Impact of COVID-19 on Business and Performance
First written in FY2020. 5 of 16 entries say "Materialised", first in FY2021-Q1. Latest entry: FY2025.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2025DroppedAnnual reportRegarding the standalone impact of COVID-19 on the business and performance, this filing’s description of the business environment and risks contains no specific discussion of the kind previously provided.
- FY2024SoftenedAnnual report
「Following the reclassification of COVID-19 under the Infectious Diseases Control Law to Category 5, various restrictions were progressively lifted, ushering in a new phase described as the post-pandemic period.」
It states that restrictions on activities associated with COVID-19 were lifted, further easing constraints on the business environment caused by the pandemic. - FY2024-Q3SoftenedAnnual report
「Despite further instability in global conditions, economic normalization from the disruption caused by COVID-19 has progressed」
It states that economic normalization from the disruption caused by COVID-19 is progressing, with constraints on the business environment caused by the pandemic easing further. - FY2024-Q2SoftenedAnnual report
「The economy has continued to recover gradually as inbound demand in tourism and foot traffic increased following the substantial easing of restrictions accompanying COVID-19’s reclassification to Category 5」
It states that the easing of restrictions on activities associated with COVID-19 and increases in inbound demand and foot traffic have continued, further easing constraints on the business environment caused by the pandemic. - FY2024-Q1SoftenedAnnual report
「Restrictions were eased substantially following the reclassification of COVID-19 under the Infectious Diseases Control Law to Category 5, and the economy has been gradually recovering as inbound demand in tourism and foot traffic increased」
It states that restrictions on activities associated with COVID-19 were eased substantially, while inbound demand in tourism and foot traffic increased. - FY2023-Q3Easing of pandemic-related effects and slowing demandAnnual report
「The semiconductor shortage is gradually easing and sales from disaster-prevention projects are beginning to recover, but growth in demand for packaged products has also leveled off. Sales of consumer products declined compared with the same period of the previous year, when a large new character project was secured.」
Growth in demand for packaged products and other products that expanded under the pandemic has leveled off, with the impact emerging as lower sales of consumer products. Meanwhile, disaster-prevention projects are recovering as the semiconductor shortage eases. - FY2023-Q2MaterialisedAnnual report
「Demand for packaged products such as “AITalk® 声の職人®” and “AITalk® 声プラス®” for creating narration for e-learning materials, videos and other content used in corporate telework and school online classes during the COVID-19 pandemic has also begun to level off, and sales remained below plan.」
Growth in demand related to teleworking and online classes, which expanded under the pandemic, has leveled off, while the impact of changes in the demand structure caused by the pandemic has continued, resulting in performance below plan. - FY2023-Q1Easing of pandemic-related effects and slowing demandAnnual report
「Demand has begun to level off for packaged products such as “AITalk® 声の職人®” and “AITalk® 声プラス®” used to produce narration for e-learning materials, videos and other applications in corporate teleworking and school online classes during the COVID-19 pandemic.」
It states that growth in demand related to teleworking and online classes, which expanded under the pandemic, has leveled off. At the same time, the severe economic conditions caused by the pandemic are gradually easing. - FY2022MaterialisedAnnual report
「The disaster-prevention field, which had performed steadily in the previous fiscal year, was sluggish. Delays in the release of some new products in the “A.I.VOICE™” series also contributed to revenue falling below the initial plan for the fiscal year.」
As changes in the demand structure under the pandemic continue, increased demand from teleworking and online learning has coexisted with actual negative effects from weak disaster-prevention demand and postponed new products. - FY2022-Q2RestatedAnnual report
「The surrounding business environment was affected by the contraction of disaster-prevention projects and delays in part of the sales plan for new products in the “A.I.VOICE™” consumer product series, resulting in lower revenue. However, demand continues to expand for the corporate packaged products “AITalk® 声の職人®” and “AITalk® 声プラス®,” used to create narration for e-learning, videos and other applications in corporate telework and school online classes, as well as for consumer products.」
As the demand structure continues to change under the pandemic, both factors reducing revenue and increased demand associated with teleworking, online classes and other factors have continued. - FY2022-Q1RestatedAnnual report
「The surrounding business environment was affected by the pullback from the stay-at-home special demand for consumer products and large royalty projects for corporate products that occurred in the cumulative period through the first quarter of the previous fiscal year, resulting in lower revenue. However, demand for corporate and consumer products used to create narration for e-learning, videos and other applications in corporate telework and school online classes continues to expand.」
While the reversal of the stay-at-home windfall and other special demand generated during the same period of the previous year under the pandemic reduced revenue in the current quarter, demand associated with teleworking and online classes has continued to expand. - FY2021MaterialisedAnnual report
「Following the postponement of the Tokyo Olympic and Paralympic Games, orders for Olympic-related projects were postponed. The decline in overseas tourists led to fewer multilingual projects, and the cancellation of exhibitions and other factors reduced sales opportunities. On the other hand, demand increased for the production of narration for e-learning materials, videos and other applications as companies adopted teleworking and schools adopted online classes, while demand for consumer products expanded as individuals refrained from going out.」
While postponed projects, fewer multilingual projects and fewer sales opportunities occurred in connection with COVID-19, increased demand for e-learning, video narration and consumer products has also continued as an actual effect. - FY2021-Q3RestatedAnnual report
「The business environment was negatively affected by postponed orders for Olympic-related projects following the postponement of the Tokyo Olympic and Paralympic Games, fewer multilingual projects due to the decline in overseas tourists, and fewer sales opportunities due to exhibition cancellations and other factors. On the other hand, demand increased for the production of narration for e-learning materials, videos and other applications as companies adopted teleworking and schools adopted online classes, while demand for consumer products expanded as individuals refrained from going out.」
It continues to record as actual effects both the negative impact of COVID-19 on Olympic-related projects, multilingual projects and sales opportunities, and increased demand for e-learning, video narration and consumer products. - FY2021-Q2MaterialisedAnnual report
「The business environment was affected by postponements of orders for Olympic-related projects following the postponement of the Tokyo Olympic and Paralympic Games, a decline in multilingual projects due to fewer overseas tourists, and a decline in sales opportunities due to the cancellation of exhibitions and other factors. However, demand increased for the production of narration for e-learning materials, videos and other applications as companies adopted teleworking and schools adopted online classes, while demand for consumer products expanded as individuals refrained from going out.」
In connection with COVID-19, it records actual effects including postponed orders for Olympic-related projects, fewer multilingual projects and fewer sales opportunities due to exhibition cancellations, while increased demand for e-learning, video narration and consumer products has continued. - FY2021-Q1MaterialisedAnnual report
「The business environment was affected by postponements of orders for Olympic-related projects following the postponement of the Tokyo Olympic and Paralympic Games, and by a decline in multilingual projects due to fewer overseas tourists. However, demand increased for the production of narration for e-learning materials, videos and other applications as companies adopted teleworking and schools adopted online classes, while demand for consumer products expanded as individuals refrained from going out.」
In connection with COVID-19, it describes actual negative effects including postponed orders for Olympic-related projects and fewer multilingual projects, while also recording increased demand associated with teleworking, online classes and people refraining from going out. - FY2020First statedAnnual report
「When COVID-19 became a global pandemic, conditions changed dramatically. The sharp decline in overseas tourists, cancellation of domestic events and calls for people to refrain from going out reduced private consumption, making a deterioration in corporate earnings unavoidable.」
It identifies, for the first time as a standalone risk, the actual effects of COVID-19, including fewer tourists, event cancellations, calls for people to refrain from going out and a decline in private consumption.