Hall losses and decline in capital investment due to the spread of COVID-19
First written in FY2020. 6 of 15 entries say "Worsened", first in FY2021-Q1. Latest entry: FY2024-Q3.
Gamecard Holdings moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
1 other company's latest entry also says "Mitigated".
- FY2024-Q3MitigatedAnnual report
「During the third quarter of the current consolidated fiscal year, the Japanese economy followed a recovery trend, supported by a full-scale recovery in inbound demand and increased capital investment as economic activity returned to normal.」
It continues to describe conditions in which the impact of the restrictions on economic activity imposed because of COVID-19 is easing, against a backdrop of the normalization of economic activity, the recovery in inbound demand and increased capital investment. - FY2024-Q2MitigatedAnnual report
「During the second quarter of the current consolidated fiscal year, the Japanese economy followed a gradual recovery trend as economic activity returned to normal following COVID-19's reclassification as a Category 5 disease, supported by the recovery in inbound demand and increased capital investment.」
It states that economic activity is returning to normal following COVID-19's reclassification as a Category 5 disease and that the impact of the activity restrictions previously imposed because of the infectious disease is easing. - FY2024-Q1MitigatedAnnual report
「From 8 May, COVID-19 was reclassified as a Category 5 disease, equivalent to influenza, and a gradual recovery trend continued, supported by increased movement of people and inbound demand.」
Against the backdrop of COVID-19's reclassification as a Category 5 disease, increased movement of people and increased inbound demand, conditions indicate a shift toward easing the restrictions on economic activity previously imposed because of the infectious disease. However, it does not state that the risk from the infectious disease has disappeared. - FY2023-Q3RestatedAnnual report
「We are continuing our business activities after implementing stringent measures against COVID-19. However, if the infection resurges, we believe that the decline in capital investment appetite and store closures could accelerate further and affect business performance.」
As before, we continue to identify as risks the possibility that a resurgence of the infectious disease could accelerate the decline in capital investment appetite and store closures. - FY2023-Q2RestatedAnnual report
「We are continuing our business activities after implementing stringent measures against COVID-19. However, if the infection resurges, we believe that the decline in capital investment appetite and store closures could accelerate further and affect business performance.」
We continue to state that, if the infection resurges, the decline in capital investment appetite at pachinko parlors and store closures could accelerate further. - FY2023-Q1RestatedAnnual report
「In response to the resurgence of COVID-19, we are continuing our business activities after implementing stringent measures. Although the impact on our business performance could subside sooner than expected due to the rollout of vaccines and other factors, depending on when the outbreak subsides, the decline in capital investment appetite and store closures could accelerate further.」
We continue to state that, depending on the resurgence of the infectious disease and when it subsides, the decline in capital investment appetite and store closures could accelerate. - FY2022RestatedAnnual report
「In anticipation of the timing of the introduction of smart pachinko and smart slots, a cautious stance toward capital investment continues.」
In addition to the impact of the infectious disease and uncertainty over when it will subside, pachinko parlors remain cautious about capital investment as they assess the timing of the introduction of Smart Pachinko and Smart Slot. - FY2022-Q3RestatedAnnual report
「Following the renewed spread of COVID-19, referred to below as the infectious disease, we are continuing business activities after taking stringent measures. However, depending on when the situation is brought under control, we believe that the decline in appetite for capital investment and store closures may accelerate further.」
As in the previous quarter, it states that the resurgence of the infectious disease and the timing of containment could accelerate declining appetite for capital investment and store closures. - FY2022-Q2WorsenedAnnual report
「In response to the resurgence of COVID-19, the Company continues its business activities after implementing stringent measures. Although the impact on operating results could subside earlier than expected as vaccines become more widely available, the timing of containment could result in further acceleration of declining appetite for capital investment, store closures and other factors.」
It continues to emphasize the potential for a worsening impact, indicating that the resurgence of the infectious disease and the timing of containment could further accelerate declining appetite for capital investment and store closures. - FY2022-Q1WorsenedAnnual report
「In response to the resurgence of COVID-19, the Company continues its business activities after implementing stringent measures. Although the impact on operating results could subside earlier than expected as vaccines become more widely available, the timing of containment could result in further acceleration of declining appetite for capital investment, store closures and other factors.」
In response to the resurgence of the infectious disease, it indicates that declining appetite for capital investment and store closures could accelerate further, adding new potential deterioration to the previously identified risk of a prolonged impact. - FY2021WorsenedAnnual report
「During the current consolidated fiscal year, Japan's economy was significantly constrained by the spread of COVID-19 worldwide, resulting in two state of emergency declarations and a substantial curtailment of economic activity. With infections again trending upward, the timing of containment remains unclear, and economic conditions are expected to remain uncertain.」
The annual results reflect a substantial curtailment of economic activity caused by the spread of the infectious disease and two state of emergency declarations, while the potential for a prolonged impact due to the resurgence and uncertain timing of containment continues. - FY2021-Q3WorsenedAnnual report
「In response to the resurgence of COVID-19, the Company continues its business activities after implementing stringent measures. Although the impact on operating results could subside earlier than expected as vaccines become more widely available, a later containment date could further prolong and accelerate factors such as declining appetite for capital investment and affect operating results.」
In response to the resurgence of the infectious disease, it indicates that declining appetite for capital investment and other factors could persist and accelerate further depending on when the disease is brought under control, increasing the risk of a prolonged impact. - FY2021-Q2WorsenedAnnual report
「Although the Group continues its business activities after implementing stringent measures in response to the spread of COVID-19, the impact of the infection on operating results is expected to continue for at least a certain period. Because the timing and extent of the eventual containment cannot be accurately predicted and involve a high degree of uncertainty, the impact on the Group's operating results could persist for an extended period depending on when COVID-19 is brought under control.」
It explicitly states that the impact of the infectious disease will continue for at least a certain period and could persist longer depending on when it is brought under control, making the potential for a prolonged risk more specific. - FY2021-Q1WorsenedAnnual report
「The government-issued state of emergency declaration led pachinko halls to suspend operations and people to refrain from nonessential, nonurgent outings, among other measures. These developments are expected to affect the current consolidated fiscal year, including through lower sales of system usage fees due to declining operating rates at member stores.」
It identifies a specific impact of COVID-19-related pachinko hall losses and lower capital investment: reduced sales of system usage fees through operating suspensions and lower operating rates. - FY2020MaterialisedAnnual report
「In the gaming industry, the market has been shrinking amid major changes in the regulatory and market environments. In addition, the spread of COVID-19 and the impact of state of emergency declarations have caused substantial economic losses for pachinko halls, and appetite for capital investment is expected to continue declining. A full recovery in capital investment is expected to take time.」
It states that the spread of COVID-19 and state of emergency declarations materialized in the actual business environment as economic losses at pachinko halls and weaker appetite for capital investment.