Impact of COVID-19 on the Domestic and Overseas Economies
First written in FY2020-Q2. 6 of 15 entries say "Materialised", first in FY2020-Q3. Latest entry: FY2024.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2024MitigatedAnnual report
「At present, Japan's social and economic activity is returning to normal as restrictions on activities related to COVID-19 have been eased, but concerns remain over a renewed spread of infection from new variants and the emergence of new infectious diseases.」
While recognizing that social and economic activity has normalized following the easing of restrictions on activities, the Group continues to disclose the risk of a renewed spread of new variants and infectious diseases. - FY2024-Q1MitigatedAnnual report
「During the Group's green season, it welcomed large numbers of customers at each resort as it entered its first summer since COVID-19 subsided and the classification was lowered to Category 5, supported also by the impact of large-scale advertising conducted mainly in metropolitan areas before the summer holidays.」
This was the first summer since the pandemic subsided and COVID-19 was reclassified as Category 5, further easing the business environment from the period of activity restrictions. Large-scale advertising also contributed, and the resorts saw large numbers of visitors. - FY2023MitigatedAnnual report
「The Group will seek to capture additional outdoor demand through workations and glamping, develop the domestic market through children's programs and the conversion of winter resorts into snow-themed parks, and revitalize the resort industry through consulting and operational support for ski resorts outside the Group, among other initiatives.」
On the premise that travel restrictions would be eased after the pandemic, the Group stated its policy of promoting demand recovery and capturing new demand through workations, glamping, children's programs, snow-themed parks, and support for businesses outside the Group. - FY2023-Q2MitigatedAnnual report
「The first summer without restrictions on activities since the spread of COVID-19 began brought large numbers of customers to each resort, including during the peak Obon holiday period.」
It was a summer without restrictions on activities, and green-season visitor numbers recovered. Although operating constraints related to COVID-19 remained, the business environment eased from the restrictions in place through the previous year. - FY2022MitigatedAnnual report
「Based on multiple external sources, including the spread of COVID-19 and vaccination rates, the Group prepared its earnings forecast on the assumption that it would recover from the impact of COVID-19 over approximately 1 year, from the end of the current fiscal year through the end of July 2023.」
The assumed recovery period from the impact of COVID-19 was set at approximately 1 year, from the end of the current fiscal year through the end of July 2023. This shortened the recovery period from the previous assumption of approximately 2 years. - FY2022-Q3MitigatedAnnual report
「As the Omicron variant of COVID-19 spread from mid-January through late February, there were particularly many cancellations by school groups and a decline in bus-tour visitors during that period. Thereafter, tourism demand gradually recovered, and the recovery trend became increasingly clear, with domestic visitor numbers in March exceeding those in March 2019, before the pandemic.」
While the Omicron variant led to cancellations by school groups and a decline in bus-tour visitors, tourism demand recovered from late February onward, and domestic visitor numbers in March exceeded those in March 2019. The potential for a material impact if the spread of infection continues remains disclosed. - FY2022-Q2MaterialisedAnnual report
「As the Omicron variant of COVID-19 spread from mid-January, there were cancellations by school groups and a decline in bus-tour visitors. However, compared with the previous year, the decline in customers staying overnight and family customers, who were heavily affected last year, was limited, and」
The spread of the Omicron variant resulted in cancellations by school groups and a decline in bus-tour visitors. Meanwhile, its impact on overnight guests and families was more limited than in the previous year. - FY2021WorsenedAnnual report
「Based on multiple external sources, including the spread of COVID-19 and vaccination rates, the Group extended its assumed time to recovery by 1 year and prepared its earnings forecast on the assumption that it would recover from the impact of COVID-19 over approximately 2 years, from the end of the current fiscal year through the end of July 2023.」
The assumed recovery period from the impact of COVID-19 was extended by 1 year from the previous assumption, changing to a premise of recovery over approximately 2 years through the end of July 2023. - FY2021-Q3WorsenedAnnual report
「However, if the spread of infection continues, and prolonged travel restrictions and a sharp decline in tourist numbers due to sluggish personal consumption persist, the Group's operating results and financial position may be materially affected.」
The risk that continued infection, travel restrictions, and a decline in tourist numbers due to sluggish personal consumption could have a material impact on operating results and financial position was additionally disclosed. In actual results, winter visitor numbers fell to 950 thousand, or 64.9% of the year-earlier period, due to the state of emergency. - FY2021-Q2MaterialisedAnnual report
「However, amid the renewed spread of the virus from late December, requests to refrain from nonessential outings, the temporary suspension of Go To Travel, and the state of emergency declared in early January 2021 led to a sharp decline in visitors, particularly to ski resort areas with accommodation facilities. Most group trips and bus tours were also canceled, and combined visitor numbers in December and January were 423 thousand, or 61.2% of the year-earlier period.」
The renewed spread of COVID-19, calls to refrain from going out, the suspension of Go To Travel, and the state of emergency caused a sharp decline in visitors to areas with accommodation facilities, while most group trips and bus tours were canceled. - FY2021-Q1MaterialisedAnnual report
「Although it is difficult to forecast when the impact of COVID-19 will subside, the Group has prepared its accounting estimates on the assumption, based on information from multiple external sources, that it will recover from the impact over approximately 2 years, from the end of July 2020 through the fiscal year ending July 2022. The impact of COVID-19 involves considerable uncertainty and may affect the Group's financial position and operating results depending on future developments.」
The Group continues to prepare its accounting estimates using the assumption that it will recover over approximately 2 years, from the end of July 2020 through the fiscal year ending July 2022, on the premise that the impact of COVID-19 will continue. - FY2020MaterialisedAnnual report
「Although it is difficult to forecast when the impact of COVID-19 will subside, the Group has prepared its accounting estimates on the assumption, based on information from multiple external sources, that it will recover from the impact over approximately 2 years, from the end of the current fiscal year through the fiscal year ending July 2022.」
The impact of COVID-19 affected the accounting estimates for suspended operations, lower visitor numbers, early closures, impairment testing, and the recoverability of deferred tax assets. The assumption was that the impact would continue from the end of the current fiscal year through the fiscal year ending July 2022. - FY2020-Q3MaterialisedAnnual report
「The green-season business normally resumes from late April, but this fiscal year operations at the main facilities have been suspended due to the spread of COVID-19.」
The impact of COVID-19 materialized as the suspension of green-season operations from late April 2020. - FY2020-Q3MaterialisedAnnual report
「However, from the first half of March 2020, the spread of COVID-19 caused a decline in group customers and the cancellation of events. Following the state of emergency declared on 7 April 2020 for Tokyo and 6 other prefectures, the ski resorts that were open were closed early in succession.」
The impact of COVID-19 materialized in cancellations by group customers and bus tours, event cancellations, a decline in general customers, the early closure of ski resorts, and the suspension of operations at green-season facilities. - FY2020-Q2First statedAnnual report
「Meanwhile, close attention is required regarding developments surrounding trade issues, the outlook for the Chinese economy, and the impact of COVID-19 on domestic and overseas economies.」
The impact of COVID-19 on domestic and overseas economies was first disclosed as an external risk requiring attention. The filing did not specify the impact on the Group or quantify its amount.