Risk of Declining Reservations and Contracts Due to COVID-19 Outbreaks
First written in FY2022. 3 of 6 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2020: 8 of 15 companies on the "Worse" side.
1 other company's latest entry also says "Dropped".
- FY2024DroppedAnnual report
「In the fiscal year ended October 2024, the impact can be said to have recovered to a considerable extent, but the accommodation market may still be affected by various factors other than COVID-19.」
The previously separate risk of declining reservations and contracts due to COVID-19 was no longer presented as a standalone item and was integrated into the accommodation-market risk discussion. - FY2024-Q2RestatedAnnual report
「During the cumulative second-quarter consolidated period, there were no significant changes in the matters described in the quarterly report concerning business conditions and financial information that could materially affect investors’ decisions, or in the business risks described in the securities report for the previous fiscal year.」
The company stated that there had been no significant change in business risks from the previous fiscal year. - FY2023SoftenedAnnual report
「COVID-19 was reclassified as a Category 5 disease under the Infectious Diseases Control Law, and social activity is returning to normal. Accordingly, we expect the possibility of these risks materializing due to the spread of COVID-19 or a new infectious disease to be low.」
Against the backdrop of the Category 5 reclassification and normalization of social activity, the company assessed the possibility of business-impacting fluctuations caused by infectious disease outbreaks as low. - FY2023-Q2RestatedAnnual report
「During the cumulative second-quarter period, there were no significant changes in the matters described in the quarterly report concerning business conditions and financial information that could materially affect investors’ decisions, or in the business risks described in the securities report for the previous fiscal year.」
The company stated that there had been no significant change in business risks from the previous fiscal year. - FY2023-Q1RestatedAnnual report
「Although the spread of COVID-19 continued, economic activity began to recover.」
The disclosure mentions both the continued spread of COVID-19 and the recovery in economic activity. The company stated that there had been no significant change in business risks from the previous fiscal year. - FY2022First statedAnnual report
「If infections spread again, our business and results could be affected by declines in usage-based operating revenue linked to reservation volumes, slower acquisition of new contracts, and declines in the number of contracts due to closures and other factors. The timing of the end of COVID-19 remains uncertain, making it difficult to quantify the risk at present.」
Accommodation demand declined during previous outbreaks, while the company described a recovery trend in the fiscal year ended October 2022.