Impact of COVID-19 on Business Demand and Performance
First written in FY2020-Q2. 8 of 15 entries say "Mitigated", first in FY2020. Latest entry: FY2024.
The whole theme swung hardest in 2020: 112 of 175 companies on the "Worse" side.
55 other companies' latest entry also says "Dropped".
- FY2024DroppedAnnual report
「In the visualization business, demand for the real estate images provided by the group has been recovering as economic activity returns to normal.」
The specific business impact of COVID-19 previously described has been removed from the risk disclosures in this filing, which instead describe the normalization of economic activity and the recovery in demand. - FY2024-Q2RestatedAnnual report
「In the visualization business, demand for the real estate images provided by the group has been recovering as economic activity returns to normal. In addition, the group is expanding the scale of its business by developing and producing virtual shops using VR technology as a sales tool for use without face-to-face contact.」
The company continues to pursue the recovery in demand for real estate images as economic activity returns to normal and the development of virtual shops using VR technology. - FY2024-Q1MitigatedAnnual report
「In the visualization business, demand for the real estate images provided by the group has been recovering as economic activity returns to normal. In addition, the group is expanding the scale of its business by developing and producing virtual shops using VR technology as a sales tool for use without face-to-face contact.」
The company states that demand for real estate images is recovering as economic activity returns to normal. - FY2023MitigatedAnnual report
「In the visualization business, the display industry, which commissions the production of graphic data, has shown signs of recovery in its market environment as restrictions on economic activity have been eased.」
The company states that the market environment for the visualization business is showing signs of recovery as restrictions on economic activity are eased. It does not state that the impact of the infectious disease has disappeared completely. - FY2023-Q2RestatedAnnual report
「In the visualization business, demand for the real estate images provided by the group has been recovering as restrictions on economic activity imposed in response to COVID-19 have gradually been eased. In addition, the group is expanding the scale of its business by developing and producing virtual shops using VR technology as a sales tool for use without face-to-face contact.」
Although the impact of the infectious disease remains, the company continues to pursue demand recovery against a backdrop of eased restrictions on economic activity and the development of virtual shops using VR technology. - FY2023-Q1RestatedAnnual report
「In the visualization business, demand for the real estate images provided by the group has been recovering as restrictions on economic activity imposed in response to COVID-19 have gradually been eased.」
The company continues to explain that, although the impact of the infectious disease remains, demand in the visualization business is recovering as restrictions on economic activity are eased. - FY2022MitigatedAnnual report
「In the visualization business, demand for the real estate images provided by the group has been recovering as restrictions on economic activity imposed in response to COVID-19 have gradually been eased.」
The company continues to explain that demand for real estate images in the visualization business is recovering against a backdrop of eased restrictions on economic activity. - FY2022-Q3MitigatedAnnual report
「In the visualization business, demand for the real estate images provided by the group has been recovering as restrictions on economic activity imposed in response to COVID-19 have gradually been eased.」
Although the impact of the infectious disease remains, demand in the visualization business is recovering as restrictions on economic activity are eased. - FY2022-Q1MitigatedAnnual report
「In the visualization business, demand has been recovering as the economy has improved with the rollout of vaccinations and the easing of restrictions on activity.」
Although the impact of the infectious disease remains to a certain extent, demand in the visualization business has begun to recover against a backdrop of vaccinations and the easing of restrictions on activity. - FY2021-Q3MitigatedAnnual report
「In the visualization business, the spread of COVID-19 since February 2020 caused real estate development by accommodation and commercial facilities to stagnate and reduced demand for the real estate images provided by the group. However, demand has been recovering as vaccinations began and economic activity gradually resumed, although the business continues to be affected to a certain extent.」
The visualization business continues to be affected to a certain extent by the infectious disease, but demand is recovering against a backdrop of vaccinations and the resumption of economic activity. - FY2021-Q2MitigatedAnnual report
「Although a state of emergency was declared again in January 2021, its impact was limited compared with the first declaration. The state of emergency was lifted in March 2021, and the start of vaccinations offered signs of progress toward containing the spread, but the company continued to be affected to a certain extent.」
The impact of the second state of emergency is described as more limited than that of the first, while the lifting of the declaration and the start of vaccinations are cited as signs of recovery. A certain degree of impact nevertheless continues. - FY2021-Q1RestatedAnnual report
「A second state of emergency was declared in January 2021, but after comprehensively considering conditions at the time, the company determined that the impact on its group was limited compared with the first state of emergency.」
While recognizing the renewed spread of COVID-19 and the second state of emergency, the company determined that the impact on the group at that time was more limited than during the first state of emergency. The outlook for containing the infectious disease remains uncertain. - FY2020MitigatedAnnual report
「As COVID-19 spread, orders temporarily declined, particularly from April through June of the current year, but have been recovering since July of the current year.」
Although orders declined in the visualization and other businesses, demand and orders have been recovering since July 2020. The infectious disease risk itself remains. - FY2020-Q3MaterialisedAnnual report
「In the visualization business, demand for real estate completion images using 3DCG technology was on an expanding trend from the previous year through January of the current year. However, from February onward, the spread of COVID-19 caused real estate development by accommodation and commercial facilities to stagnate, and demand for the real estate images provided by the group has declined in the short term.」
The concern about the impact on demand described in the previous quarter materialized as stagnation in real estate development by accommodation and commercial facilities and a decline in demand for real estate images. - FY2020-Q2First statedAnnual report
「In the visualization business, from the previous year through January of the current year, demand for real estate completion images using the group's 3DCG technology was on an expanding trend, against a backdrop of growing momentum for renovating and utilizing accommodation and commercial facilities as the number of foreign tourists increased. However, from February onward, accommodation and commercial facilities, which are the group's main customers, have also suffered economic damage from the spread of COVID-19, creating a situation that could affect future demand trends.」
The spread of COVID-19 is described as having caused a downturn in consumer activity and capital investment and affecting demand in the visualization business, whose main customers are accommodation and commercial facilities. Although the business risks section states that there are no new risks or material changes, the main text says that the company will monitor the impact of the spread and take appropriate measures.