Limited Impact of COVID-19 on Business Performance
First written in FY2020-Q3. 6 of 10 entries say "Restated". Latest entry: FY2022.
Mercari moved to the "Worse" side of this theme in 2022.
0 other companies' latest entry also says "Materialised".
- FY2022MaterialisedAnnual report
「In Mercari JP, the Group's core business, efforts to acquire new users, strengthen listings and improve retention resulted in MAU of 20.4 million. However, short-term GMV growth slowed as time spent at home declined, fraudulent activity increased at the Company from the end of the previous year, and the Company prioritized investments expected to build results steadily toward medium- to long-term growth.」
The reduction in time spent at home as circumstances surrounding COVID-19 changed emerged in the current year's business results as a factor behind slower short-term GMV growth. - FY2022-Q3WorsenedAnnual report
「Meanwhile, GMV growth slowed year on year because reduced time spent at home as circumstances surrounding COVID-19 changed led to fewer listings and lower purchase frequency, while fraudulent activity, which had been increasing across the industry, also increased at the Company from the end of the previous year.」
The reduction in time spent at home as circumstances surrounding COVID-19 changed contributed to slower domestic GMV growth through decreases in listings and purchase frequency. At the same time, the Company continued to state that the impact on accounting estimates was not material. - FY2022-Q2RestatedAnnual report
「As of the present time, the Company judges that COVID-19 has some impact on accounting estimates, including the allowance for doubtful accounts, but not a material impact.」
The Company reaffirmed its judgment that COVID-19 has some impact on accounting estimates, but not a material impact. - FY2022-Q1RestatedAnnual report
「As of the present time, the Company judges that COVID-19 has some impact on accounting estimates, including the allowance for doubtful accounts, but not a material impact.」
The Company continues to judge that COVID-19 has some impact on accounting estimates, but not a material impact. - FY2021RestatedAnnual report
「As of the present time, the Company judges that COVID-19 has some impact on accounting estimates, including the allowance for doubtful accounts, but not a material impact.」
The Company continues to judge that COVID-19 has some accounting impact, but not a material impact. However, delays in operations and a potential decline in repayment capacity due to the spread of infections are identified as risks. - FY2021-Q3RestatedAnnual report
「As of the present time, the Company judges that COVID-19 has some impact, but not a material impact, when forecasting future cash flows and the future business environment.」
The Company continues to judge that COVID-19 has some impact on future cash flows and the business environment, but that its accounting impact is limited. - FY2021-Q2RestatedAnnual report
「As of the present time, the Company judges that COVID-19 has some impact, but not a material impact, when forecasting future cash flows and the future business environment.」
The Company continues to judge that COVID-19 has some impact on future cash flows and the business environment, but that its accounting impact is limited. - FY2021-Q1RestatedAnnual report
「As of the present time, the Company judges that COVID-19 has some impact, but not a material impact, when forecasting future cash flows and the future business environment.」
The Company continues to judge that COVID-19 has had some but limited accounting impact. At the same time, it continues to monitor the possibility that changes in circumstances could affect the financial statements. - FY2020ReframedAnnual report
「If the global spread of COVID-19 leads to infections among Group employees or business partners and causes delays in development or operations, it could affect the Group's business and performance.」
The explanation expanded from the third quarter's recognition that the impact had been minimal to explicitly identifying development and operational delays caused by infections as a future risk. At the same time, the Company also cites increases in users and spending as factors affecting actual performance. - FY2020-Q3First statedAnnual report
「The impact of COVID-19 on the Group during the third quarter was minimal.」
For the first time, the Company stated that the impact of COVID-19 during the third quarter was minimal.