
The Group explained that the infectious disease had shown signs of settling to some extent due to vaccinations and other measures, while maintaining its view that vigilance is needed to prevent another resurgence. - FY2022-Q2WorsenedAnnual report
「During the cumulative second-quarter consolidated period, the Japanese economy remained in a difficult situation as infections spread again due to a new COVID-19 variant and priority preventive measures were imposed to prevent the spread of the disease.」
The external environment risk related to the infectious disease strengthened again as infections spread anew due to a new variant and priority preventive measures were imposed. Rental brokerage also fell slightly below plan due in part to the dispersion of companies' personnel-transfer periods. - FY2021-Q3MitigatedAnnual report
「The coin-operated parking business continues to be affected by COVID-19, but is gradually recovering. Accordingly, the decline in revenue and profit in the business is minor relative to the consolidated earnings forecast for the fiscal year ending September 2021.」
Although the coin-operated parking business continues to be affected by the infectious disease, it is gradually recovering, and the decline in revenue and profit is minor relative to the consolidated earnings forecast. The impact shifted toward a reduction from the deterioration in occupancy caused by the state of emergency in the previous quarter. - FY2021-Q2WorsenedAnnual report
「The coin-operated parking business, which has been particularly affected by COVID-19 within the Group, saw occupancy deteriorate in Ibaraki Prefecture, its main area, after the prefecture issued its own state of emergency from 18 January 2021 to 23 February 2021, requesting that residents refrain from nonessential outings and asking restaurants to shorten their operating hours. Occupancy has been recovering since the declaration was lifted, but it may decline again depending on the future spread of infections. The decline in revenue and profit in the coin-operated parking business is minor relative to the consolidated earnings forecast for the fiscal year ending September 2021.」
The deterioration in coin-operated parking occupancy occurred as a result of Ibaraki Prefecture's own state of emergency declaration. Occupancy has been recovering since the declaration was lifted, but the possibility of another decline due to the spread of infections remains. - FY2021-Q1WorsenedAnnual report
「Regarding the impact of COVID-19 on performance, the consolidated earnings forecast announced on 12 November 2020 assumed that the spread of the virus would gradually subside during the fiscal year ending September 2021. However, the recovery in coin-operated parking occupancy has slowed due to the impact of the third wave, and revenue and profit in the coin-operated parking business are below forecast. The other businesses are progressing as forecast, however, and the decline in revenue and profit in the coin-operated parking business is currently minor relative to the overall business.」
The third wave slowed the recovery in coin-operated parking occupancy, causing revenue and profit in the business to fall below forecast. However, the other businesses are progressing as forecast, and the overall impact is currently considered minor. - FY2020MitigatedAnnual report
「The Group recognizes that the impact of COVID-19 on the Group was minor.」
Although there was a temporary impact on store visits and coin-operated parking occupancy, the Group explained that the full-year impact of the infectious disease on its business was minor and that demand for rental properties and inquiries for brokerage services were recovering. - FY2020-Q3MaterialisedAnnual report
「During the cumulative third-quarter consolidated period, COVID-19 reduced revenue from the brokerage business as store visits declined, apparently due to requests to refrain from going out, and reduced coin-operated parking revenue as occupancy declined. However, store visits, which were approximately 23% below the previous year in May, recovered to approximately 14% below the previous year in June, and are expected to recover gradually going forward.」
The impact of COVID-19 identified as a concern in the previous quarter materialized as an actual decline in revenue due to fewer store visits and lower coin-operated parking occupancy. Meanwhile, store visits recovered from approximately 23% below the previous year in May to approximately 14% below the previous year in June. - FY2020-Q2First statedAnnual report
「The impact of COVID-19 on business performance was minor during the cumulative second-quarter consolidated period. However, since April, when the situation worsened, concerns have emerged, including lower coin-operated parking occupancy and fewer store visits due to restrictions on going out and travel. At present, however, the resulting decline in revenue and profit is considered minor relative to the overall business.」
Although the impact of COVID-19 on performance during the cumulative period was considered minor, the decline in coin-operated parking occupancy and store visits resulting from restrictions on going out and travel since April was identified as a new concern.