Business Impact of the Spread of COVID-19
First written in FY2020-Q3. 7 of 10 entries say "Restated". Latest entry: FY2023-Q2.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2023-Q2RestatedAnnual report
「Although it is difficult to predict how COVID-19 will spread in the future or when it will subside, the Company has made accounting estimates on the assumption that the impact will continue for a certain period during the fiscal year ending May 2023.」
The Company has maintained its assumption that the impact of COVID-19 will continue for a certain period during the fiscal year ending May 2023. - FY2022RestatedAnnual report
「However, if the impact of the spread of COVID-19 continues longer than anticipated, the Group's performance could be materially affected by lower revenue and reduced sales activities resulting from stagnation in corporate activity, as well as lower productivity.」
The Company continues to identify as a risk the impact of a prolonged COVID-19 impact on corporate activity, revenue, sales activities and productivity. - FY2022-Q3RestatedAnnual report
「Although it is difficult to predict how COVID-19 will spread in the future or when it will subside, the Company has made accounting estimates on the assumption that the impact will continue for a certain period during the fiscal year ending May 2022.」
The Company states that there has been no material change in its assumption that the impact of COVID-19 will continue for a certain period during the fiscal year ending May 2022. - FY2022-Q1RestatedAnnual report
「Although it is difficult to predict how COVID-19 will spread in the future or when it will subside, the Company has made accounting estimates on the assumption that the impact will continue for a certain period during the fiscal year ending May 2022.」
The Company has assumed that the impact of COVID-19 will continue for a certain period during the fiscal year ending May 2022, and continues to assume the risk that the impact may be prolonged. - FY2021RestatedAnnual report
「The business plan has been prepared on the assumption that the impact of some advertisers reducing their budgets in the internet advertising market will not recover in the short term. However, if the impact of the spread of COVID-19 continues longer than anticipated, the Group's performance could be materially affected by lower revenue and reduced sales activities resulting from further restraints on corporate activity, as well as lower productivity.」
The Company continues to identify as a risk the assumption that the effects of COVID-19, including advertising budget reductions, will not recover in the short term, and that they may continue longer than anticipated. - FY2021-Q3RestatedAnnual report
「Advertising expenditure in 2020 was affected by the slowdown in the Japanese economy resulting from COVID-19, declining to ¥6,159.4 billion, or 88.8% of the previous year. Internet advertising expenditure nevertheless grew to ¥2,229.0 billion, or 105.9% of the previous year, reaching a market scale comparable to that of the four traditional mass-media advertising channels.」
While the economic slowdown caused by COVID-19 continued to affect the advertising market, internet advertising expenditure reached 105.9% of the previous year. - FY2021-Q2RestatedAnnual report
「The deterioration in economic conditions caused by some customers refraining from advertising and reducing their advertising budgets amid the spread of COVID-19 has continued. From January to June 2020, more than 60% of companies reduced their internet advertising budgets, according to Cyber Communications Inc.」
The impact of COVID-19, including advertising cancellations and advertising budget reductions, has continued. The Company again reported the same deterioration in economic conditions described in the previous quarter. - FY2021-Q1WorsenedAnnual report
「The deterioration in economic conditions caused by some customers refraining from advertising and reducing their advertising budgets amid the spread of COVID-19 has continued. From January to June 2020, more than 60% of companies reduced their internet advertising budgets, according to Cyber Communications Inc.」
The impact of COVID-19, including advertising cancellations and advertising budget reductions, continued into the first quarter, and internet advertising budgets declined at more than 60% of companies. - FY2020MaterialisedAnnual report
「The business environment was particularly challenging during the fourth quarter of the consolidated fiscal period, due to the impact of some customers refraining from advertising and reducing their advertising budgets amid the spread of COVID-19.」
The spread of COVID-19 actually affected performance through advertising cancellations and budget reductions, lower advertising rates and lower profit. - FY2020-Q3First statedAnnual report
「We will continue to monitor the impact on our business of the spread of COVID-19, which originated in Wuhan, China, and became apparent from January 2020.」
The impact on the business of the spread of COVID-19 was first identified as a risk to be monitored going forward.