Risk of operating restrictions and event cancellations due to COVID-19
First written in FY2020. 7 of 14 entries say "Materialised", first in FY2020. Latest entry: FY2025.
4 other companies' latest entry also says "Mitigated".
- FY2025MitigatedAnnual report
「With COVID-19 reclassified as a Category V infectious disease in 2023, restrictions on activities were lifted and opportunities to wear kimono are gradually increasing.」
The transition of COVID-19 to Category V and the lifting of activity restrictions were noted, and the impact of operating restrictions and event cancellations due to the pandemic has continued to ease compared with before. - FY2024-Q1MitigatedAnnual report
「During the three months ended 30 June 2023 (from 1 April 2023 to 30 June 2023), domestic consumption activity in Japan showed signs of recovery as restrictions on activities related to COVID-19 were eased.」
Restrictions related to COVID-19 were eased, and domestic consumption activity began to recover. It was noted that the impact of domestic operating restrictions and event cancellations had eased from the previous fiscal year. - FY2023MaterialisedAnnual report
「At the Chinese subsidiary in Shanghai, weddings could not be booked or held from April through June 2022 because the Shanghai municipal government imposed a lockdown for approximately 2 months from 28 March 2022 as the spread of COVID-19 intensified.」
While restrictions on activities in Japan were eased, the Shanghai municipal government's lockdown resulted in the Chinese subsidiary being unable to book or hold weddings for approximately 2 months. - FY2023-Q2MaterialisedAnnual report
「At the Chinese subsidiary in Shanghai, weddings could not be booked or held from April through June 2022 because the Shanghai municipal government imposed a lockdown for approximately 2 months from 28 March 2022 as the spread of COVID-19 intensified.」
Regarding the risk of operating restrictions due to COVID-19, the Shanghai municipal government's lockdown resulted in the Chinese subsidiary being unable to book or hold weddings from April through June 2022. In Japan, meanwhile, restrictions were lifted and business activity recovered. - FY2023-Q1MitigatedAnnual report
「During the three months ended 30 June of the current fiscal year, the Japanese economy showed signs of recovery as restrictions on economic activity were gradually eased through efforts to prevent the spread of COVID-19 and progress on third vaccine doses.」
Restrictions on economic activity were gradually eased as vaccinations progressed, events in the traditional kimono business were held without various restrictions, and visitor numbers, orders, and wedding ceremonies in the wedding business recovered. The impact of operating restrictions and event cancellations due to the pandemic has eased from the previous fiscal year. - FY2022MitigatedAnnual report
「Although orders and wedding ceremonies were affected by repeated declarations of a state of emergency and the application of priority preventive measures, the number of ceremonies held was recovering. Revenue from the wedding business for the current consolidated fiscal year was ¥4,210.718 million, and segment profit was ¥149.173 million.」
Although the effects of state of emergency declarations and other measures on orders and wedding ceremonies remained, the number of ceremonies held began to recover, and the wedding business improved from a segment loss in the previous fiscal year to segment profit in the current fiscal year. - FY2022-Q3MitigatedAnnual report
「Although orders and wedding ceremonies were affected by repeated declarations of a state of emergency and the application of priority preventive measures, the effects of COVID-19 eased compared with the same quarter of the previous year. Revenue for the nine months ended 31 December of the current fiscal year was ¥3,134.196 million, up 96.4% year on year, and segment profit was ¥95.750 million, an improvement of ¥1,107.319 million year on year.」
Although the effects of state of emergency declarations and other measures on orders and wedding ceremonies remained, the effects of COVID-19 eased year on year. Wedding business revenue increased 96.4%, and segment profit improved by ¥1,107.319 million. - FY2022-Q2MitigatedAnnual report
「Although the Company was affected by repeated declarations of a state of emergency and the application of priority preventive measures, the effects of COVID-19 eased compared with the same quarter of the previous year. Revenue for the six months ended 30 September of the current fiscal year was ¥1,861.997 million, up 230.3% year on year. The segment loss was ¥95.334 million, an improvement of ¥938.100 million from the same quarter of the previous year.」
Although the impact of the state of emergency declarations and other measures remained, the effects of the pandemic eased year on year, with wedding business revenue up 230.3% and the segment loss improving by ¥938.100 million. - FY2022-Q1MitigatedAnnual report
「Although the third declaration of a state of emergency in the Nagoya area had an impact, the effects of COVID-19 eased compared with the same quarter of the previous year, and revenue for the three months ended 30 June of the current fiscal year was ¥995.141 million, up 627.9% year on year.」
Although the impact of the state of emergency declaration continued, the effects of the pandemic eased compared with the same quarter of the previous year, and wedding business revenue increased 627.9%. - FY2021MaterialisedAnnual report
「Due to the postponement and cancellation of weddings and other measures taken to prevent the spread of COVID-19, revenue from the wedding business for the current consolidated fiscal year was ¥2,455.553 million, down 47.7% year on year, and the segment loss was ¥1,089.269 million.」
The risk of operating restrictions and event cancellations due to the pandemic was reflected in full-year results as the postponement and cancellation of weddings, a 47.7% decline in wedding business revenue, and a segment loss. - FY2021-Q3MaterialisedAnnual report
「Due to the postponement and cancellation of weddings and other measures taken to prevent the spread of COVID-19, revenue from the wedding business during the nine months ended 31 December of the current fiscal year was ¥1,595.604 million, down 57.1% year on year, and the segment loss was ¥1,011.569 million.」
The risk of operating restrictions and event cancellations due to the pandemic continued to materialize in the postponement and cancellation of weddings, a 57.1% decline in wedding business revenue, and a segment loss. - FY2021-Q2MaterialisedAnnual report
「In the wedding business, postponements and cancellations of weddings due to requests to refrain from activities to prevent the spread of COVID-19 resulted in revenue of ¥563,809 thousand for the first six months of the current fiscal year, down 74.6% year on year, and a segment loss of ¥1,033,435 thousand.」
The risk of operating restrictions and event cancellations due to the pandemic materialized again this quarter in the postponement and cancellation of weddings, a 74.6% decline in wedding business revenue, and a segment loss. - FY2021-Q1MaterialisedAnnual report
「In the wedding business, postponements and cancellations of weddings due to requests to refrain from activities to prevent the spread of COVID-19 resulted in revenue of ¥136,716 thousand for the first quarter of the current fiscal year, down 88.7% year on year, and a segment loss of ¥621,797 thousand.」
The risk of operating restrictions and event cancellations due to COVID-19 materialized in the postponement and cancellation of weddings, an 88.7% decline in wedding business revenue, and a segment loss. - FY2020MaterialisedAnnual report
「In addition, the global spread of COVID-19 is expected to keep the outlook uncertain. If a state of emergency is declared again, the Group will give top priority to safe and secure business operations in accordance with government guidance, but restrictions on business activities and other factors may affect its financial position and operating results.」
From February 2020 onward, graduation ceremonies and large-scale events were cancelled, while weddings were postponed or cancelled, affecting fourth-quarter sales in both the traditional kimono and wedding businesses.