School Closures, Declining Enrollment and Business Impact Caused by COVID-19
First written in FY2020. 4 of 11 entries say "Worsened", first in FY2021-Q2. Latest entry: FY2024-Q2.
Shuei Yobiko moved to the "Worse" side of this theme in 2020.
1 other company's latest entry also says "Mitigated".
- FY2024-Q2MitigatedAnnual report
「During the first 6 months of the fiscal year under review, Japan’s economy normalized as COVID-19 moved to Category 5, but higher prices for utilities, food, beverages and other items, in line with increases in resource and energy prices, put significant pressure on domestic consumption.」
Regarding COVID-19, the company has indicated that the disease moved to Category 5 and normalized, and the easing of the previous business impact from the spread of infection and concerns about attending cram school has continued. - FY2024-Q1MitigatedAnnual report
「The COVID-19 pandemic, which lasted for more than 3 years, finally subsided.」
Regarding COVID-19, the company’s view has progressed from the previous business impact of the spread of infection, concerns about attending cram school and declining recruitment to recognition that the pandemic finally subsided after more than 3 years. - FY2023MitigatedAnnual report
「During the consolidated fiscal year under review, COVID-19 infections finally subsided.」
Regarding COVID-19, the company’s view has changed from the previous business impact of the spread of infection, concerns about attending cram school and declining recruitment to recognition that the pandemic has finally entered a phase of subsiding. - FY2023-Q2MitigatedAnnual report
「In this industry as well, operations have come to be conducted at nearly normal levels through measures including mask wearing, alcohol disinfection, thorough ventilation, classes with small numbers of students and the introduction of online classes.」
The company explains that infection-control measures and the introduction of online classes have made it possible for the cram-school industry to operate at nearly normal levels, while descriptions of the business impact from previous school closures and concerns about attending cram school have been eased. - FY2022-Q3WorsenedAnnual report
「Although this industry is on a path to some recovery, conditions remain uncertain due to declines in household income and concerns about attending private tutoring schools resulting from COVID-19.」
Although the cram-school industry is showing signs of some recovery, uncertainty due to declining household income and concerns about attending cram school continues. - FY2022-Q2RestatedAnnual report
「During the first half of the fiscal year, the spread of the novel coronavirus remained unabated and repeated declarations of a state of emergency prevented a full-fledged economic recovery.」
The spread of COVID-19 has not subsided, and the situation of repeated declarations of a state of emergency continues to be disclosed. - FY2021WorsenedAnnual report
「In this industry as well, declining household income and concerns about going out have led to a substantial overall decline in new enrollments. In addition, in-person classes could not be held for a certain period, which has put downward pressure on operating results across the industry.」
The impact of COVID-19 has continued and become more concrete in the form of a substantial decline in new enrollments due to lower household income and concerns about going out, the suspension of in-person classes for a certain period, and lower operating results across the industry. - FY2021-Q3WorsenedAnnual report
「In this industry as well, the spread of COVID-19 has strengthened the tendency to refrain from attending cram school due to concerns about infection and declining income, reducing operating results.」
The impact of COVID-19 has continued and expanded in the cram-school industry in the form of increasingly cautious attendance due to concerns about infection and declining income, as well as lower operating results. - FY2021-Q2WorsenedAnnual report
「As a result, the number of general students enrolling in the summer courses fell below the previous year, affected by the financial strain on households caused by the spread of COVID-19, calls to refrain from going out to avoid infection risk, and the shortening of the school summer vacation. September enrollment also declined year on year.」
The impact of COVID-19 has also emerged in the second quarter as summer-course applicants and September enrollments falling below the previous year. - FY2021-Q1MaterialisedAnnual report
「In this industry, March and April are the season when new students enroll, but the number of enrollments has declined nationwide, together with students refraining from going out.」
The impact of school closures and refraining from going out due to COVID-19 has actually emerged as a nationwide decline in new enrollments. Enrollment has shifted to June or later, and recruitment of regular summer-course students has also been delayed. - FY2020First statedAnnual report
「The group continues its business activities in accordance with the policies of the national and local governments by enhancing services such as video-based classes. However, school closures, changes in school enrollment schedules and requests to refrain from sales activities may affect future business results.」
The COVID-19 pandemic has actually spread, resulting in school closures, changes to school entrance schedules and requests to refrain from operating. The number of students entering in March and April and recruitment for spring courses have declined from the usual levels, and the impact on future results and short-term cash flow has been disclosed separately as a risk for the first time.