Business Impact of the Spread of COVID-19
First written in FY2021-Q1. 6 of 10 entries say "Materialised", first in FY2021-Q2. Latest entry: FY2023.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2023MitigatedAnnual report
「During the fiscal year, Japan's economy showed signs of recovery as restrictions on activities were eased and economic and social activity moved toward normalisation. However, amid higher raw material and energy prices due to the situation in Ukraine and other factors, as well as sharp foreign-exchange fluctuations, the outlook for the economy remained uncertain, owing to continued increases in raw material prices and supply-side concerns.」
The company described the easing of activity restrictions and the normalisation of economic and social activity, indicating that some of the previous business impact from the pandemic had eased while other external-environment risks remained. - FY2023-Q1MaterialisedAnnual report
「In addition, the spread of COVID-19 has had a significant impact on the company's business and other operations, and circumstances or events that raise substantial doubt about the going-concern assumption currently exist.」
The company stated that the significant impact of COVID-19 on the business continued during the quarter as a factor contributing to a material event concerning going-concern status. - FY2022MaterialisedAnnual report
「Revenue for the fiscal year was ¥404.573 million, down 31.0% year on year. This was mainly due to the impact of the spread of COVID-19.」
The company stated that the impact of COVID-19 was the main cause of the 31.0% full-year decline in revenue. - FY2022-Q3MaterialisedAnnual report
「Amid the nationwide spread of COVID-19, the signage business for beauty salons has been taking longer than expected to see advertisers' willingness to place advertisements recover,」
The delayed recovery in advertising demand in the signage business for beauty salons continued to occur as a result of the impact of COVID-19. - FY2022-Q2RestatedAnnual report
「During the six-month period ended the second quarter, Japan's economy remained uncertain, as repeated declarations of a state of emergency in response to the spread of COVID-19 affected personal consumption and economic activity.」
The company reaffirmed the impact of COVID-19 on personal consumption and economic activity and the continuation of an uncertain outlook. - FY2022-Q1RestatedAnnual report
「During the cumulative first quarter under review, the Japanese economy remained uncertain, as repeated declarations of a state of emergency in response to the spread of COVID-19 affected personal consumption and economic activity.」
The company stated that the impact of COVID-19 on economic activity continued during the quarter. - FY2021MaterialisedAnnual report
「The spread of COVID-19 delayed the launch of services. To offset the resulting decline in revenue, the company actively pursued preparations for new Media Platforms, but none of the new Media Platforms reached monetisation during the consolidated fiscal year.」
The company stated that the impact of COVID-19 had in fact resulted in delayed service launches, lower revenue and the failure of new Media Platforms to monetise during the fiscal year. - FY2021-Q3MaterialisedAnnual report
「The spread of COVID-19 caused delays in installing signage at beauty salons, and advertising sales remained below the initial forecast.」
The company stated that, as a result of the spread of COVID-19, delays in signage installation and advertising sales below forecast had in fact occurred. - FY2021-Q2MaterialisedAnnual report
「The spread of COVID-19 caused a delay in the launch of the Media Platform service for beauty salons planned for July 2020.」
The company stated that, as a result of the spread of COVID-19, the planned launch of the service for beauty salons was in fact delayed. - FY2021-Q1First statedAnnual report
「The impact of the spread of COVID-19 on the business is currently minor. However, if further spread of COVID-19 disrupts the group's business activities, it may affect the group's financial position, operating results and cash flows.」
The company identified for the first time the impact of further spread of COVID-19 on business activities, financial position, operating results and cash flows as a risk. While the current impact was described as minor, some service launches have already been delayed.