Risk of Delays to Video Production Processes and Delivery Due to the Spread of COVID-19
First written in FY2020-Q3. 1 of 4 entries say "Worsened", first in FY2021-Q2. Latest entry: FY2023.
IG Port moved to the "Worse" side of this theme in 2021.
1 other company's latest entry also says "Reframed".
- FY2023ReframedAnnual report
「The spread of infectious diseases or natural disasters may cause delays in every stage of video production, including pre-production, production and post-production, depending on infections among or disaster-related impacts on employees, creators and employees of domestic and overseas business partners. If delays in video production prevent deliveries from meeting their deadlines, the group's operating results and other matters could be affected.」
The explanation of the previous risk of delays in production processes and delivery deadlines, centered on COVID-19, has been expanded to include infectious diseases generally as well as the impact of natural disasters. - FY2021RestatedAnnual report
「The spread of the infectious disease COVID-19 may cause delays in every stage of video production, including pre-production, production and post-production, if employees, creators or employees of domestic or overseas business partners work from home or become infected. If delays in video production prevent deliveries from meeting their deadlines, the group's operating results and other matters could be affected.」
The risk of delays in all video production processes and missed delivery deadlines due to remote work and infections associated with COVID-19 continues to be disclosed. - FY2021-Q2WorsenedAnnual report
「Assuming that the effects of the spread of COVID-19 will continue for a certain period through the end of the fiscal year ending May 2021, we have made accounting estimates, including the provision for loss on orders. The group makes accounting estimates based on information available when preparing the quarterly consolidated financial statements. However, the impact of COVID-19 on economic activity is highly uncertain, and changes in the above assumption could affect the group's financial position and operating results for the current consolidated fiscal year.」
The assumption was changed to reflect that the effects of the infectious disease outbreak would continue for a certain period through the end of the fiscal year ending May 2021, and this was reflected in estimates including the provision for loss on orders. It was also stated that the high uncertainty surrounding the impact means changes in the assumption could affect the financial position and operating results. - FY2020-Q3First statedAnnual report
「The spread of the infectious disease COVID-19 may cause delays in every stage of video production, including pre-production, production and post-production, if employees, creators or employees of business partners work from home or become infected. Some animation production, such as in-between animation, may also be outsourced overseas, including to China, and infections among employees of those companies could delay operations. If delays in video production prevent deliveries from meeting their deadlines, the group's operating results and other matters could be affected.」
The spread of COVID-19 is newly identified as a risk that could affect operating results by delaying all stages of video production and delivery deadlines through remote work or infections among employees inside and outside the company and infections at Chinese outsourcing partners.