Decline in rental greenery demand due to an economic downturn
First written in FY2016. 8 of 18 entries say "Restated". Latest entry: FY2025.
Universal Engeisha moved to the "Worse" side of this theme in 2020.
3 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「If new contracts for rental greenery decline because of an economic downturn, or if demand declines because companies cut expenses due to bankruptcy or suspension of operations, the group's operating performance and financial position may be affected.」
The company continues to disclose the risk of declining rental greenery demand due to an economic downturn, corporate bankruptcies, business suspensions and expense reductions. - FY2024-Q3RestatedAnnual report
「During the nine-month period ended the third quarter, there were no occurrences among matters concerning the business and financial conditions described in this quarterly report that could materially affect investors’ decisions, and no material changes to the “business and other risks” described in the annual securities report for the previous fiscal year.」
The company states that there were no significant changes to business and other risks, including the impact of economic conditions and infectious diseases on rental greenery demand. - FY2023-Q3RestatedAnnual report
「During the nine-month period ended the third quarter, there were no occurrences among matters concerning the business and financial conditions described in this quarterly report that could materially affect investors’ decisions, and no material changes to the “business and other risks” described in the annual securities report for the previous fiscal year.」
The company states that there were no significant changes to business and other risks. Existing risks, including the impact of economic conditions and infectious diseases on rental greenery demand, continue. - FY2023-Q2RestatedAnnual report
「Although Japan's economy during the six months ended the second quarter remained uncertain due to rising resource prices, the rapid depreciation of the yen and the resurgence of COVID-19, domestic economic activity was gradually recovering.」
The company states that there were no significant changes to the risk items themselves, while continuing to indicate uncertainty about the outlook due to resource prices, yen depreciation and the resurgence of COVID-19. - FY2023-Q1MitigatedAnnual report
「While restrictions on activities related to COVID-19 were eased and social and economic activity gradually resumed despite the impact of the spread of COVID-19, the outlook remains uncertain due to rising resource and energy prices affected by the prolonged situation in Ukraine and the rapid depreciation of the yen.」
The easing of activity restrictions and resumption of social and economic activity are disclosed, indicating that some of the previously cited factors behind the decline in demand caused by the COVID-19 pandemic have eased. Meanwhile, uncertainty remains due to higher resource and energy prices and yen depreciation. - FY2022-Q3RestatedAnnual report
「In the green business, rental greenery sales performed steadily, resulting in higher sales and profit.」
The company states that sales of rental greenery, which had been sluggish, are performing steadily, continuing the recovery and easing of impacts seen through the previous quarter. - FY2022-Q2MitigatedAnnual report
「Sales of rental greenery, which had been sluggish because customers reduced office space or closed stores amid the COVID-19 pandemic, performed in line with the target.」
The company states that rental greenery sales, which had been sluggish because of office downsizing and store closures amid the COVID-19 pandemic, performed in line with the target. At the same time, it states that the outlook remains uncertain because of the spread of a new variant. - FY2022-Q1MitigatedAnnual report
「Contracts for rental greenery, whose sales had been sluggish because customers reduced office space or closed stores amid the COVID-19 pandemic, showed signs of recovery.」
The company states that contracts recovered in relation to the decline in rental greenery demand caused by office downsizing and store closures amid the COVID-19 pandemic. It does not state that the risk had been eliminated. - FY2021MaterialisedAnnual report
「In the green business, sales and profit declined as customers reduced office space or closed stores amid the COVID-19 pandemic, resulting in rental greenery contract cancellations and revisions to contract terms. As a result, segment sales were ¥6,209.878 million, down 3.9% year on year, and operating profit was ¥906.216 million, down 16.3%.」
The decline in rental greenery demand due to economic conditions and infectious diseases materialized over the full fiscal year and was reflected in lower sales and profit. - FY2021-Q3MaterialisedAnnual report
「In the green business, both domestic and overseas operations reported lower revenue and profit due to cancellations and revisions to rental greenery contracts following customers’ office reductions and closures caused by the COVID-19 pandemic. As a result, segment revenue was ¥4,651,078 thousand, down 7.4% year on year, and operating profit was ¥731,996 thousand, down 19.4%.」
The decline in demand caused by office downsizing, store closures and other factors related to the COVID-19 pandemic continued to materialize in both Japan and overseas, resulting in lower sales and profit in the green business. - FY2021-Q2WorsenedAnnual report
「In the green business, both domestic and overseas operations reported lower revenue and profit due to cancellations and revisions to rental greenery contracts following customers’ office reductions and closures caused by the COVID-19 pandemic. As a result, segment revenue was ¥2,994,809 thousand, down 7.4% year on year, and operating profit was ¥418,155 thousand, down 10.5%.」
The decline in rental greenery demand caused by the COVID-19 pandemic materialized in both Japan and overseas and was reflected in lower sales and profit in the green business. - FY2021-Q1MaterialisedAnnual report
「Rental greenery sales in Japan declined slightly as the COVID-19 pandemic led customers to reduce office space or close stores, resulting in contract cancellations and revisions to contract terms, while overseas operations experienced a severe economic downturn due to lockdowns and other factors.」
Risks related to infectious diseases and an economic downturn, previously disclosed as possibilities, materialized through customers reducing office space or closing stores, rental contract cancellations and the impact of overseas lockdowns. Green business sales declined 8.7% year on year. - FY2020-Q3WorsenedAnnual report
「The spread of COVID-19 may affect the group's business activities depending on how the situation develops.」
The company explicitly states that the spread of COVID-19 may affect business activities. The main text also states that the spread of the infection caused consumer demand to decline rapidly and made the economic outlook uncertain. - FY2020-Q2WorsenedAnnual report
「The economic outlook remains uncertain due to overseas conditions, including the prolonged US-China trade friction, and disruptions caused by the coronavirus.」
In addition to the previously stated uncertainty about the economic outlook, the company identifies the prolonged US-China trade friction and coronavirus-related disruptions as factors contributing to uncertainty. It does not state the actual impact of these risks on operating performance. - FY2020-Q1RestatedAnnual report
「The outlook for the economy remains uncertain, amid concerns about a decline in domestic consumption following the consumption tax rate increase and uncertainty surrounding overseas conditions.」
The company identifies concerns about a decline in domestic consumption following the consumption tax rate increase and uncertainty surrounding overseas conditions as economic concerns. - FY2019RestatedAnnual report
「If new contracts for rental greenery decline because of an economic downturn, or if demand declines because companies go bankrupt or cut expenses, the group's operating performance and financial condition may be affected.」
The company continues to disclose the risk of declining rental greenery demand due to an economic downturn, customer-company bankruptcies and expense reductions. - FY2017RestatedAnnual report
「However, if new contracts for rental greenery decline because of an economic downturn, or if demand declines because companies go bankrupt or cut expenses, the group's operating performance and financial condition may be affected.」
The company continues to disclose the risk of declining rental greenery demand due to an economic downturn, customer-company bankruptcies and expense reductions. - FY2016First statedAnnual report
「However, if new contracts for rental greenery decline because of an economic downturn, or if demand declines because companies go bankrupt or cut expenses, the group's operating performance and financial condition may be affected.」
The company identifies an economic downturn, corporate bankruptcies and expense reductions by customer companies as factors contributing to lower demand.