Impact on Business and Earnings from the Spread of the Novel Coronavirus
First written in FY2020. 4 of 9 entries say "Mitigated", first in FY2022. Latest entry: FY2024-Q1.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2024-Q1MitigatedAnnual report
「Meanwhile, the movement of people, including inbound and domestic and international tourism, has recovered, and economic activity is entering the post-COVID era.」
The company describes a situation in which human mobility and economic activity are recovering following the spread of the novel coronavirus and entering the post-COVID stage. - FY2023-Q3MitigatedAnnual report
「Meanwhile, as the novel coronavirus situation shows signs of settling, human mobility is recovering and economic activity is steadily moving toward the post-COVID era.」
The company describes the novel coronavirus situation as showing some signs of settling, with human mobility recovering and economic activity progressing toward the post-COVID era. - FY2023-Q2MitigatedAnnual report
「Meanwhile, as the novel coronavirus situation begins to settle both in Japan and overseas, the recovery of human mobility is expected, and economic activity is also expected to become more active.」
The company describes a changing environment in which the novel coronavirus situation is settling and human mobility and economic activity are expected to recover. - FY2022MitigatedAnnual report
「While development and operations-based revenue declined, signs emerged that data and services for the new non-entertainment field were beginning to expand.」
In contrast to the delays in the non-entertainment field reported for the previous fiscal year, the company states that signs of expansion in data services for that field emerged during the current fiscal year. - FY2021RestatedAnnual report
「While the core entertainment business's data and services performed well, progress in data and services for the new non-entertainment field was delayed.」
The company describes the entertainment field as progressing smoothly while continuing to report delays in data services for non-entertainment fields. - FY2021-Q3RestatedAnnual report
「Although we are relatively less susceptible to the direct impact of the novel coronavirus as an IT company, developing new businesses remains difficult, as in the second quarter. Our existing core entertainment technology business is progressing smoothly, supported by growing demand for internet distribution of music and video, while acquiring new customers in non-entertainment fields for applications of our proprietary sensory metadata, including beauty, fashion, travel, food and beverages, is taking longer than initially expected.」
The company continues to report that developing new businesses, particularly acquiring new customers in non-entertainment fields, is taking time. Meanwhile, it describes the existing entertainment technology field as progressing smoothly. - FY2021-Q2WorsenedAnnual report
「As an IT company, we are less susceptible than companies in other industries to the direct impact of the novel coronavirus. However, developing new businesses, including conducting sales online, continues to present some difficult situations. Specifically, while our existing core entertainment technology business is progressing smoothly, acquiring new customers in the new non-entertainment field is taking longer than initially expected.」
The company reports that difficulties with online sales continue under the impact of the novel coronavirus and that acquiring new customers in non-entertainment fields is taking longer than initially expected. It describes the existing entertainment technology field as progressing smoothly. - FY2021-Q1MaterialisedAnnual report
「As an IT company, we are in a position that makes us relatively less susceptible to the direct impact of the novel coronavirus. However, developing new businesses, including conducting sales online, has presented some difficult situations, and although the impact is currently minor, further measures may be required going forward.」
Although the company states that it is relatively less susceptible to the direct impact of the novel coronavirus, it reports that difficulties with online sales in developing new businesses have arisen. It describes the impact as minor at this time. - FY2020First statedAnnual report
「The social and economic effects that the spread of the novel coronavirus, which became apparent at the end of the fiscal year, will have going forward remain unknown at this time.」
The impact on the entertainment technology business is described as limited or potentially positive, while the sensory marketing business for beauty, fashion, travel, beverage and food manufacturers, and media may be affected directly in the short term. Temporary deterioration in the income-expense balance due to delays in operating activities and worsening economic conditions is also cited.