Business impact of the spread of COVID-19
First written in FY2020-Q3. 8 of 15 entries say "Mitigated", first in FY2022-Q2. Latest entry: FY2024-Q3.
Sega Sammy Holdings moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
The whole theme swung hardest in 2020: 25 of 30 companies on the "Worse" side.
13 other companies' latest entry also says "Mitigated".
- FY2024-Q3MitigatedAnnual report
「In the resort industry, travel demand in Japan continued to recover as the reclassification of COVID-19 eased various restrictions on movement and socioeconomic activity moved toward normalization.」
The reclassification of the pandemic and easing of restrictions on movement supported the continued recovery of domestic travel demand. This indicated further easing of the pandemic's impact on the resort business. - FY2024-Q1MitigatedAnnual report
「In the resort industry, travel demand in Japan continued to recover as socioeconomic activity moved toward normalization, including the reclassification of COVID-19 as a Class 5 infectious disease, while the continued nationwide travel support program also contributed.」
Domestic travel demand continued to recover against the backdrop of COVID-19's reclassification as a Class 5 infectious disease, the normalization of socioeconomic activity and the continued nationwide travel support program. - FY2023MitigatedAnnual report
「In the resort business, Phoenix Seagaia Resort achieved its highest-ever sales and its first profit since becoming part of the Group, due to contributions from government and its own tourism demand-boosting measures and efforts focused on individual customers, including various initiatives and strengthened CRM.」
Domestic resort demand recovered as restrictions on movement were eased and demand-boosting measures were introduced after the spread of the pandemic, and Seagaia achieved profitability for the first time. - FY2023-Q3MitigatedAnnual report
「In the resort industry, inbound tourism continued to be affected by travel restrictions. In Japan, although COVID-19 spread again during the third quarter of the current fiscal year, travel demand recovered, particularly among individual customers, because the government and local authorities did not issue declarations of a state of emergency or similar measures during the period.」
Travel demand recovered, particularly among domestic individual customers, despite the renewed spread of the pandemic, as no declaration of a state of emergency or similar measure was issued. Travel restrictions affecting inbound tourism remained in place. - FY2023-Q2MitigatedAnnual report
「In the resort industry, inbound demand continued to be affected by travel restrictions. In Japan, although COVID-19 resurged during the second quarter of the current consolidated fiscal year, travel demand recovered, particularly among individual customers, as the government and local authorities did not declare a state of emergency or impose similar measures.」
Although the pandemic spread again, travel demand recovered, particularly among domestic individual customers, as no declaration of a state of emergency or similar measure was issued. This indicated some easing of the pandemic's business impact. - FY2023-Q1MitigatedAnnual report
「In the resort industry, inbound tourism continued to be affected by travel restrictions. In Japan, however, demand recovered, particularly among individual customers, because the government and local authorities did not issue declarations of a state of emergency or similar measures during the first quarter of the current fiscal year.」
While inbound tourism continued to be affected by travel restrictions, no declaration of a state of emergency or similar measure was issued during the quarter, and demand recovered, particularly among domestic individual customers. This indicated some easing of the business risks associated with the pandemic. - FY2022MitigatedAnnual report
「Loss attributable to COVID-19: 113」
The extraordinary loss attributable to the pandemic was ¥113 million, a substantial decrease from ¥2,822 million in the previous fiscal year. However, the impact on facility utilization, travel demand and other areas was still reported. - FY2022-Q3WorsenedAnnual report
「Although the amusement equipment market showed signs of recovering to pre-COVID-19 levels, driven by the strong performance of the prize category, concerns remain over the impact of new variants of COVID-19.」
While the loss attributable to the pandemic decreased from the same period of the previous year, the business impact of the emergence of new variants was identified as a new concern, and pandemic-related risk once again increased uncertainty. - FY2022-Q2MitigatedAnnual report
「Loss attributable to COVID-19: 108」
The extraordinary loss attributable to COVID-19 was ¥108 million, down from ¥2,608 million in the same period of the previous year. The impact of the pandemic continued, but the amount of the loss showed an improvement. - FY2022-Q1MaterialisedAnnual report
「Loss attributable to COVID-19: 40」
The company recognized an extraordinary loss of ¥40 million attributable to COVID-19, and the effects of weak travel demand and the failure of facility utilization to recover continued during the quarter. However, this was down from ¥2,563 million in the same period of the previous year. - FY2021WorsenedAnnual report
「Loss attributable to COVID-19: ¥2,822 million」
The impact of COVID-19 appeared in the annual results as facility closures, lower demand, business losses and an extraordinary loss of ¥2,822 million. - FY2021-Q3MaterialisedAnnual report
「COVID-19-Related Losses」
The company recognized a ¥2,665 million loss attributable to COVID-19 as an extraordinary loss, and its impact continues to appear in results through lower facility utilization, weaker travel demand and sluggish sales of gaming machines and amusement facilities. - FY2021-Q2MaterialisedAnnual report
「Although the decline in facility utilization due to the impact of COVID-19 is showing signs of recovery, visitor numbers have declined, and we expect that it will take time for purchasing appetite to recover.」
The impact of COVID-19 appeared in lower demand and deteriorating performance in gaming machines, amusement facilities, resorts and other businesses, and the company also recognized a ¥2,608 million loss attributable to COVID-19 in the second quarter of the current fiscal year. - FY2021-Q1MaterialisedAnnual report
「The company recognized ¥2,563 million in fixed costs and other expenses incurred during the temporary closure implemented in response to the declaration of a state of emergency issued due to the spread of COVID-19 as an extraordinary loss.」
The declaration of a state of emergency and temporary closures associated with the spread of COVID-19 resulted in an extraordinary loss of ¥2,563 million in fixed costs and other expenses, closures and lower demand across businesses, and a quarterly loss. - FY2020-Q3First statedAnnual report
「The spread of the novel coronavirus, centered in Wuhan, China, continues, and it is necessary to monitor its impact on the Group's businesses.」
The spread of the novel coronavirus centered in Wuhan, China was identified for the first time as a new risk whose impact on the Group's businesses should be monitored.