Impact of COVID-19 on Student Recruitment, Classes and Business Performance
First written in FY2020. 4 of 9 entries say "Restated". Latest entry: FY2023.
Clip moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
2 other companies' latest entry also says "Dropped".
- FY2023DroppedAnnual reportIn the FY2023 business and other risks, no direct risk disclosure concerning the impact of COVID-19 on student recruitment, classes or business performance could be identified. A reference to general economic matters is included in the thread on factors causing economic uncertainty.
- FY2022RestatedAnnual report
「As the impact of COVID-19 continues for an extended period, the Company's business performance may be affected if this results in a decline in the number of students or other effects.」
The Company has reiterated for the full fiscal year the risk that a prolonged COVID-19 pandemic may affect business performance through a decline in the number of students or other effects. - FY2022-Q3WorsenedAnnual report
「During the cumulative third quarter of the consolidated fiscal year, the Japanese economy remained uncertain as infections resurged due to the highly contagious Omicron variant, despite progress in COVID-19 vaccinations.」
Although vaccinations progressed, infections caused by the Omicron variant resurged, and the Company described uncertainty in the economic and business environment associated with the prolonged and resurgent pandemic. - FY2022-Q2RestatedAnnual report
「During the cumulative second-quarter period, the Japanese economy remained in a difficult environment, despite progress in COVID-19 vaccinations, as declarations of a state of emergency continued to be issued intermittently.」
The Company states that, despite progress in vaccinations, the difficult environment amid the COVID-19 pandemic continued due to the intermittent issuance of declarations of a state of emergency and other factors. - FY2022-Q1RestatedAnnual report
「During the cumulative first-quarter period, the Japanese economy remained in a difficult environment, as consumption activity was intermittently stagnant due to requests to refrain from going out while the impact of COVID-19 continued for an extended period.」
The Company described a difficult economic environment in which the prolonged COVID-19 pandemic and stagnation in consumption activity associated with requests to refrain from going out continued. It states that there were no material changes in business and other risks. - FY2021RestatedAnnual report
「As the impact of COVID-19 continues for an extended period, the Company's business performance may be affected if this results in a decline in the number of students or other effects.」
The Company has reiterated for the full fiscal year the risk that a prolonged COVID-19 pandemic may affect business performance through a decline in the number of students or other effects. - FY2021-Q3WorsenedAnnual report
「As declarations of a state of emergency, including the declaration issued in April 2020, and requests to refrain from activities associated with the spread of COVID-19 affected the economy and corporate activities, some operating activities of the Company's Group, including student recruitment and the provision of classes, have also been affected. In addition, the declaration of a state of emergency was reissued in January 2021, and the Company expects this to continue affecting some operating activities of the Group. However, for the fiscal year ended March 2021, the Company had resumed student recruitment and classes from May 2020 while paying the utmost attention to infection prevention, and assumes that the impact will gradually diminish toward the end of the fiscal year. The timing of the end of the COVID-19 pandemic and its impact on the economic environment remain highly uncertain, and changes in the above assumptions may affect the Group's financial position and operating results in the future.」
The impact on operating activities such as student recruitment and classes has continued, and additional effects from the reissuance of the state of emergency in January 2021 are expected. The Company also states that the timing of the end of the pandemic and its impact on the economic environment remain highly uncertain. - FY2021-Q1MaterialisedAnnual report
「In the cram-school industry, the market continues to stagnate as a result of the declining birth rate. At times, the spread of COVID-19 made it necessary to close schools, and the outlook for the future remains extremely uncertain.」
The spread of COVID-19 actually resulted in a period during which schools had to close, and the Company also disclosed declines in average student numbers and net sales in its education and sports businesses. - FY2020First statedAnnual report
「Recently, the Japanese Government's declaration of a state of emergency and emergency measures imposed by prefectural governments have resulted in a situation in which the Government and prefectural governors have strongly urged people to refrain from going out to prevent the spread of COVID-19. If this situation results in a decline in the number of students or other effects, the Company's business performance may be affected.」
The Company identifies declarations of a state of emergency and requests to refrain from going out associated with COVID-19 as new risks that may affect student numbers and business performance. Elsewhere, it states that requests to refrain from going out have affected student recruitment and the provision of classes, among other activities.