Decline in Preschool Attendance Rates and Impact on Business Performance Due to COVID-19
First written in FY2020-Q3. 3 of 8 entries say "Restated". Latest entry: FY2025.
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- FY2025RestatedAnnual report
「If an infectious disease such as novel influenza, norovirus or COVID-19 spreads, numerous childcare workers, instructors and other staff may be absent, potentially making it difficult to operate the facilities.」
The impact of infectious diseases, including COVID-19, on facility operations continues to be disclosed as a risk. - FY2022-Q2Updated the estimation period for the impact of COVID-19 to April 2022Annual report
「Regarding the impact of COVID-19, the Company has made accounting estimates, including the recoverability of future cash flows in the impairment testing of fixed assets, based on the assumption that no large-scale facility closures would occur due to a resurgence of infections and that facilities would operate normally in April 2022, while continuing to implement COVID-19 countermeasures.」
The Company disclosed an accounting assumption that operations would return to normal in April 2022, changing from the previous estimate that the impact of COVID-19 would continue through the end of March 2022. - FY2021RestatedAnnual report
「The Company had assumed that the impact of COVID-19 would subside by the end of March 2021 and that facilities would operate normally from April 2021. However, the resurgence of infections and the reissuance of the state of emergency led to delays in enrolling children aged 0 to 1, and enrollment rates fell below assumptions. Accordingly, the Company changed its assumption to reflect that the impact of COVID-19 would continue through the end of March 2022 and estimated future cash flows for impairment testing of fixed assets on that basis.」
The Company continues to disclose its estimate that delays in enrolling children aged 0 to 1 and enrollment rates below assumptions resulted from the resurgence of infections and other factors, and that the impact of COVID-19 would continue through the end of March 2022. - FY2021-Q3WorsenedAnnual report
「The Company had assumed that the impact of COVID-19 would subside by the end of March 2021 and that facilities would operate normally from April 2021. However, the resurgence of infections and the reissuance of the state of emergency led to delays in enrolling children aged 0 to 1, and enrollment rates fell below assumptions. Accordingly, the Company changed its assumption to reflect that the impact of COVID-19 would continue through the end of March 2022 and estimated future cash flows for impairment testing of fixed assets on that basis.」
The resurgence of infections and other factors actually led to delays in enrolling children aged 0 to 1 and enrollment rates below assumptions. The assumption was changed from the impact continuing through the end of March 2021 to continuing through the end of March 2022. - FY2021-Q2RestatedAnnual report
「Although a second state of emergency was declared in January 2021 during the second quarter of the current consolidated cumulative period, attendance rates were generally at normal levels and the impact of COVID-19 was limited.」
The Company continued to explain that attendance rates remained generally normal even under the second state of emergency and that the impact of COVID-19 on operating results was limited. - FY2021-Q1MitigatedAnnual report
「During the first quarter of the current consolidated cumulative period, attendance rates were at normal levels, and the impact of COVID-19 was limited.」
The Company explained that attendance rates were at normal levels in the first quarter and that the impact of COVID-19 was limited. - FY2020MitigatedAnnual report
「Although some families temporarily deferred enrolling their children following the spread of COVID-19, the number of dual-income households and the female employment rate have remained high amid changing attitudes toward women's participation in the workforce and government initiatives to promote women's advancement. Demand for childcare therefore remains high.」
Although some families temporarily deferred enrollment, the analysis of operating results described the impact of COVID-19 as limited and explained that demand for childcare would remain high. - FY2020-Q3MaterialisedAnnual report
「Attendance rates at childcare facilities declined following the declaration of a state of emergency related to COVID-19, but municipal subsidies continued to be paid as usual and increased year on year.」
The Company disclosed that attendance rates at childcare facilities actually declined amid the state of emergency. It explained that municipal subsidies continued to be paid as usual and increased year on year.