Decline in Event Demand Due to Social Conditions and Natural Disasters
First written in FY2016. 15 of 31 entries say "Restated". Latest entry: FY2026.
Tow moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
The whole theme swung hardest in 2020: 24 of 39 companies on the "Worse" side.
26 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「In addition, if a major earthquake such as a Nankai Trough earthquake or an earthquake directly beneath the Tokyo metropolitan area were to occur, the Group could face physical impacts on its locations and clients, as well as a temporary disruption of activity across society. As restrictions or postponements of advertising and promotional activities spread, events and promotions could be repeatedly cancelled or postponed, potentially causing the advertising market as a whole to contract sharply.」
The disclosure continues to identify the risk of reduced event demand due to economic conditions, infectious diseases and natural disasters, and again notes the potential impact of Nankai Trough earthquakes and earthquakes directly beneath the Tokyo metropolitan area. - FY2025WorsenedAnnual report
「In addition, if a major earthquake such as a Nankai Trough earthquake or an earthquake directly beneath the Tokyo metropolitan area were to occur, the Group could face physical impacts on its locations and clients, as well as a temporary disruption of activity across society. As restrictions or postponements of advertising and promotional activities spread, events and promotions could be repeatedly cancelled or postponed, potentially causing the advertising market as a whole to contract sharply.」
In addition to the conventional risks of economic conditions, natural disasters and infectious diseases, the disclosure identifies Nankai Trough earthquakes and earthquakes directly beneath the Tokyo metropolitan area as specific major risks. - FY2024-Q2RestatedAnnual report
「During the cumulative first 2 quarters of the fiscal year, Japan's economy saw substantial revitalization in socioeconomic activity and people's daily lives, and a gradual economic recovery is expected. However, uncertainty about the outlook continued amid concerns over the effects of global volatility in financial, geopolitical and supply-side areas, among others.」
While indicating the revitalization of socioeconomic activity and expectations for an economic recovery, the disclosure continues to note uncertainty about the outlook due to global financial, geopolitical and supply-side volatility. It states that there have been no material changes in business and other risks. - FY2024-Q1Accelerating return to in-person events alongside global volatility risksAnnual report
「Regarding the business environment surrounding our Group, the return of the core events business, centered on in-person events, gained strength and showed significant growth. The online business remained weak against a backdrop including slower growth in the digital advertising market.」
While demand for in-person events recovered with increasing strength, the online business was weak due to slower growth in the digital advertising market. Across the external environment, uncertainty about the outlook due to global financial, geopolitical and supply-side volatility continued. - FY2023Continued impact of the infectious disease and signs of a recovery in in-person activityAnnual report
「In addition, as the spread of COVID-19 led to the cancellation or scaling back of operations, particularly in the in-person events sector, and changes in the balance of supply and demand for advertising among client companies due to the impact on the global economy, our Group continued to experience fewer orders and reduced scale in this area.」
While continuing to identify the cancellation and scaling back of in-person events and the resulting decline in orders as risks, the business environment also shows a return to in-person events and signs of a full-scale recovery. - FY2023-Q3Easing of the infectious disease impact and continued effects of global volatilityAnnual report
「During the cumulative first 3 quarters of the fiscal year, Japan's economy saw the impact of COVID-19 ease and socioeconomic activity normalize, while the effects of global volatility in financial, geopolitical and supply-side areas continued.」
The disclosure indicates that the impact of the infectious disease has eased and socioeconomic activity has normalized, while the effects of global financial, geopolitical and supply-side volatility continue. - FY2023-Q2WorsenedAnnual report
「During the cumulative second quarter under review, Japan's economy continued to recover moderately as the impact of COVID-19 eased and socioeconomic activity gradually recovered. However, it remained significantly affected by volatility in global financial, geopolitical and supply conditions, and uncertainty about the outlook continued.」
While noting that the impact of the infectious disease has eased and socioeconomic activity has recovered, the disclosure identifies financial, geopolitical and supply-side volatility as new uncertainties affecting the outlook. - FY2023-Q1Signs of recovery alongside new external uncertaintiesAnnual report
「During the cumulative first quarter under review, Japan's economy began to show signs of recovery as restrictions on activities were gradually eased, despite the impact of an increase in infections during the seventh wave of COVID-19. Meanwhile, the outlook remained uncertain due to the rapid depreciation of the yen resulting from monetary tightening mainly in the United States and Europe, the ongoing global semiconductor shortage, surging resource prices due to the prolonged situation in Ukraine and other factors.」
While indicating that the easing of activity restrictions had allowed economic activity to show signs of recovery, the company cited the rapid depreciation of the yen, the semiconductor supply shortage and surging resource prices due to the situation in Ukraine as factors contributing to uncertainty about the outlook. It also stated that there were no significant changes in the section on business and other risks. - FY2022RestatedAnnual report
「Although a temporary recovery trend was seen in the first half as the spread of infections subsided, in the second half the postponement or cancellation of scheduled projects due to the quasi-emergency measures implemented intermittently from January through 21 March 2022 continued to affect the recovery of large-scale events in the advertising market in which our group specializes.」
While recognizing a temporary recovery trend, the company continued to be affected by event postponements and cancellations due to infection-control measures, as well as their impact on the recovery of large-scale events. - FY2022-Q3WorsenedAnnual report
「In the live-events area, which had previously been our group's core business, the market environment showed some temporary signs of recovery as the spread of infections subsided. However, the subsequent spread of new variants and persistently high infection levels continued to affect the recovery of large-scale events in the advertising market in which our group specializes.」
While recognizing a temporary recovery trend, the company disclosed that the spread of new variants and persistently high infection levels continued to affect the recovery of large-scale events. - FY2022-Q2WorsenedAnnual report
「The market environment surrounding our group showed some temporary signs of recovery as the spread of infections subsided. However, amid the global spread of new variants, the impact of event cancellations and downsizing continued.」
While recognizing a temporary recovery trend as the spread of infections subsided, the company cited the global spread of new variants as a new factor and disclosed that the impact of event cancellations and downsizing continued. - FY2022-Q1Signs of recovery alongside continuing event-related impactsAnnual report
「Although the business areas in which the Group operates have begun to show signs of a gradual recovery, they continue to be affected by event cancellations and reductions in event scale.」
While signs of a moderate recovery began to emerge in the business areas, the company disclosed that the impact of event cancellations and downsizing continued. The risk also continued to materialize. - FY2021WorsenedAnnual report
「As the spread of COVID-19 led to the cancellation or downsizing of operations, particularly in the live-events field, and changes in the balance of advertising supply and demand among client companies due to the impact on the global economy, our group has continued to experience a decline in orders and downsizing in this field. As a result, it is difficult to accurately predict when a recovery will occur.」
The company explicitly states that the cancellation and downsizing of live events and the decline in orders have continued, making it difficult to predict the timing of recovery. It continues to disclose that the risk has actually materialized in orders and operations. - FY2021-Q3WorsenedAnnual report
「Our group has also been significantly affected by the market environment, including the postponement and downsizing of events, because the state of emergency reissued in January was extended through March in Tokyo and the 3 surrounding prefectures.」
Regarding the impact of COVID-19, the company disclosed that events had been postponed or downsized following the reissuance and extension of the state of emergency, and that the market environment continued to be significantly affected. - FY2021-Q2RestatedAnnual report
「Our group has also continued to be significantly affected by the market environment, including the ongoing voluntary suspension of projects due to the spread of COVID-19, as in the previous fiscal year.」
The voluntary suspension of projects and significant impact on event demand due to the spread of COVID-19 continued. The company stated that there were no significant changes in business and other risks. - FY2021-Q1WorsenedAnnual report
「Our group has also continued to be significantly affected by the market environment, including the ongoing voluntary suspension of projects due to the spread of COVID-19, as in the previous fiscal year.」
The impact of voluntary suspension of projects due to the spread of COVID-19 continued, with the company also disclosing significant effects from the voluntary suspension of live events and the postponement of the Olympic and Paralympic Games. - FY2020-Q3MaterialisedAnnual report
「The company will continue to closely monitor the impact of the spread of COVID-19 on its business.」
Regarding the previously disclosed risk of fluctuations in event demand due to social conditions and other factors, the company disclosed that cancellations and postponements of projects, as well as postponements of international events, had actually occurred as a result of the spread of COVID-19 and had affected the business. - FY2020-Q2RestatedAnnual report
「During the cumulative second quarter under review, Japan's economy continued to recover moderately overall, despite some weakness centered on external demand, supported by improvements in employment and income conditions. Meanwhile, uncertainty remained high in the global economy due to U.S. trade policy, the outlook for the Chinese economy, conditions in the Middle East and other factors, and the outlook for economic conditions remained uncertain.」
While recognizing Japan's moderate economic recovery, the company continued to disclose uncertainty in the global economy and an unclear outlook due to U.S. trade policy, the Chinese economy, conditions in the Middle East and other factors. - FY2020-Q1RestatedAnnual report
「During the cumulative first quarter under review, Japan's economy continued on a moderate recovery track, supported by improving employment and income conditions. However, the outlook remained uncertain amid concerns about the impact on the global economy of the prolonged trade friction between the United States and China, including a slowdown in the U.S. and Chinese economies.」
While recognizing the recovery in domestic economic conditions, the company continued to cite the prolonged trade friction between the United States and China and its impact on the global economy as factors contributing to uncertainty about the outlook. - FY2019RestatedAnnual report
「During the fiscal year under review, Japan's economy showed a moderate recovery overall, supported by continued improvement in employment and income conditions. However, the outlook remained uncertain due to uncertainty in overseas economies resulting from political factors in various countries, including trade friction between the United States and China.」
While recognizing the economic recovery, the company continued to disclose uncertainty about the outlook due to trade friction between the United States and China and uncertainty in overseas economies. - FY2019-Q3WorsenedAnnual report
「During the cumulative third quarter under review, Japan's economy continued on a moderate recovery track due to improvements in corporate performance and employment conditions. Meanwhile, the outlook remained uncertain due to the impact of trade friction stemming from U.S. trade policy, uncertainty in overseas political and economic developments including the UK's withdrawal from the EU, chronic labor shortages and other factors.」
In addition to the existing trade friction and geopolitical risks, the company cites the UK's withdrawal from the EU and chronic labor shortages as factors contributing to uncertainty and an unclear outlook. - FY2019-Q2RestatedAnnual report
「During the cumulative second quarter under review, Japan's economy continued on a moderate recovery track due to improvements in corporate performance and employment conditions. However, the outlook remained uncertain due to trade friction stemming from U.S. trade policy, geopolitical risks and other factors.」
While recognizing the economy's moderate recovery, the company continued to disclose uncertainty about the outlook due to trade friction stemming from U.S. trade policy and geopolitical risks. - FY2019-Q1RestatedAnnual report
「During the cumulative first quarter under review, Japan's economy continued to recover moderately, supported by improvements in corporate earnings and employment and income conditions. However, the outlook for economic conditions remained uncertain amid concerns that protectionist policies between the United States and China could stagnate the global economy.」
While recognizing the continuation of the economic recovery, the company disclosed concerns about global economic stagnation caused by protectionist policies between the United States and China, as well as uncertainty about the outlook. - FY2018-Q3RestatedAnnual report
「Meanwhile, uncertainty in the global economy remains high, owing to economic trends in emerging Asian countries, particularly China, and rising geopolitical risks involving neighbouring countries. The outlook for the domestic economy therefore remains uncertain, and the same applies to the advertising industry and the promotion business in which the Group operates.」
The company continues to indicate uncertainty about the outlook against a backdrop of uncertainty in the global economy and geopolitical risks. - FY2018-Q2RestatedAnnual report
「During the cumulative second quarter under review, Japan's economy was on a moderate recovery track, with continued improvement in corporate earnings and employment conditions and ongoing growth in capital investment. However, conditions remained uncertain amid concerns about the impact of unstable political developments overseas, increasing geopolitical risks and other factors.」
While recognizing the economy's moderate recovery, the company continued to disclose uncertainty about the outlook due to overseas political developments and geopolitical risks. - FY2018-Q1RestatedAnnual report
「Conditions remained uncertain amid concerns about the impact of unstable political developments overseas, increasing geopolitical risks and other factors.」
While there were signs of an economic recovery, the company continued to disclose uncertainty about the outlook due to overseas political developments and geopolitical risks. It stated that there were no significant changes in business and other risks. - FY2017RestatedAnnual report
「Events and sales promotions tend to be significantly affected by social conditions, including economic conditions and corporate performance, as well as natural disasters such as earthquakes.」
The risk of declining demand due to social conditions and natural disasters continues to be disclosed. - FY2017-Q3RestatedAnnual report
「Meanwhile, the outlook remained uncertain due to the slowdown in emerging Asian economies, particularly China, and increasing uncertainty under the new U.S. administration. The same trend was evident in the advertising industry in which our group operates.」
The company continued to apply its view of an uncertain outlook, resulting from the slowdown in emerging-market economies, particularly China, and uncertainty surrounding the new U.S. administration, to the advertising industry as well. - FY2017-Q2RestatedAnnual report
「Meanwhile, the outlook remained uncertain due to the slowdown in emerging Asian economies, particularly China, and increasing uncertainty under the new U.S. administration.」
The company continued to recognize an uncertain outlook, citing the slowdown in emerging-market economies, particularly China, and uncertainty surrounding the new U.S. administration. It also stated that there were no significant changes in the section on business and other risks. - FY2017-Q1WorsenedAnnual report
「Although economic conditions continued to recover moderately, the outlook remained uncertain due to an increase in downside risks to the global economy and other factors.」
The company explains that uncertainty about the outlook has increased due to heightened downside risks to the global economy. Meanwhile, it states that there were no significant changes in the section on business and other risks. - FY2016First statedAnnual report
「Events and sales promotions tend to be significantly affected by social conditions, including economic conditions and corporate performance, as well as natural disasters such as earthquakes.」
The risk that declining demand due to an economic downturn or natural disasters could affect business performance.