Impact of COVID-19 on Business Operations and Performance
First written in FY2020. 3 of 9 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
「In addition to the impact of COVID-19, competitors in the tutoring-school portal sector increased their advertising placements to acquire users, causing bidding competition for listing ads in the tutoring-school industry to intensify, and advertising unit prices remain elevated.」
The impact of COVID-19 and the rise in advertising unit prices caused by intensified advertising by competitors continued to be described as factors affecting the business environment, business operations and results. - FY2022WorsenedAnnual report
「Sales for the fiscal year were ¥3,955.996 million, a decrease of ¥312.391 million from the previous fiscal year. This was because 塾ナビ was affected mainly by the increase in the number of COVID-19 infections in the first half, and additionally by intensified advertising by competitors in the second half.」
The impact of the increase in COVID-19 infections emerged in the first half, while the impact of intensified advertising by competitors emerged in the second half, resulting in a ¥312.391 million year-on-year decrease in 塾ナビ sales. - FY2022-Q2WorsenedAnnual report
「During the six-month period ended [the current quarter], the Japanese economy remained in a difficult situation due to sluggish economic activity resulting from the spread of COVID-19. Although the difficult situation gradually eased following the lifting of the state of emergency and other measures, and signs of a recovery were expected, the situation required close monitoring of the renewed spread of infections, including those involving new variants. Subsequently, the areas subject to the priority preventive measures were expanded in stages, but the measures were fully lifted in March. Although signs of an economic recovery emerged, the impact of fluctuations in financial and capital markets, including geopolitical risks arising from the situation in Eastern Europe, on the domestic economy remains uncertain and requires continued monitoring.」
In addition to the economic slowdown caused by the spread of COVID-19 and concerns over a renewed spread driven by variants, the filing stated that the impact of geopolitical risks, including the situation in Eastern Europe, on the domestic economy was uncertain. - FY2022-Q1WorsenedAnnual report
「In addition, the economy remained in a difficult situation due to sluggish economic activity resulting from the spread of COVID-19. Although the difficult situation gradually eased following the lifting of the state of emergency and other measures, and signs of a recovery were expected, the situation required close monitoring of the renewed spread of infections, including those involving new variants.」
As the economic slowdown caused by the spread of COVID-19 continued, the description of the risks to business operations and results was updated from expectations of a recovery to concerns over a renewed spread of infection. - FY2021RestatedAnnual report
「The provision of the company's services and other business operations may be affected by the spread or prevention of infection, including requests for people to refrain from going out, business closures, and infections among the company's personnel, which may affect the company's operating results and other aspects of its performance.」
The risk of impacts on service provision, business operations and results from the spread of infection, requests to refrain from going out, business closures and in-house infections was reiterated. - FY2021-Q3RestatedAnnual report
「The company has not experienced any significant impact from COVID-19 on its financial position or operating results. Accordingly, the company believes that COVID-19 has had no significant impact on accounting estimates, including impairment of fixed assets and the recoverability of deferred tax assets. However, depending on developments in the future, it may affect the company's financial position and operating results.」
As of the third quarter, the assessment that COVID-19 had not had a significant impact on the company's financial position or operating results was reiterated, while the company stated that the possibility of an impact in the future remained. - FY2021-Q2Assessment that there were no significant accounting impacts at this timeAnnual report
「The company has not experienced any significant impact from COVID-19 on its financial position or operating results. Accordingly, the company believes that COVID-19 has had no significant impact on accounting estimates, including impairment of fixed assets and the recoverability of deferred tax assets. However, depending on developments in the future, it may affect the company's financial position and operating results.」
As of the second quarter, the assessment that COVID-19 had not had a significant impact on the company's financial position or operating results was reiterated, while the company stated that the possibility of an impact in the future remained. - FY2021-Q1Assessment that there were no significant accounting impacts at this timeAnnual report
「The company has not experienced any significant impact from COVID-19 on its financial position or operating results. Accordingly, the company believes that COVID-19 has had no significant impact on accounting estimates, including impairment of fixed assets and the recoverability of deferred tax assets. However, depending on developments in the future, it may affect the company's financial position and operating results.」
As of the first quarter, the company assessed that COVID-19 had not had a significant impact on its financial position or operating results, while stating that the possibility of an impact in the future remained. - FY2020First statedAnnual report
「The provision of the company's services and other business operations may be affected by the spread or prevention of infection, including requests for people to refrain from going out, business closures, and infections among the company's personnel, which may affect the company's operating results and other aspects of its performance.」
Separate from 株式会社センジュ's own decline in sales and impairment loss, the effects of the spread of infection, requests to refrain from going out, business closures and in-house infections on the provision of its services, business operations and results were newly identified as significant risks. The filing also disclosed that sales for the fiscal year decreased 11.9% from the previous fiscal year.