Impact of COVID-19 on Business and Markets
First written in FY2021. 4 of 8 entries say "Materialised", first in FY2021. Latest entry: FY2025.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2025ReframedAnnual report
「In addition, natural disasters or pandemics could temporarily generate more payment data than anticipated, causing the payment ASP service to exceed its capacity.」
The discussion has shifted from addressing COVID-19 specifically to the risk of a surge in payment data and capacity being exceeded due to natural disasters and pandemics in general. - FY2023SoftenedAnnual report
「As new lifestyles associated with COVID-19 become established, the cashless payments market is expected to continue growing.」
The discussion has shifted from focusing on the business impact of the infectious disease to describing the establishment of new lifestyles as a backdrop to market growth. - FY2023-Q1SoftenedAnnual report
「Within the information services industry to which we belong, a lifestyle adapted to living with COVID-19 has become established, and demand for IT investment has remained firm, driven by the spread of business tools such as teleworking, improved operational efficiency, paperless operations and contactless services.」
It describes a business environment in which a lifestyle adapted to living with COVID-19 has become established and demand for IT investment has remained firm, presenting a positive outlook for the market impact of the infectious disease. However, it states that there have been no material changes to business and other risks. - FY2022SoftenedAnnual report
「Although we currently believe that the impact of COVID-19 on our business activities is limited, the outlook remains uncertain, and we will continue to monitor the situation closely.」
Regarding the infectious disease, it states that the current impact on business activities is limited, while continuing to note the possibility of an impact if the situation is prolonged or expands. - FY2022-Q3MaterialisedAnnual report
「Revenue from information systems development (flow revenue) declined to ¥331,452 thousand, down 60.6% year on year, as orders for contracted development projects and terminal implementation projects remained sluggish after some users that had planned to introduce payment systems and payment terminals as a package reviewed the timing of their system investments.」
It reports that, in connection with reviews of the timing of system investments during the COVID-19 pandemic, orders stagnated and flow revenue declined 60.6% year on year. - FY2022-Q2MaterialisedAnnual report
「Revenue from information systems development (flow revenue) declined to ¥212,847 thousand, as some users that had planned to introduce payment systems and payment terminals as a package reviewed the timing of their system investments, causing the initially expected revenue to be deferred to the following quarter and beyond.」
It states that, following reviews of the timing of system investments during the infectious disease outbreak, revenue from information systems development was deferred to the following quarter and beyond, resulting in revenue of ¥212,847 thousand. - FY2022-Q1MaterialisedAnnual report
「As a result of the spread of COVID-19, the timing of system investments was pushed back, including business discussions for new implementations and the introduction of new payment methods and service launches for existing customers. Revenue from information systems development was ¥102,104 thousand.」
The impact of the infectious disease actually materialized as delays in the timing of system investments, affecting revenue from information systems development. - FY2021MaterialisedAnnual report
「The spread of COVID-19 carries the risk of stagnant international economic activity and market contraction due to restrictions on movement.」
The global spread of the infectious disease has already occurred. While the Company states that there is currently no major impact, it notes the possibility of disruption caused by customers' operational stagnation or an internal cluster.