Impact of COVID-19 on Sales Activities and Business Performance
First written in FY2020. 2 of 6 entries say "Restated". Latest entry: FY2022.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2022RestatedAnnual report
「Our Group currently believes that COVID-19 is not having a material impact. However, because the effects of COVID-19 involve many uncertainties, the Group’s financial position and operating results in the following consolidated fiscal year may be affected.」
The assessment that there is no material impact at present has been maintained, while the possibility of an impact in the following fiscal year continues to be recognized. - FY2021MitigatedAnnual report
「Our Group currently believes that COVID-19 is not having a material impact. However, because the effects of COVID-19 involve many uncertainties, the Group’s financial position and operating results in the following consolidated fiscal year may be affected.」
The assessment that COVID-19 is not having a material impact at present has changed, while the possibility of an impact in the following fiscal year continues to be recognized. - FY2021-Q3Resumption of Engagement Activities and Emergence of ESG DemandAnnual report
「Meanwhile, in the development of SR (institutional shareholder relations) consulting for listed companies, some overseas institutional shareholders temporarily suspended engagement activities as a result of the COVID-19 pandemic, amid a more relaxed mood regarding voting decisions, including the continuation of exemptions from ROE standards. This also resulted in a reduced sense of urgency regarding companies’ SR activities. However, engagement activities have now resumed, and interest in ESG has also been rising sharply worldwide, creating a growing need for new SR activities among listed companies.」
While relaxed voting judgments and temporary suspensions of engagement activities due to the COVID-19 pandemic continued, the resumption of engagement activities and the worldwide increase in interest in ESG were reported. - FY2021-Q2RestatedAnnual report
「Although listed companies have been less pressed to engage in SR (institutional shareholder relations) because of the trend toward relaxed voting requirements amid the COVID-19 pandemic,」
The temporary relaxation of voting standards and the slowdown in demand for SR associated with COVID-19 continued to be reported during the quarter. - FY2021-Q1MaterialisedAnnual report
「Because the SR front-office division, which serves as the point of contact with listed-company clients, was moved to remote work from home from early April, when the state of emergency was initially declared, the loss of opportunities to make timely proposals to clients resulted in a low rate of revenue growth during the cumulative first quarter of the consolidated fiscal year.」
It is stated that the shift to remote work associated with COVID-19 resulted in lost opportunities to make proposals to clients and slower revenue growth. - FY2020First statedAnnual report
「Within our Group, some sales activities have begun to be disrupted by requests to companies and consumers to refrain from activities to prevent the spread of COVID-19. We believe that if this emergency is brought under control at an early stage, its impact on operating results will not be particularly significant. However, if it continues for an extended period, operating results may be affected by delays in new sales activities and cancellations due to poor performance by existing customers. In addition, if the occurrence of infections or serious cases within the Group forces us to suspend business activities, operating results will be affected.」
The Company stated that some sales activities had already begun to be disrupted by COVID-19, identifying the potential impact on operating results from a prolonged outbreak, delays in new sales activities, customer cancellations and the suspension of business activities as new risks.