Declining Demand Across Multiple Businesses and Impact on Performance Due to the Spread of COVID-19
First written in FY2020. 4 of 9 entries say "Worsened", first in FY2021-Q1. Latest entry: FY2023.
ZIGExN moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
The whole theme swung hardest in 2020: 114 of 180 companies on the "Worse" side.
59 other companies' latest entry also says "Mitigated".
- FY2023MitigatedAnnual report
「During the consolidated fiscal year, customers' demand for advertising placements in existing businesses, including hair salons and real estate businesses, remained firm. In the travel sector, the recovery in the external environment led to strong growth in business performance.」
For travel demand, which had been affected following the spread of COVID-19, strong growth in business performance driven by the recovery in the external environment was reported, easing the risk of a decline in demand. - FY2023-Q2Continued delay in the recovery of the human resources businessAnnual report
「Hiring demand has yet to return to pre-pandemic levels, and the time required for job seekers to secure employment continues to lengthen.」
While overall business performance was recovering, the note stated that hiring demand in the human resources business had not returned to pre-pandemic levels and that the time required for job seekers to secure employment continued to lengthen. - FY2022Recovery alongside delayed impactAnnual report
「During the consolidated fiscal year, infections resurged due to new variants such as Omicron, delaying the recovery in business performance in the travel sector beyond expectations. Meanwhile, compared with the previous consolidated fiscal year, economic activity in the areas in which we operate was generally recovering, and customers' demand for advertising placements, particularly among hair salons and real estate businesses, has been recovering steadily.」
While the recovery of the travel business was delayed by Omicron, economic activity across our operating areas and customers' demand for advertising placements showed signs of recovery. - FY2022-Q3WorsenedAnnual report
「The recovery trend has recently slowed as new variants such as Omicron have emerged, accompanied by calls to refrain from going out.」
Regarding the impact of COVID-19, the note states that the recovery in travel demand seen after the lifting of the state of emergency slowed due to the emergence of new variants and calls to refrain from going out. - FY2022-Q2RestatedAnnual report
「At 株式会社アップルワールド, domestic travel demand on the user side showed a gradual recovery following the lifting of the state of emergency at the end of September, despite its reissuance and extension during the second quarter.」
While the impact of the spread of COVID-19 and the state of emergency on travel demand continues, a gradual recovery in domestic travel demand following the lifting of the declaration was also disclosed. No material changes were reported in business risks. - FY2022-Q1WorsenedAnnual report
「During the cumulative first-quarter period, the reissuance of the state of emergency and related restrictions on economic activity following the resurgence of COVID-19 resulted in some decline in corporate recruitment demand in “Vertical HR” and increased stay-at-home demand in “Living Tech.”」
The resurgence of infections and reissuance of the state of emergency continued to weigh on recruitment demand in Vertical HR, while Living Tech experienced changes in its demand structure associated with requests to refrain from going out. - FY2021-Q2WorsenedAnnual report
「During the cumulative second-quarter period, impairment losses were recorded on goodwill, intangible assets and property, plant and equipment at 株式会社アップルワールド, and on goodwill and other assets at 三光アド, due to lower profitability resulting from the impact of COVID-19 and other factors. If COVID-19 becomes more severe or prolonged, it could materially affect the Group’s business, financial position and operating results.」
The impact of the spread of COVID-19 extended to lower profitability and the recognition of impairment losses in the travel, paper media and other businesses, and the potential impact of further deterioration or prolongation was also explicitly stated. - FY2021-Q1WorsenedAnnual report
「During the cumulative first-quarter period, the spread of COVID-19 and the state of emergency declared from April 2020 caused short-term recruitment demand to decline in the human resources segment. In the automotive segment of the lifestyle business, activity by client companies and users slowed, particularly due to restrictions on economic activity overseas, resulting in a temporary decline in performance.」
The impact of COVID-19 identified at the end of the previous fiscal year continued into the first quarter, materializing as weaker recruitment demand in the human resources segment, slower activity by clients and users in the automotive segment, and a decline in performance. - FY2020MaterialisedAnnual report
「However, at 株式会社アップルワールド, which operates an overseas hotel booking system for domestic travel agencies, cancellations of existing bookings and a decline in new bookings occurred for both business and leisure travel due to the impact of travel restrictions in Japan and other countries from February 2020. In the other businesses as well, following the state of emergency declared in April 2020, short-term recruitment demand declined in the human resources segment, while activity by client companies and users slowed in the automotive segment of the lifestyle business, particularly due to restrictions on economic activity overseas, resulting in a temporary decline in performance.」
For the travel, human resources and automotive segments, declines in bookings, recruitment demand and activity by clients and users associated with the spread of COVID-19 and restrictions on travel and economic activity were disclosed separately as risks that had actually materialized.