Impact of the COVID-19 Pandemic on Results and Financial Position
First written in FY2020-Q2. 5 of 12 entries say "Softened", first in FY2022-Q2. Latest entry: FY2024.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2024SoftenedAnnual report
「Even if the spread of an infectious disease, including COVID-19, makes it difficult for people to go out actively, or if economic uncertainty continues and recruiting companies are forced to cut their recruitment budgets, we believe that our “Green” service is relatively unlikely to be affected.」
The description has changed from specific business impact risks related to COVID-19 to an explanation that Green is relatively unlikely to be affected, while also assuming infectious diseases generally. - FY2023WorsenedAnnual report
「However, the resurgence of COVID-19 or the emergence and spread of a new infectious disease may cause customer companies to become cautious about recruitment, and decisions to adopt our services may be delayed because of the increased workload associated with responding to infectious diseases within customer companies. In addition, if Sports Tech events are not held as usual to prevent the spread of infection, business activities may be constrained, potentially affecting sponsor revenue, admission revenue and revenue from merchandise sales.」
Regarding infectious disease risks, in addition to the previous descriptions of mitigating impacts and normalisation, specifies as business risks the pathways through which a resurgence or new infectious disease could delay People Tech adoption and reduce Sports Tech revenue. - FY2023-Q2SoftenedAnnual report
「During the cumulative second quarter of the fiscal year under review, Japan’s economy gradually recovered as the impact of COVID-19 eased and economic and social activities normalised.」
States that the impact of COVID-19 has gradually eased and economic and social activities are normalising, indicating that concerns over previous restrictions on economic activity have eased. However, economic uncertainty continues to be described. - FY2023-Q1SoftenedAnnual report
「During the first quarter of the fiscal year under review, Japan’s economy gradually recovered as restrictions on movement related to COVID-19 were eased and economic and social activities normalised.」
States that restrictions on movement related to COVID-19 have been eased and economic and social activities are normalising, indicating that concerns over previous restrictions on economic activity have partly eased. However, the possibility of an impact remains an uncertain factor for the economic environment. - FY2022SoftenedAnnual report
「Although the reopening of economic and social activities is gradually progressing with respect to COVID-19, it may continue to affect the Group’s business, business performance and financial position.」
Describes the progress of the reopening of economic and social activities, indicating that some of the previous uncertainty regarding the impact of the infection has eased, while continuing to indicate the possibility of an impact on the business and other areas. - FY2022-Q2SoftenedAnnual report
「During the six months ended this quarter, economic activity in Japan was severely restricted by the impact of coronavirus disease (COVID-19). Although signs of an economic recovery emerged as economic activity gradually resumed, the timing of the containment of coronavirus disease (COVID-19) and the outlook for economic activity remain uncertain.」
The wording has changed from “extremely uncertain” in the previous quarter to “uncertain.” Restrictions on economic activity caused by the infection and uncertainty regarding the timing of containment continue to be described. - FY2022-Q1RestatedAnnual report
「During the three months ended this quarter, economic activity in Japan was severely restricted by the impact of coronavirus disease (COVID-19). Although signs of an economic recovery emerged as economic activity gradually resumed, the timing of the containment of coronavirus disease (COVID-19) and the outlook for economic activity remain extremely uncertain.」
Continues to describe restrictions on economic activity caused by COVID-19 and uncertainty regarding the timing of containment and economic activity. - FY2021WorsenedAnnual report
「If sporting events in the Sports Tech business are not held as usual to prevent the spread of COVID-19, business activities may be constrained, potentially affecting sponsor revenue, admission revenue and revenue from merchandise sales. In addition, infections may spread within the Group, or our contractors and other business partners may be forced to scale back their business activities.」
In addition to the impact on the previous People Tech business, provides greater specificity regarding the impact of cancelled or restricted Sports Tech events on sponsor revenue, admission revenue and merchandise sales. - FY2021-Q3RestatedAnnual report
「During the nine months ended this quarter, economic activity in Japan was severely restricted by the global spread of coronavirus disease (COVID-19). Although signs of an economic recovery emerged as economic activity gradually resumed, the timing of the containment of coronavirus disease (COVID-19) and the outlook for economic activity remain extremely uncertain.」
Continues to describe uncertainty surrounding economic activity and business performance caused by COVID-19. - FY2020WorsenedAnnual report
「COVID-19 is having a significant impact on corporate management and economic activity. If the timing of the containment of COVID-19 and the uncertain state of economic activity continue, or if a new infectious disease emerges, customer companies may become cautious about recruitment, and decisions to adopt our services may be delayed because of the increased workload associated with responding to infectious diseases within customer companies. In addition, infections may spread within the Company, or our contractors and other business partners may be forced to scale back their business activities.」
Adds specific impact pathways to the previously stated monitoring of the situation, including delays in customer recruitment and service adoption, infections within the Company, and business contraction by contractors. - FY2020-Q3RestatedAnnual report
「We will continue to monitor the impact of the spread of COVID-19 on the Company’s business performance and financial position.」
Continues to state that the impact of the spread of COVID-19 on business performance and financial position will be closely monitored. The text does not state that any specific impact on the Company has occurred. - FY2020-Q2First statedAnnual report
「We will continue to monitor the impact of the spread of COVID-19 on the Company’s business performance and financial position.」
For the first time, describes the impact of the spread of COVID-19 on the Company’s business performance and financial position as an individual risk. Although the spread of the infection itself is mentioned, the text does not state that any specific impact on the Company has occurred.