Impact of the COVID-19 pandemic on payment demand and overseas business
First written in FY2020-Q2. 5 of 10 entries say "Restated". Latest entry: FY2024-Q2.
1 other company's latest entry also says "Restated".
- FY2024-Q2RestatedAnnual report
「In the retail sector, daily necessities, food and beverages, and other products grew, but small businesses continued to be negatively affected by the shift to face-to-face consumption.」
Some products in the retail sector grew, while small businesses continued to be negatively affected by the shift to face-to-face consumption. - FY2023-Q3Recovery from economic normalization coexisted with an impact on small businessesAnnual report
「Economic activity normalized after COVID-19 was downgraded in May to the same classification as seasonal influenza, increasing opportunities to go out and particularly driving growth in travel and ticket payments in non-retail businesses. In the retail sector, some merchants, including large businesses, showed signs of recovery, but small businesses continued to be negatively affected by the reversal of demand for home-based consumption and the shift to face-to-face consumption.」
The company explained that travel and ticketing businesses and some large businesses recovered as economic activity normalized, while small businesses continued to be negatively affected by the reversal of demand for home-based consumption and the shift to face-to-face consumption. - FY2023-Q1Divergent impacts and partial recoveryAnnual report
「As opportunities to go out increased with the easing of the spread of COVID-19, payments for travel and tickets grew, while some merchants in the retail sector, which had been affected by the reversal of demand for home-based consumption, showed signs of recovery. However, small businesses continued to be negatively affected.」
The company explained that travel and ticketing businesses and some retail merchants recovered as the spread of COVID-19 eased, while small businesses continued to be negatively affected. - FY2022-Q2RestatedAnnual report
「The impact of the spread of COVID-19 during the first half of the fiscal year remained limited, as in the previous consolidated fiscal year.」
The impact of COVID-19 was described as remaining limited, as in the previous consolidated fiscal year, while business performed well against a backdrop of expanding cashless and online payments. - FY2022-Q1RestatedAnnual report
「The impact of the spread of COVID-19 during the first quarter of the fiscal year remained limited, as in the previous consolidated fiscal year.」
The impact of COVID-19 was described as remaining limited, as in the previous consolidated fiscal year, while business performed well against a backdrop of expanding cashless and online payments. - FY2021-Q3RestatedAnnual report
「The impact of the spread of COVID-19 during the first nine months of the fiscal year remained limited, as in the first half.」
The impact of COVID-19 was described as remaining limited, as in the first half, while overall performance was strong against a backdrop of expanding cashless payments. - FY2021-Q2RestatedAnnual report
「The impact of the spread of COVID-19 during the first half of the fiscal year remained limited, as in the first quarter.」
The impact of COVID-19 was described as remaining limited, as in the first quarter, while overall performance was strong against a backdrop of expanding cashless payments. - FY2021-Q1MitigatedAnnual report
「The impact of the spread of COVID-19 remained limited, and overall performance was strong, supported by the recovery in transaction volume at certain merchants and the expansion of cashless payments.」
Although COVID-19 continued to affect some businesses, its impact was limited during the quarter. Overall performance was strong, supported by the recovery in transaction volume at certain merchants and the expansion of cashless payments. - FY2020-Q3MaterialisedAnnual report
「The spread of COVID-19 continued to affect the company’s performance during the first nine months of the fiscal year. In particular, during the state of emergency declared by the Japanese government from 7 April to 25 May 2020, restrictions on going out discouraged face-to-face consumption, while online payments performed well as demand for home-based consumption increased.」
The impact of COVID-19 continued through the first nine months, with declining face-to-face consumption coexisting with growth in online payments and demand for home-based consumption. - FY2020-Q2MaterialisedAnnual report
「The spread of COVID-19 has had a significant impact, particularly on certain businesses with high average transaction values per payment, such as travel and ticketing.」
While the company stated in the Business Risks section that there were no new risks, its analysis of operating results specifically noted for the first time that the spread of COVID-19 had actually affected certain merchants in the travel and ticketing sectors. Overall payment processing volume increased 35.4% year on year, driven by growth in low-value transactions, daily necessities and digital content.