Impact of COVID-19 on Business Activities
First written in FY2020-Q2. 11 of 12 entries say "Materialised", first in FY2020-Q2. Latest entry: FY2023.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2023MitigatedAnnual report
「As COVID-19 was reclassified as a Category V infectious disease, the same category as seasonal influenza, infection-control measures were relaxed and economic activity normalized, reducing the level of risk.」
The Company recognizes that the risk posed by COVID-19 to overall business activities has declined as COVID-19 was reclassified as a Category V infectious disease and economic activity normalized. Infection-control measures nevertheless continue in the nursing care business. - FY2022MaterialisedAnnual report
「Extraordinary losses included an impairment loss of ¥56.061 million and a loss on sale of non-current assets of ¥44.902 million in connection with the sale of buildings and other assets at the head office, as well as ¥34.617 million in costs, consisting of personnel expenses, arising from shortened operating hours.」
The Company recorded ¥34.617 million in costs related to shortened operating hours in response to COVID-19 as extraordinary losses, making the impact on the business explicit in profit or loss for the current fiscal year. - FY2022-Q3MaterialisedAnnual report
「The Company recorded ¥13.913 million in income from subsidies and other sources related to the spread of COVID-19 as extraordinary income, and ¥28.362 million in costs, consisting of personnel expenses, arising from shortened operating hours as extraordinary losses.」
The Company recorded ¥28.362 million in personnel expenses related to shortened operating hours in response to the pandemic as extraordinary losses and ¥13.913 million in subsidies and other income as extraordinary income. The impact continues to materialize in profit or loss for the cumulative third quarter. - FY2022-Q2MaterialisedAnnual report
「The Company recorded ¥10.648 million in income from subsidies and other sources related to the spread of COVID-19 as extraordinary income, and ¥19.805 million in costs, consisting of personnel expenses, arising from shortened operating hours as extraordinary losses.」
The Company recorded ¥19.805 million in personnel expenses related to shortened operating hours during the pandemic as extraordinary losses, and the impact of the pandemic on the business continues to materialize in profit or loss for the cumulative second quarter. - FY2022-Q1MaterialisedAnnual report
「The Company recorded ¥6.054 million in income from subsidies and other sources related to the spread of COVID-19 as extraordinary income, and ¥10.656 million in costs, consisting of personnel expenses, arising from shortened operating hours as extraordinary losses.」
Regarding the impact of COVID-19, the Company recorded ¥10.656 million in personnel expenses related to shortened operating hours as extraordinary losses and ¥6.054 million in subsidies and other income as extraordinary income. - FY2021MaterialisedAnnual report
「The Company recorded ¥39.872 million in income from subsidies and other sources related to the spread of COVID-19 as extraordinary income, and ¥51.770 million in costs, consisting of personnel expenses, arising from shortened operating hours as extraordinary losses.」
The Company recorded ¥51.770 million in personnel expenses related to shortened operating hours during the pandemic as extraordinary losses and ¥39.872 million in subsidies and other income as extraordinary income. The impact of the pandemic continues to materialize in profit or loss for the current fiscal year. - FY2021-Q3MaterialisedAnnual report
「The Company recorded ¥32.555 million in income from subsidies and other sources related to the spread of COVID-19 as extraordinary income, and ¥39.906 million in costs, consisting of personnel expenses, arising from shortened operating hours as extraordinary losses.」
Regarding the impact of COVID-19, the Company recorded ¥39.906 million in personnel expenses related to shortened operating hours as extraordinary losses and ¥32.555 million in subsidies and other income as extraordinary income. - FY2021-Q2MaterialisedAnnual report
「COVID-19-related losses 26,858」
The Company recorded ¥26.858 million in personnel expenses related to shortened operating hours in response to requests to refrain from operating and declarations of a state of emergency as COVID-19-related losses. - FY2021-Q1MaterialisedAnnual report
「As part of our efforts to prevent the spread of COVID-19, we shortened our operating hours in response to requests from the government and local authorities to refrain from operating and declarations of a state of emergency. The resulting costs, consisting of personnel expenses, were recorded as extraordinary losses.」
The Company recorded ¥16.298 million in personnel expenses related to shortened operating hours as COVID-19-related extraordinary losses and ¥11.240 million in employment adjustment subsidies as extraordinary income. The impact of the pandemic has materialized in the current quarter's profit or loss. - FY2020MaterialisedAnnual report
「As part of our efforts to prevent the spread of COVID-19, we shortened our operating hours in response to requests from the government and local authorities to refrain from operating and declarations of a state of emergency. The resulting costs, consisting of personnel expenses, were recorded as extraordinary losses.」
The Company recorded ¥38.225 million in personnel expenses related to shortened operating hours as COVID-19-related losses, making the impact of the pandemic on the business explicit as an accounting loss. - FY2020-Q3MaterialisedAnnual report
「As part of our efforts to prevent the spread of COVID-19, we shortened our operating hours in response to requests from the government and local authorities to refrain from operating and declarations of a state of emergency. The resulting costs, consisting of personnel expenses, were recorded as extraordinary losses.」
The Company recorded ¥21.245 million in personnel expenses related to shortened operating hours during the COVID-19 pandemic as COVID-19-related losses, and recorded ¥14.524 million in employment adjustment subsidies as extraordinary income. The impact on the business has materialized as accounting gains and losses. - FY2020-Q2MaterialisedAnnual report
「The spread of COVID-19 may affect the Company's business activities. However, as many factors remain unclear and uncertain at this stage, we will continue to monitor developments. Most of our major customers, beauty salons, were forced to close temporarily or reduce their operating hours, resulting in a sharp deterioration in business performance.」
The Company identified for the first time the spread of COVID-19 as a risk affecting business activities, and the effects have materialized through beauty salon closures and reduced operating hours, lower orders and the suspension of preventive care services, among other factors.