Risk of Fewer Sales Opportunities and Delayed Orders Due to the Spread of COVID-19
First written in FY2020. 4 of 7 entries say "Materialised", first in FY2021-Q1. Latest entry: FY2025.
Data Applications 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: 23 of 48 companies on the "Worse" side.
18 other companies' latest entry also says "Dropped".
- FY2025DroppedAnnual report
「The spread of an unknown infectious disease could expose employees to the risk of infection and affect the sales activities of distributors and other parties.」
The company no longer identifies COVID-19 by name as a specific risk to sales opportunities and order timing, instead grouping it under general business continuity risks including natural disasters and unknown infectious diseases. - FY2022SoftenedAnnual report
「Although it is difficult to accurately predict how COVID-19 will spread or when it will subside, its impact on the Group’s business activities and results is limited, and therefore it has no material impact on the accounting estimates and assumptions used in the consolidated financial statements.」
The company continues to disclose the possibility that the pandemic could deprive partners of sales opportunities or delay orders, but stated that its impact on business activities and results for the consolidated fiscal year was limited and had no material impact on accounting estimates. - FY2021MaterialisedAnnual report
「While customers prioritized IT investment supporting telework and working from home, the Group experienced reduced sales opportunities and delayed orders, which contributed to lower full-year revenue and earnings.」
Customer IT investment supporting telework and similar arrangements was prioritized, while the Group actually experienced reduced sales opportunities and delayed orders, contributing to lower full-year revenue and earnings. - FY2021-Q3MaterialisedAnnual report
「As a result, operating performance for the third quarter of the current consolidated cumulative period included revenue of ¥1,503 million, down 3.9% year on year, due to project postponements and freezes triggered by the spread of COVID-19, as well as the deferral of maintenance revenue recognition resulting from the change in accounting policy.」
Project postponements and freezes triggered by the spread of COVID-19 continued and contributed to the decline in revenue. - FY2021-Q2MaterialisedAnnual report
「As a result, operating performance for the second quarter of the current consolidated cumulative period included revenue of ¥944 million, down 5.4% year on year, due to project postponements and freezes triggered by the spread of COVID-19, as well as the deferral of maintenance revenue recognition resulting from the change in accounting policy.」
Project postponements and freezes triggered by the spread of COVID-19 continued and contributed to the decline in revenue. - FY2021-Q1MaterialisedAnnual report
「As a result, operating performance for the first quarter of the current consolidated cumulative period included revenue of ¥418 million, down 18.4% year on year, due to project postponements and freezes triggered by the spread of COVID-19, as well as a decline in maintenance revenue resulting from the change in accounting policy described above.」
The company stated that project postponements and freezes triggered by the spread of COVID-19 led to lower revenue and the recognition of losses. - FY2020First statedAnnual report
「The spread of COVID-19 directly restricted interaction between people, resulting in negative effects on the Group’s earnings, including reduced opportunities to sell software products and delayed orders.」
The company stated that COVID-19 had already negatively affected earnings through reduced sales opportunities and delayed orders. The extent of the impact had not been measured quantitatively.