Impact of COVID-19 on Businesses and Advertising Demand
First written in FY2020-Q3. 5 of 11 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2025: 1 of 7 companies on the "Worse" side.
5 other companies' latest entry also says "Mitigated".
- FY2024MitigatedAnnual report
「As socioeconomic activity moves toward normalization following the reclassification of COVID-19 as a Category 5 disease under the Infectious Diseases Control Law, including the revitalization of physical events, the company will capture changes in the needs of businesses and individuals during this period of transformation, shift and expand its priorities in existing group businesses, and develop new services.」
The company outlined its response to the business environment on the assumption of the Category 5 reclassification and normalization of socioeconomic activity, shifting its explanation from a focus on the impact of COVID-19 to the response to normalization. - FY2023MitigatedAnnual report
「Although the impact of COVID-19 remains, as socioeconomic activity moves toward normalization following the reclassification of COVID-19 as a Category 5 disease under the Infectious Diseases Control Law, the company will capture changes in the needs of businesses and individuals during this period of transformation, shift and expand its priorities in existing group businesses, and develop new services.」
Although the impact of COVID-19 remains, the company's explanation shifted toward operating its businesses on the assumption of the Category 5 reclassification and normalization of socioeconomic activity. - FY2022-Q3MitigatedAnnual report
「In the CP business, the negative impact of COVID-19 remained minor, advertising demand remained stable, and the other businesses also performed generally well.」
The company explained that the impact of COVID-19 was limited and advertising demand remained stable. - FY2022-Q2RestatedAnnual report
「During the first quarter of the current consolidated fiscal year (July to September 2021), the impact of COVID-19 continued, including the declaration of a state of emergency, but advertising demand remained relatively stable.」
The company continued to explain that although the impact of COVID-19 continued, advertising demand remained relatively stable. - FY2022-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year (July to September 2021), the impact of COVID-19 continued, including the declaration of a state of emergency, but advertising demand remained relatively stable.」
The company explained that although the impact of COVID-19 continued, advertising demand remained relatively stable during the first quarter. - FY2021RestatedAnnual report
「Our group is working to continue its business activities and minimize the impact on performance while ensuring the safety of employees and related parties by establishing a work-from-home structure. We are also pursuing new initiatives in anticipation of changes in the business environment. However, if the effects of recurring waves of infection continue, they may affect the group's operating results and financial position.」
While pursuing business continuity through measures including working from home, the company continued to disclose the potential impact on performance and financial position if recurring waves of infection persist. - FY2021-Q3MitigatedAnnual report
「During the third quarter of the current consolidated fiscal year, from January to March 2021, the impact of COVID-19 was limited, and advertising demand began to recover toward March 2021.」
Compared with the situation through the previous quarter, when advertising demand had not recovered sufficiently, the impact of COVID-19 was limited during the third-quarter accounting period and advertising demand was described as being on a recovery trend. - FY2021-Q2RestatedAnnual report
「During the second quarter of the current consolidated fiscal year, from October to December 2020, advertising demand still had not recovered sufficiently, owing in part to the impact of COVID-19 and other factors.」
The impact of COVID-19 on advertising demand continued during the second quarter. - FY2021-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year (July to September 2020), advertising demand still did not recover sufficiently due to the impact of COVID-19, including the cancellation or downsizing of physical events and the contraction in consumer sentiment caused by calls to refrain from going out.」
The company stated that the impact of COVID-19 on advertising demand continued during the first quarter. - FY2020WorsenedAnnual report
「Our group is working to continue its business activities and minimize the impact on performance while ensuring the safety of employees and related parties by establishing a work-from-home structure. We are also pursuing new initiatives in anticipation of changes in the business environment. However, if the effects of recurring waves of infection continue, they may affect the group's operating results and financial position.」
COVID-19 was identified as a major risk, and the potential impact on operating results and financial position if recurring waves of infection continue was explicitly stated. - FY2020-Q3First statedAnnual report
「As the spread of COVID-19 began to have a major impact on the economy, society and daily life, our group took steps including transitioning, in principle, to a company-wide work-from-home structure to prevent the spread of infection and ensure the safety of employees and other related parties. As a result, business operations have not been materially disrupted at this time. However, signs have emerged of a decline in advertising demand due to the postponement or cancellation of physical trade shows and events accompanying the spread of COVID-19, as well as the continued restraint of consumer spending resulting from calls to refrain from going out. These effects on the business environment became more pronounced, particularly after the state of emergency was declared in April, and may affect the group's business performance. We will therefore continue to closely monitor the impact of COVID-19 on the business.」
The company disclosed COVID-19 as a new business risk, citing the postponement or cancellation of trade shows and events, restrained consumption due to calls to refrain from going out, a downward trend in advertising demand, and some impact during the third quarter.