Business Continuity Risk from the Spread or Resurgence of COVID-19
First written in FY2020. 9 of 13 entries say "Restated". Latest entry: FY2026.
m-up holdings moved to the "Worse" side of this theme in 2026, 6 years after the typical company in this theme (2020).
The whole theme swung hardest in 2020: 119 of 169 companies on the "Worse" side.
18 other companies' latest entry also says "Reframed".
- FY2026ReframedAnnual report
「However, if concerts, events and other covered events are cancelled or postponed nationally or locally due to force majeure, such as an unexpected large-scale natural disaster, including an earthquake, typhoon or torrential rain, severe weather, an unforeseen terrorist attack, or a large-scale outbreak of a new infectious disease, transaction volume for electronic tickets and other products may temporarily decline, potentially causing a substantial drop in fee income.」
The scope of the discussion has been broadened from risks centred on the spread or recurrence of COVID-19 to the risk of event cancellations or postponements due to natural disasters, severe weather, terrorism and new infectious diseases. - FY2026-H1RestatedAnnual report
「During the interim consolidated accounting period, no new business or other risks arose. There were also no significant changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The disclosure states that there have been no new developments or material changes in the business continuity risks arising from the spread or recurrence of COVID-19. - FY2025-H1RestatedAnnual report
「During the interim consolidated accounting period, no new business or other risks arose. There were also no significant changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The disclosure states that there have been no new developments or material changes in the business continuity risks arising from the spread or recurrence of the pandemic. - FY2024ReframedAnnual report
「Accordingly, if these concerts and other events are cancelled or postponed due to an outbreak or epidemic, natural disaster, severe weather, terrorist attack or other event, the operating results, financial position and cash flows of the Group's electronic ticket business may be affected.」
The scope of the discussion has been broadened from business continuity risks centred on COVID-19 to external risks, including infectious diseases, natural disasters, severe weather and terrorist attacks, that could cause event cancellations or postponements. - FY2024-Q2RestatedAnnual report
「During the six months ended the second quarter, no new business or other risks arose. There were also no significant changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The disclosure states that there have been no material changes in the business continuity risks arising from the spread or recurrence of COVID-19. - FY2023RestatedAnnual report
「Within the Group's businesses, the electronic ticket business has been affected by ticket sales cancellations of live performances, concerts and other events, and the Group's other businesses may also be adversely affected by the impact of COVID-19 on the domestic economy and other factors.」
The disclosure continues to describe the impact of event cancellations and postponements due to the pandemic on the electronic ticket business, as well as the potential spillover effects on other businesses. - FY2023-Q3RestatedAnnual report
「During the nine months ended the third quarter, no new business or other risks arose. There were also no significant changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The disclosure states that there have been no material changes in the business continuity risks arising from the spread or recurrence of COVID-19. - FY2023-Q2RestatedAnnual report
「During the six months ended the second quarter, no new business or other risks arose. There were also no significant changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The disclosure states that there have been no material changes in the business continuity risks arising from the spread or recurrence of COVID-19. - FY2022RestatedAnnual report
「Within the Group's businesses, the electronic ticket business has been affected by ticket sales cancellations of live performances, concerts and other events, and the Group's other businesses may also be adversely affected by the impact of COVID-19 on the domestic economy and other factors.」
The disclosure continues to describe the impact of event cancellations and postponements due to the pandemic on the electronic ticket business, as well as the potential spillover effects on other businesses. - FY2022-Q1RestatedAnnual report
「Looking ahead, although vaccination is progressing and measures to prevent the spread of infection are expected to allow socioeconomic activity to be raised in stages and move toward a recovery, there are also concerns that COVID-19 could further weaken domestic and overseas economies, and conditions are expected to remain uncertain.」
While indicating expectations for vaccination and a gradual recovery in economic activity, the disclosure continues to cite downside risks to domestic and overseas economies from the pandemic and ongoing uncertainty. - FY2021-Q3WorsenedAnnual report
「During the nine-month period ended December 2020, Japan's economy remained in a severe situation as social and economic activity was restricted due to the impact of COVID-19. Although signs of recovery had emerged in some areas, including consumer sentiment and private consumption, supported by resilient employment conditions, that recovery has stalled and the outlook remains uncertain following the resurgence of infections and the resulting declaration of a state of emergency.」
The resurgence of the infectious disease and the state of emergency declaration have prolonged restrictions on socioeconomic activity and stalled the recovery, increasing uncertainty over the business continuity environment. - FY2021-Q2RestatedAnnual report
「Although a continued recovery is expected as the level of social and economic activity is gradually raised, concerns remain that the pandemic may pose a risk of further downside for domestic and overseas economies, and the severe situation is expected to continue.」
The continuing impact of the infectious disease, the downside risk to domestic and overseas economies and uncertainty over the outlook continue to be described. - FY2020First statedAnnual report
「Within the Group's businesses, the electronic ticketing business has been affected by ticket sales for live events, concerts and other events being cancelled, while the Group's other businesses may also be adversely affected by the impact of COVID-19 on the domestic economy and other factors. However, the scale of any future spread and the timing of its containment remain uncertain, making it difficult to predict the impact on operating results at this time.」
The impact on the electronic ticketing business has already emerged, and the potential spillover to other businesses and uncertainty over the scale and timing of containment of the infectious disease were described as new risks.