Impact of COVID-19 on Business Activities and Profitability
First written in FY2020. 3 of 10 entries say "Materialised", first in FY2020. Latest entry: FY2023-Q2.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2023-Q2RestatedAnnual report
「During the cumulative second quarter of the fiscal year, resource and energy prices continued to rise and overall prices continued to increase amid various concerns about the global situation. In Japan, concerns about yen depreciation and another increase in new COVID-19 infections meant that social conditions remained uncertain.」
The Company continued to recognise uncertainty in social and business conditions resulting from soaring resource and energy prices, higher prices, yen depreciation and another increase in COVID-19 infections. - FY2023-Q1Infections rising again and social conditions uncertainAnnual report
「During the cumulative first quarter of the fiscal year, social conditions remained highly uncertain as resource and energy prices and overall prices rose amid various concerns about the global situation, while the number of new COVID-19 infections in Japan was rising sharply again. Nevertheless, it was considered that progress was being made in balancing infection control with economic activity.」
The Company indicated that conditions were highly uncertain due to soaring resource and energy prices, higher prices and another sharp rise in new COVID-19 infections, while progress was being made in balancing infection control with economic activity. - FY2022Limited impact, with demand opportunities continuingAnnual report
「Although the impact of the spread of COVID-19 differs by business, the Company believes that the overall impact on the Group is limited.」
While recognising business-specific impacts, the Company considers the impact on the Group as a whole limited and indicates the potential for continued growth in demand for internet infrastructure in the post-COVID-19 period. - FY2022-Q3Impact continues, with progress toward coexistenceAnnual report
「Coexistence with COVID-19 is progressing through measures such as booster vaccinations (third doses), but conditions remain unstable due to the impact of COVID-19. The Company recognised the need to continue closely monitoring developments in Japan and overseas and changes in economic conditions.」
The Company described progress toward coexistence through booster vaccinations and other measures, while continuing to monitor unstable conditions and the economic impact of COVID-19. - FY2022-Q2Impact continues, with signs of recoveryAnnual report
「During the cumulative second quarter of the fiscal year, conditions remained unstable due to the impact of COVID-19, but the number of infections in Japan began to trend downward and signs of a recovery emerged. While the state of emergency and quasi-emergency measures were lifted on 30 September and efforts were being made to restore economic and social activity as quickly as possible, it was also necessary to balance this with the restoration of safe social life. The Company therefore recognised the need to continue closely monitoring developments related to COVID-19 in Japan and overseas and changes in economic conditions.」
Although unstable conditions caused by COVID-19 continued, the Company noted the decline in domestic infections, the lifting of measures and signs of a recovery in economic and social activity. - FY2021Continuing business-specific impacts but limited overall impactAnnual report
「In the short term, sales are expected to expand as demand for internet infrastructure in the infrastructure-tech business increases. Meanwhile, the ad-tech business is expected to see lower profit as the advertising market contracts in line with the domestic economy. Although the impact differs by business, the Company believes that the overall impact on the Group is limited.」
The impact of COVID-19 differed by business: infrastructure tech benefited from increased demand, while ad tech became a factor reducing profit. However, the Company indicated that the impact on the Group as a whole was limited. - FY2021-Q3Impact continues, partial recoveryAnnual report
「Although the Company captured stay-at-home demand in areas such as beauty and financial services, the period of sharp decline caused by the spread of COVID-19 has passed, and the overall trend during the cumulative third quarter of the fiscal year is one of recovery.」
Although the impact of COVID-19 on the ad-tech business continued, the business had moved past the period of sharp decline by capturing stay-at-home demand and was generally on a recovery trend. - FY2021-Q2MaterialisedAnnual report
「The business was heavily affected by the spread of COVID-19. Revenue declined substantially because services were suspended in the instructor-dispatch language training business and the study-abroad-related business, while revenue from books, the core business, also declined.」
The impact of COVID-19 continued, with the edtech business affected by the suspension of language training and study-abroad-related services and lower book revenue. - FY2021-Q1MaterialisedAnnual report
「Revenue declined substantially because services were suspended in the instructor-dispatch language training business and the study-abroad-related business as a result of the spread of COVID-19.」
The business impact of COVID-19 that arose in the previous fiscal year continued into the current quarter, appearing as the suspension of Arc’s training and study-abroad-related businesses, lower book revenue and lower advertising revenue in the ad-tech business. - FY2020MaterialisedAnnual report
「The spread of COVID-19 caused a sharp decline in sales expected in the fourth quarter. In addition, the impact of the spread of COVID-19 caused kids’ English conversation schools to close and orders for corporate training businesses, including overseas training, to fall sharply before the peak demand season.」
In the edtech business, demand for publishing, English conversation schools, overseas training and corporate training declined sharply. In health tech, system implementations were postponed and sales activity stagnated, while an impact was also seen in real-estate tech.