Full-year revenue expected to decline by approximately 30% due to COVID-19
First written in FY2021-Q2. 1 of 3 entries say "Worsened", first in FY2021-Q3. Latest entry: FY2021.
MS&Consulting moved to the "Worse" side of this theme in 2021.
The whole theme swung hardest in 2021: 2 of 20 companies on the "Worse" side.
10 other companies' latest entry also says "Other".
- FY2021Full-year results confirmed a substantial decline in revenueAnnual report
「Under these circumstances, revenue in Japan from the mystery shopping research business, including the core customer satisfaction mystery shopping research service “Mystery Shopping Research” (hereinafter, “MSR”), decreased 49.6% from the previous consolidated fiscal year, excluding customers in the food-service industry.」
Against the previous expectation of a decline of approximately 30%, full-year results showed a 49.6% year-on-year decrease in revenue from the domestic MSR business. - FY2021-Q3WorsenedAnnual report
「Although the timing of the containment of COVID-19 is difficult to predict, because its impact on the fiscal year ending February 2021 was greater than expected, the Group has made accounting estimates concerning impairment of fixed assets, including goodwill, and the recoverability of deferred tax assets, assuming that the impact would continue for a certain period from the fiscal year ending February 2022 onward.」
The assumptions changed to reflect that the impact of COVID-19 would be greater than expected in the fiscal year ending February 2021 and would continue for a certain period beyond the fiscal year ending February 2022. - FY2021-Q2First statedAnnual report
「Accordingly, revenue for the current consolidated fiscal year is expected to decline by approximately 30% compared with cumulative consolidated revenue for the fiscal year ended March 2019 and the fiscal year ended February 2020 (Note), although the business environment has been gradually recovering since the second quarter, after the state of emergency was fully lifted.」
In light of the impact of COVID-19, the Company’s business outlook, which specifically projected that revenue for the consolidated fiscal year would decline by approximately 30% compared with cumulative consolidated revenue for the fiscal year ended March 2019 and the fiscal year ended February 2020, was presented for the first time.