Decline in travel demand due to terrorism, disasters and infectious diseases
First written in FY2016. 2 of 4 entries say "Materialised", first in FY2017-Q1. Latest entry: FY2018.
Vixton moved to the "Worse" side of this theme in 2016.
2 other companies' latest entry also says "Mitigated".
- FY2018MitigatedAnnual report
「On 29 March 2018, パス・トラベル株式会社 transferred all of its shares to ICHISHIN HOLDINGS CO.,LTD. and, on the same date, discontinued its travel business and was excluded from the scope of consolidation.」
Terrorism and similar events had previously affected the travel business through lower travel demand, but the group's direct exposure to travel demand has decreased because the travel business itself was sold and discontinued. - FY2017-Q3MaterialisedAnnual report
「During the nine-month cumulative period of the third quarter of the current consolidated fiscal year, revenue and profit continued to decline because overseas travel by major customers, including universities and corporations, remained lower. Revenue was ¥236.564 million, down ¥36.650 million year on year, and operating loss was ¥3.182 million, an increase of ¥5.730 million year on year.」
The decline in overseas travel against the backdrop of terrorism and similar events continues to appear as an actual decline in revenue and profit in the travel business. - FY2017-Q1MaterialisedAnnual report
「In the travel business, revenue was ¥73.781 million, down ¥15.302 million year on year, and operating loss was ¥1.006 million, down ¥1.432 million year on year, due to a decline in overseas travel resulting from the impact of terrorism.」
The company describes the actual impact of the previously disclosed risk of declining travel demand due to terrorism as a decline in overseas travel and travel business revenue during the quarter. - FY2016First statedAnnual report
「Changes in the global situation caused by acts such as war and terrorism, natural disasters such as earthquakes, or the occurrence and spread of infectious diseases in specific regions, such as Ebola, could lead to a decline in travel demand and affect business performance.」
For the travel business during the period, the company also disclosed a decline in business travel revenue to Europe due to overseas terrorism.