Business closures, supply disruptions and delayed demand recovery due to the spread of COVID-19
First written in FY2021-Q1. 3 of 9 entries say "Restated". Latest entry: FY2026.
Sankyo 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 "Restated".
- FY2026RestatedAnnual report
「Although supply chain disruptions caused by the spread of infectious diseases are also expected, our group will focus on securing multiple suppliers, advance ordering and arranging substitute products to minimize the impact on unit sales and sales schedules for amusement machines.」
The risks of declining pachinko parlor utilization and supply chain disruption caused by the spread of COVID-19 are disclosed, and measures to limit the impact through multiple suppliers, advance orders and arrangements for substitute products are reaffirmed. - FY2023MitigatedAnnual report
「The Group's major sales destinations, parlors nationwide, had been forced to operate in a difficult environment as COVID-19 reduced operating levels. However, operating levels at parlors have been improving as restrictions on activities have been eased under the living-with-COVID approach.」
The easing of restrictions on activities has improved pachinko parlor utilization, partially mitigating the demand and business impact of COVID-19. - FY2022MitigatedAnnual report
「Under these conditions, the Group will work to minimize the impact on the number and timing of gaming machine sales by focusing on placing advance orders for parts and arranging substitutes. In regions where infections are spreading, we are also developing an operating environment that will prevent delays in the progress of each business by limiting employees' commuting through telework and using web conferencing systems for internal and external meetings.」
Specific measures for parts procurement, work practices and meeting management are disclosed, along with a policy of limiting the business impact of the pandemic and supply constraints. - FY2022-Q3WorsenedAnnual report
「In the pachinko and pachislot industry, the prolonged spread of COVID-19 has meant that pachinko parlors are taking time to recover their utilization rates.」
The situation in which the prolonged spread of COVID-19 is delaying the recovery of utilization at pachinko parlors, the main customers, is explicitly disclosed, indicating that the business impact is continuing. - FY2022-Q1RestatedAnnual report
「Although Japan's economy during the cumulative first quarter remained in a difficult situation due to the impact of COVID-19, the gradual resumption of economic activity was expected as vaccinations progressed. However, the outlook for containment of COVID-19 remained unclear, and uncertainty about the future continued.」
While a gradual reopening of economic activity is expected as vaccinations progress, there is no clear outlook for the pandemic to subside and uncertainty about the future continues. - FY2021WorsenedAnnual report
「Pachinko parlors nationwide, the Group's main customers, have been forced to operate under difficult conditions as the spread of COVID-19 has reduced utilization. If the spread of COVID-19 continues for longer than expected, it may affect the Group's operating results.」
The decline in pachinko parlor utilization and difficult operating environment caused by the spread of COVID-19 continue, and the risk of an impact on operating results if the situation is prolonged continues to be disclosed. - FY2021-Q3WorsenedAnnual report
「Following the reissuance of the state of emergency declaration on 7 January 2021 due to the spread of COVID-19, demand at pachinko parlors, the Group's main customers, has shown some delay in recovery. However, the recoverability of deferred tax assets was estimated on the assumption that demand would recover toward the end of fiscal 2021.」
The reissuance of the state of emergency declaration and the delayed recovery in pachinko parlor demand are disclosed, indicating that the business impact of COVID-19 is continuing. - FY2021-Q2RestatedAnnual report
「The Group will continue to monitor developments related to the impact of the spread of COVID-19.」
The company has reaffirmed its stance of continuing to closely monitor developments regarding the impact of COVID-19. - FY2021-Q1MaterialisedAnnual report
「Pachinko parlors faced a difficult operating environment as the spread of COVID-19 forced them to refrain from advertising and other promotional activities aimed at attracting customers, as well as to close nationwide.」
The spread of COVID-19 actually led to pachinko parlors refraining from advertising, nationwide closures, delays in procuring parts and a temporary halt in the supply of machines compliant with the new regulations. It is also expected that concerns about the infection will delay the recovery in customers' willingness to purchase new machines.