Decline in Demand and Deterioration in Financial Condition Caused by COVID-19
First written in FY2020. 6 of 8 entries say "Materialised", first in FY2021-Q1. Latest entry: FY2024-Q2.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2024-Q2MaterialisedAnnual report
「Deteriorating profitability at overseas subsidiaries due to delays in new orders for testing and other factors resulting from the prolonged impact of COVID-19 in the United States.」
The prolonged COVID-19 pandemic delayed new test orders in the United States and deteriorated the profitability of overseas subsidiaries. - FY2023-Q3MaterialisedAnnual report
「Meanwhile, in the global and other services businesses, as the outlook for the Asian game market, including China, became increasingly uncertain because of the spread of COVID-19 and other factors, the Group steadily acquired new projects for game translation and LQA by strengthening collaboration across the Group.」
The Company stated that uncertainty over the outlook for the Asian game market, including China, due to the spread of COVID-19 and other factors affected global services. Meanwhile, it won new projects for translation, LQA and other services. - FY2023-Q2MaterialisedAnnual report
「Although global and other services were partly affected by the Shanghai lockdown, we strengthened group collaboration and reliably captured growing demand for translation, LQA and marketing support as the overseas expansion of content accelerated.」
Regarding demand risks related to COVID-19, an actual partial impact on global and other services occurred due to the lockdown in Shanghai. - FY2021MitigatedAnnual report
「At present, although our results were partly affected by COVID-19 during the first half of the current fiscal year, we recognize that the impact recovered from the second half onward and that there will be no significant impact going forward.」
Although the infectious disease caused some impact on demand in the first half, demand recovered from the second half onward, and the Company stated that it recognized no significant impact on future results as of the filing date. - FY2021-Q3MaterialisedAnnual report
「However, due to changes in customers’ development schedules associated with the spread of COVID-19 and difficult market conditions for amusement equipment, revenue from debugging services for the nine months ended the third quarter decreased 9.6% year on year to ¥9,633.430 million.」
The impact of changes to development schedules at customer companies and other factors associated with infectious diseases continued to cause debugging services revenue to decline 9.6% year on year. - FY2021-Q2MaterialisedAnnual report
「However, as the spread of COVID-19 affected client companies, some title development was delayed or postponed. As a result, revenue from debugging services for the six months ended 30 September was ¥6,258.283 million, down 9.6% year on year.」
The delay and postponement of title development at customer companies due to infectious diseases actually resulted in debugging demand and revenue declining 9.6% year on year. - FY2021-Q1MaterialisedAnnual report
「These initiatives proved effective. Although the entertainment business experienced a temporary decline in demand due to some delays and postponements in software development at customer companies, the enterprise business steadily won projects for system testing and security services, where demand was expanding.」
Demand for debugging and other entertainment business services actually declined temporarily due to delays and postponements in software development at customer companies. Meanwhile, the Company made progress in winning system testing and security projects. - FY2020First statedAnnual report
「If software development at customer companies is temporarily suspended or postponed due to increased remote work and other factors, revenue from our core services, debugging and system testing, could deteriorate.」
The potential deterioration in debugging and system testing revenue and financial condition through the suspension or postponement of development caused by the expansion of remote work was newly disclosed.