Risk of Declining Demand and Deteriorating Financial Condition Due to COVID-19
First written in FY2020-Q2. 4 of 9 entries say "Restated". Latest entry: 2026-03-16.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- 2026-03-16MaterialisedOccurring Fact
「However, in addition to weaker mobility demand caused by the impact of COVID-19 from 2020 onward and the subsequent slowdown in the recovery of parking utilization, costs including inflation-linked rents continued to rise against a backdrop of higher energy prices due to the situation in Ukraine and persistently high inflation in the UK.」
Reduced demand and a slower recovery caused by the pandemic, together with higher energy prices and UK inflation, increased the cost burden and contributed to NCP's structural losses and tightening liquidity, leading to the commencement of proceedings. - FY2022-Q1RestatedAnnual report
「Although we assume that the effects of the infection will continue to a certain extent during the current consolidated fiscal year,」
The company continues to assume that the effects of the infection will continue to a certain extent during the current consolidated fiscal year. - FY2021ReframedAnnual report
「Regarding the consolidated earnings forecast for the fiscal year ending October 2022, we have made estimates based on the assumption that the effects of the infection would continue to a certain extent, but that the impact on each service would be less than in the current consolidated fiscal year.」
The assumption that the effects of the infection would continue has been maintained, while the earnings forecast has been updated to assume that the impact would be less in the fiscal year ending October 2022 than in the current fiscal year. - FY2021-Q3RestatedAnnual report
「Although our basic approach remains unchanged as vaccination progresses worldwide, we changed our assumption for the United Kingdom because the impact of the infection has been severe there, and recovery is expected to take longer than projected at the end of the previous consolidated fiscal year. There have been no material changes to the certain assumptions stated under Additional Information in the second-quarter report for the current consolidated fiscal year.」
The company stated that there had been no material changes since the second-quarter report to the accounting assumptions concerning the impact of the infection and the timing of recovery. The assumption that recovery in the United Kingdom would take longer also remains in place. - FY2021-Q2WorsenedAnnual report
「Although our basic approach remains unchanged as vaccination progresses worldwide, we changed our assumption for the United Kingdom because the impact of the infection has been severe there, and recovery is expected to take longer than projected at the end of the previous consolidated fiscal year.」
While maintaining the basic assumption of containment of the infection and economic recovery, the company changed its assumption for the United Kingdom to reflect a longer recovery period than assumed at the end of the previous fiscal year. - FY2021-Q1RestatedAnnual report
「There have been no material changes to the assumptions, including the timing of the containment of COVID-19, stated under Additional Information in the annual securities report for the previous consolidated fiscal year.」
The company stated that there had been no material changes since the end of the previous fiscal year to the accounting assumptions, including the timing of the containment of the infection. - FY2020ReframedAnnual report
「Regarding the consolidated earnings forecast for the fiscal year ending October 2021, we have estimated the impact on business performance based on the assumption that, despite the continuing effects of the infection, conditions would gradually recover through the end of the fiscal year ending October 2021.」
The period assumed for the containment of the infection and recovery was updated from the end of the fiscal year ending October 2020 to the end of the fiscal year ending October 2021, while uncertainty continues to be emphasized. - FY2020-Q3RestatedAnnual report
「We have estimated the impact on business performance based on the assumption that, despite the effects of the infection, conditions would gradually recover through the end of the fiscal year ending October 2020. However, the above assumptions used in the estimates contain many uncertainties, and changes in the timing of the containment of COVID-19 or its impact on the economic environment could affect the future financial condition, operating results and cash flows of the Group.」
The company continues to make estimates of business performance based on assumptions about the containment of the infection and economic recovery, while noting the associated uncertainty and the possibility of impacts on financial condition, business performance and cash flows. - FY2020-Q2First statedAnnual report
「We have estimated the impact on business performance based on the assumption that, despite the effects of the infection, conditions would gradually recover through the end of the fiscal year ending October 2020. However, the above assumptions used in the estimates contain many uncertainties, and changes in the timing of the containment of COVID-19 or its impact on the economic environment could affect the financial condition, operating results and cash flows of the Group from the third quarter onward.」
The company newly identified as a risk the possibility that estimates of business performance based on assumptions about the timing of the containment of the infection and its impact on the economic environment may be subject to considerable uncertainty and affect financial condition, operating results and cash flows from the third quarter onward. A decline in service usage and revenue due to the infection had already occurred in the current quarter.