Higher Costs, Including Outsourcing Costs, Associated with COVID-19 Measures
First written in FY2020. 2 of 5 entries say "Materialised", first in FY2020. Latest entry: FY2022.
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- FY2022MitigatedAnnual report
「In addition, special allowances for employees related to COVID-19 decreased, and efforts to improve profit margins, including greater development efficiency, resulted in operating profit of ¥469 million, up 76.2% from the previous consolidated fiscal year.」
Special allowances for employees associated with infection control measures decreased, reducing the burden of COVID-related costs incurred in the previous fiscal year. - FY2021MaterialisedAnnual report
「As a result of higher costs, including outsourcing costs, associated with measures against COVID-19, operating profit was ¥266 million, down 27.1% from the previous consolidated fiscal year.」
Costs such as outsourcing costs associated with infection control measures were actually incurred, and operating profit fell 27.1% year on year. - FY2021-Q3WorsenedAnnual report
「As costs such as special allowances for employees reporting to work and working-from-home allowances incurred to prevent the spread of COVID-19 exceeded expectations,」
Costs such as special allowances for employees reporting to work and working-from-home allowances incurred to prevent the spread of COVID-19 exceeded expectations, putting downward pressure on profit. - FY2021-Q2WorsenedAnnual report
「In terms of profit, as described above, some projects had their revenue recognised in the second half, resulting in a concentration of revenue in that period. In addition, selling, general and administrative expenses remained at the same level as in the same period of the previous year, while costs for preventing the spread of COVID-19 exceeded expectations, including special allowances for employees reporting to work and working-from-home allowances. As a result, the company recorded an operating loss of ¥85 million (compared with operating profit of ¥112 million in the same period of the previous year), an ordinary loss of ¥83 million (compared with ordinary profit of ¥138 million), and a quarterly net loss attributable to owners of the parent of ¥103 million (compared with quarterly net income attributable to owners of the parent of ¥74 million).」
Costs such as special allowances for employees reporting to work and working-from-home allowances, incurred to prevent the spread of infection, exceeded expectations and led to a deterioration in earnings, including an operating loss of ¥85 million. - FY2020MaterialisedAnnual report
「Meanwhile, ordinary profit was ¥387 million (down 4.3% from the previous consolidated fiscal year), and net income attributable to owners of the parent was ¥227 million (down 9.1% from the previous consolidated fiscal year).」
The company explained that costs, including outsourcing costs, increased in connection with measures against COVID-19, and operating profit increased only 0.6% year on year. Higher costs associated with infection control measures were incurred during the fiscal year.