Risk of Voluntary Suspension of In-Person Sales Visits and Lower Revenue Due to COVID-19
First written in FY2020. 5 of 10 entries say "Mitigated", first in FY2021. Latest entry: FY2023-Q1.
The whole theme swung hardest in 2020: 23 of 48 companies on the "Worse" side.
11 other companies' latest entry also says "Mitigated".
- FY2023-Q1MitigatedAnnual report
「While the number of COVID-19 cases has been contained and consumer activity is gradually moving toward normal as activity restrictions are eased,」
It explains that economic activity is gradually moving toward normal as the number of infections is contained and activity restrictions are eased. Regarding the business impact of COVID-19, the description has shifted from the emergence and prolongation of impacts through the previous fiscal year toward easing. - FY2022MitigatedAnnual report
「We have determined that the impact of the spread of COVID-19 on the Group's results is limited at present and will not have a material impact on the estimates for the current consolidated fiscal year.」
While uncertainty about the outlook due to variants and other factors remains, it explains that the impact on results of accounting estimates is limited at present. - FY2022-Q3RestatedAnnual report
「Although vaccination progressed and there were signs of a return to normal economic activity, including the lifting of the state of emergency in all prefectures on 30 September, uncertainty about the outlook continues, with concerns about the spread of infections from new variants.」
It presents both the move toward normalization following vaccination and the lifting of the state of emergency, and concerns about new variants. It states that there have been no significant changes to business and other risks. - FY2022-Q2MitigatedAnnual report
「In this segment, although the fourth state of emergency was declared, the segment's main business, NHK operations, was unaffected. In addition, efforts to expand the new sales agency business resulted in revenue of ¥1,828.762 million, up 70.0% year on year.」
It explains that NHK operations were unaffected even under the fourth state of emergency and states that the impact on NHK operations in the second quarter from the risk of restrictions on door-to-door sales that emerged in the previous fiscal year was contained. - FY2022-Q1MitigatedAnnual report
「Although a third state of emergency was declared, NHK operations, the principal business, were unaffected. In addition, efforts to expand the new sales agency business led to revenue of ¥979.096 million, up 87.9% year on year.」
It explains that NHK operations were unaffected even under the third state of emergency and states that the impact on NHK operations in the current quarter from the risk of restrictions on door-to-door sales that emerged in the previous fiscal year was contained. - FY2021MitigatedAnnual report
「From 1 June of that year, the Company conducted sales activities with some operations restricted, then eased the restrictions gradually. Operations have now returned to pre-pandemic levels.」
Previous disclosures had indicated that the recovery timeline was being pushed back, but the Company explained that sales activities had returned to pre-pandemic levels at the fiscal year-end. Meanwhile, full-year revenue fell 15.3% year on year due to the impact of refraining from and restricting activities in response to COVID-19. - FY2021-Q3WorsenedAnnual report
「Restrictions have been eased gradually, and operations are gradually returning to pre-pandemic levels.\nAt the end of the previous consolidated fiscal year, the Company had assumed that the situation would recover gradually by the third quarter of the fiscal year ending February 2021. In light of the subsequent COVID-19 situation, at the end of the current third-quarter consolidated accounting period it changed the assumption to the impact continuing for a certain period of the following fiscal year」
Although restrictions on sales activities have been eased gradually, the expected recovery from the impact of COVID-19 was pushed back further, from the third quarter of the fiscal year ending February 2021 to a certain period of the following fiscal year. The impact is expected to persist, and NHK operations also recorded a 31.9% year-on-year decline in revenue. - FY2021-Q2WorsenedAnnual report
「At the end of the previous consolidated fiscal year, the Company had assumed that the situation would recover gradually by the third quarter of the fiscal year ending February 2021. In light of the subsequent COVID-19 situation, at the end of the second quarter accounting period it changed the assumption to recovery gradually by the end of the fiscal year ending February 2021」
Regarding the impact of COVID-19, the expected recovery was pushed back from the third quarter of the fiscal year ending February 2021 to the end of that fiscal year. The NHK sales agency business recorded a 41.1% year-on-year decline in revenue, and some operating restrictions continued after June. In addition to the risk materializing, the outlook for recovery deteriorated. - FY2021-Q1MaterialisedAnnual report
「In this segment, the Company's principal business is providing contract and collection services for broadcast reception fees from Japan Broadcasting Corporation (hereinafter, NHK). Due to the spread of COVID-19 and the declaration of a state of emergency, the Company refrained from sales activities involving visits and other activities, in consultation with NHK, its business partner, at some branches mainly in the Kanto region from 27 March 2020 and at all branches nationwide from 8 April 2020 through 31 May 2020. As a result, revenue amounted to ¥521.120 million, down 43.5% year on year.」
The impact of refraining from door-to-door sales due to COVID-19, identified in the previous fiscal year, reduced revenue from the sales agency business by 43.5% year on year in the current quarter. The media business's real estate operations were also affected by restrictions on store operations. - FY2020MaterialisedAnnual report
「We expect revenue to decline by approximately ¥398 million compared with the same period of the previous year, from March to May 2019, because of the suspension of these sales activities.」
The company disclosed that door-to-door sales were suspended at branches nationwide because of the spread of COVID-19 and the declaration of a state of emergency, with an expected revenue decline of approximately ¥398 million year on year.