Cancellation and Postponement of Performances Due to COVID-19 and Impact on Business Results
First written in FY2020. 5 of 15 entries say "Worsened", first in FY2021-Q1. Latest entry: FY2026.
Pia moved to the "Worse" side of this theme in 2020.
1 other company's latest entry also says "Restated".
- FY2026RestatedAnnual report
「If a global spread of infection such as COVID-19 or a new infectious disease occurs, the group’s business activities may be restricted in the domestic leisure and entertainment market that forms its business base, including through the cancellation or postponement of events, which could affect results.」
The company continues to describe the risk in general terms, including global outbreaks such as COVID-19 and new infectious diseases, rather than focusing solely on the continuing impact of COVID-19. - FY2024ReframedAnnual report
「If a global spread of infection such as COVID-19 or a new infectious disease occurs, the group’s business activities may be restricted in the domestic leisure and entertainment market that forms its business base, including through the cancellation or postponement of events, which could affect results.」
The wording was broadened from a description centered on the continuing impact of COVID-19 to a general infectious-disease risk that includes global outbreaks such as COVID-19 and new infectious diseases. - FY2024-Q3MitigatedAnnual report
「During the cumulative third-quarter period, Japan’s economy saw continued normalization of consumption and economic activity and a recovery in inbound demand as COVID-19 subsided.」
The normalization of consumption and economic activity progressed as COVID-19 subsided, and the company explains that market and business-activity restrictions associated with the infectious disease were moving toward relaxation. - FY2024-Q1MitigatedAnnual report
「Since COVID-19 was downgraded in May to the same classification as seasonal influenza, the normalization of economic activity has progressed further.」
Following the reclassification of COVID-19, economic activity has continued to normalize, indicating a trend toward easing restrictions on events associated with the infectious disease. - FY2023-Q3RestatedAnnual report
「Restrictions on business activities to prevent and control COVID-19 infections may continue to have a material impact on the group’s operating results.」
The company continues to identify as a risk the possibility that restrictions on business activities associated with COVID-19 infection control and prevention may have a material impact on results. - FY2023-Q2RestatedAnnual report
「Restrictions on business activities to prevent and control COVID-19 infections may continue to have a material impact on the group’s operating results.」
The company continues to identify as a risk the possibility that restrictions on business activities associated with COVID-19 infection control and prevention may have a material impact on results. - FY2023-Q1WorsenedAnnual report
「Restrictions on business activities to prevent and control the spread of COVID-19 may continue to have a material impact on the group’s operating results.」
While the market recovery progressed, the seventh wave, during which new COVID-19 cases reached a record high, arrived, indicating that restrictions on business activities associated with infection control and prevention may continue to be a material factor affecting results. - FY2022Recovery trend alongside the risk of renewed spreadAnnual report
「Since the beginning of the year, the reintroduction of priority preventive measures in response to the sixth wave has led to renewed tightening of restrictions on holding events and on the entry of foreign nationals.」
While the event market had entered a recovery phase, the renewed tightening of event restrictions and entry controls due to the sixth wave led to postponements of large-scale productions and performances by overseas artists, and the risk associated with infectious disease remained. - FY2022-Q3Recovery amid eased restrictions and uncertainty due to the Omicron variantAnnual report
「Although the spread of the Omicron variant of COVID-19 in January 2022 led to an increase in cases and hospital bed occupancy rates, creating a situation in which priority preventive measures were declared, the group expects the impact to remain limited and earnings to continue recovering steadily.」
The company describes a situation in which priority preventive measures were declared following the spread of the Omicron variant, while expecting the impact to remain limited and earnings to continue recovering steadily. The risk of business restrictions due to infectious disease remains. - FY2022-Q2Narrowing losses amid continuing restrictionsAnnual report
「Restrictions on business activities to prevent and control COVID-19 infections may continue to have a material impact on the group’s operating results.」
The company states that restrictions on business activities associated with infection control and prevention may continue to be a material factor affecting results. Meanwhile, the operating loss narrowed from ¥4.442 billion in the same period of the previous year to ¥1.754 billion in the second quarter under review. - FY2022-Q1WorsenedAnnual report
「Following the reissuance of the state of emergency, restrictions on event attendance were tightened again, and unfortunately the recovery in results had to stall. Operating loss: ¥1.154 billion (operating loss of ¥2.732 billion in the same quarter of the previous year)」
Restrictions on events related to COVID-19 were tightened again following the reissuance of the state of emergency, slowing the recovery in results. Although the operating loss narrowed from ¥2.732 billion in the same period of the previous year to ¥1.154 billion, losses continued. - FY2021-Q3WorsenedAnnual report
「The group recorded an operating loss, ordinary loss and net loss attributable to owners of the parent due to the significant deterioration in market conditions caused by the impact of COVID-19.」
The deterioration in market conditions and the recording of losses due to COVID-19 continued through the cumulative third-quarter period. Net sales were ¥48.518 billion, operating loss was ¥4.931 billion, ordinary loss was ¥4.888 billion and net loss attributable to owners of the parent was ¥5.062 billion. - FY2021-Q2WorsenedAnnual report
「The group recorded an operating loss, ordinary loss and net loss attributable to owners of the parent due to the significant deterioration in market conditions caused by the impact of COVID-19.」
The contraction of the live-production market due to COVID-19 continued, and during the cumulative second-quarter period the company recorded an operating loss of ¥4.442 billion, an ordinary loss of ¥4.167 billion and a net loss attributable to owners of the parent of ¥4.309 billion. - FY2021-Q1WorsenedAnnual report
「The contraction of the live-production market nationwide resulting from government requests to refrain from activities to prevent the spread of COVID-19 led to a substantial decline in revenue and earnings. Consolidated net sales were ¥4.590 billion, down 90.0% year on year; operating loss was ¥2.732 billion, compared with operating income of ¥171 million in the same period of the previous year; ordinary loss was ¥2.618 billion, compared with ordinary income of ¥163 million; and net loss attributable to owners of the parent was ¥2.760 billion, compared with net income attributable to owners of the parent of ¥108 million.」
The impact of cancellations and postponements of productions and events due to COVID-19 expanded further from the situation at the end of the previous fiscal year. Revenue fell 90.0% year on year, and the company recorded an operating loss, ordinary loss and net loss attributable to owners of the parent. - FY2020MaterialisedAnnual report
「In response to requests from the government to refrain from holding events, cancellations and postponements of productions and events occurred nationwide in succession from late February. From March onward, almost all productions and events were forced to be cancelled or postponed, and the company continued to process refunds for a huge volume of tickets.」
Cancellations and postponements of productions and events and ticket refunds occurred as a result of COVID-19. Pia Research Institute estimated the impact on the live-entertainment industry as a whole at approximately ¥360 billion in losses as of the end of May 2020, and the company recorded ¥554 million in COVID-19-related losses.