Risk of declining hiring demand and business performance due to COVID-19
First written in FY2020. 2 of 7 entries say "Materialised", first in FY2021-Q1. Latest entry: FY2023.
The whole theme swung hardest in 2024: 1 of 6 companies on the "Worse" side.
2 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「However, if, due to mutations of COVID-19 or other factors, the situation in Japan and major overseas countries were to develop into one in which the spread of infection continued again for an extended period, the impact on the economy would become more serious and could affect the Group’s business performance.」
The risk of economic and business-performance impacts from a renewed spread of COVID-19 continues to be disclosed. - FY2022-Q3MitigatedAnnual report
「In Japan, in addition to the high-level talent for which recruitment demand had already begun to recover, recruitment demand for people without experience in the relevant industries or occupations also began to expand following the lifting of the state of emergency. As a result, revenue increased, mainly from domestic job sites.」
Recruitment demand, which had declined with the spread of COVID-19, showed signs of recovery and expansion after the state of emergency was lifted, and revenue growth also resumed. - FY2022-Q2MitigatedAnnual report
「Revenue increased as the recovery in hiring demand continued.」
As recruitment demand continued to recover from the decline caused by COVID-19, consolidated revenue growth resumed. - FY2021-Q3COVID-19 impact continued, but quarterly performance improvedAnnual report
「Revenue declined 25.7% year on year to ¥31,116 million, mainly because customer companies reduced or postponed hiring due to the novel coronavirus. However, compared with the situation following the declaration of a state of emergency in April of the previous year, customer companies were beginning to establish clearer business performance and outlooks, leading to renewed hiring activity for the following fiscal year and beyond. Quarterly revenue continued to improve from its trough in the first quarter.」
While lower recruitment demand and suspended recruitment due to COVID-19 continued to weigh on revenue through the cumulative third quarter, signs of recovery emerged in client companies’ recruitment activities, and quarterly revenue improved from its first-quarter trough. - FY2021-Q2MaterialisedAnnual report
「Revenue declined year on year, mainly because client companies reduced recruitment demand or suspended recruitment activities due to COVID-19. In domestic staffing services, the decline was larger in April–June for listing-fee services, for which the period from order placement to revenue recognition is short, and in July–September for success-fee services, for which a certain period is required from placement to revenue recognition.」
The decline in revenue resulting from lower recruitment demand and suspended recruitment due to COVID-19 continued through the cumulative second quarter. The impact was greatest from April to June for listing-fee services and from July to September for success-fee services. - FY2021-Q1MaterialisedAnnual report
「Revenue declined mainly because customer companies reduced or suspended recruitment in response to the spread of COVID-19.」
The risk of lower recruitment demand and weaker business performance due to COVID-19 materialized in first-quarter results as a 24.1% decline in consolidated revenue and a 57.0% decline in operating profit. - FY2020First statedAnnual report
「In the short term, the Group’s business performance is expected to be significantly affected by the suspension of economic activity due to COVID-19, weaker performance at client companies, an economic downturn, and stagnation in recruitment activities.」
The spread of COVID-19 was identified explicitly as a standalone material risk for the first time. Although the impact on the fiscal year ending March 2020 was described as limited, a significant short-term impact on recruitment demand and business performance was expected.