Curtailment or suspension of face-to-face sales due to infectious disease outbreaks
First written in FY2019. 5 of 10 entries say "Materialised", first in FY2020. Latest entry: FY2023-Q2.
Rvh 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: 23 of 48 companies on the "Worse" side.
18 other companies' latest entry also says "Restated".
- FY2023-Q2RestatedAnnual report
「During the six-month period ended the second quarter, the Japanese economy saw a recovery as social and economic activity moved toward normalization through higher vaccination rates and the easing of restrictions on behavior, despite a sharp increase in infections described as the seventh wave of COVID-19 caused by a new variant.」
While the sharp increase in infections caused by the seventh wave continued, the company also referred to the normalization of social and economic activity resulting from higher vaccination rates and eased restrictions on behavior, continuing to disclose infectious disease risks. - FY2022RestatedAnnual report
「Our Group has implemented various measures, including recommending work from home, to prevent infections inside and outside the Group and ensure the health and safety of employees. However, if an employee contracts COVID-19 and the infection spreads within the company, this could have a material impact on the Group's operating results and other matters due to a temporary suspension of business activities and other effects.」
The company continues to disclose the risk of business activity suspension due to an infectious disease outbreak and infection-prevention measures such as working from home. - FY2022-Q3RestatedAnnual report
「Amid broad restrictions on social activity due to the spread of COVID-19, we reviewed our working arrangements, including improving the office working environment, limiting the number of employees commuting to the office through remote-enabled work from home, and staggering commuting times, in order to protect employees' health and ensure and expand business continuity. We also worked to implement thorough measures throughout our Group to prevent COVID-19 infections.」
As restrictions on social activity associated with the spread of the infectious disease continued, the company continued to review its working arrangements and implement infection-prevention measures based on the anticipated impact on face-to-face activities and business continuity. - FY2022-Q2RestatedAnnual report
「Economic activity declined substantially as the spread of COVID-19 led to states of emergency being declared and priority preventive measures being applied in multiple prefectures, restricting corporate activity and personal consumption.」
The company is reconfirming the risk that continuing restrictions on corporate activity and personal consumption due to the spread of the infectious disease could affect face-to-face businesses and sales activities. - FY2021MaterialisedAnnual report
「Our Group has implemented various measures, including recommending work from home, to prevent infections inside and outside the Group and ensure the health and safety of employees. However, if an employee contracts COVID-19 and the infection spreads within the company, this could have a material impact on the Group's operating results and other matters due to a temporary suspension of business activities and other effects.」
As the impact of the infectious disease outbreak on sales and business activities continues, the company specifically discloses the possibility of a temporary business suspension caused by employee infections or the spread of infection within the company. - FY2021-Q3MaterialisedAnnual report
「In the information services industry, a major customer industry for our Group, some IT investment plans continued to be suspended or delayed due to fewer opportunities for business negotiations resulting from working from home and other factors, reductions in investment budgets, and reviews of investment plans.」
The spread of the infectious disease continued to manifest itself in fewer business opportunities, suspended or delayed IT investment plans, work-from-home arrangements, reduced investment budgets and reviews of investment plans. - FY2021-Q2MaterialisedAnnual report
「During the six-month period ended the second quarter, the Japanese economy deteriorated rapidly as personal consumption and corporate activity declined due to the spread of COVID-19.」
The decline in personal consumption and corporate activity caused by the infectious disease outbreak continued as the actual economic environment during the quarter. - FY2021-Q1MaterialisedAnnual report
「Personal consumption and corporate activity declined rapidly and remained under severe conditions due to the declaration of a state of emergency in April and requests to refrain from going out following the spread of COVID-19.」
The suppression of sales and consumer activity anticipated as an impact on face-to-face businesses during an infectious disease outbreak actually occurred in the form of the state of emergency and requests to refrain from going out due to COVID-19, contributing to the transfer of a subsidiary and deteriorating performance. - FY2020MaterialisedAnnual report
「If an infectious disease with a significant social impact were to spread, the Group may suspend or cease sales activities, and depending on the extent of such measures, this could affect its business and performance. In addition, there are recent concerns that the economic impact of the spread of COVID-19 may be prolonged. If this risk materializes, it could have a material impact on the Group's operating results and other matters due to a decline in the acquisition of new projects and other factors.」
The infectious disease outbreak previously treated as a future risk materialized in the form of declining customer visits, impacts on sales activities, stagnant economic activity and lower acquisition of new projects due to COVID-19. - FY2019First statedAnnual report
「If an infectious disease with a significant social impact were to spread, particularly in the ladies' services business, the Group may suspend or cease customer service or sales activities in light of the nature of the business, which involves direct face-to-face contact with customers. Depending on the extent of such measures, this could affect the business and performance of our Group.」
For the face-to-face ladies' services business, the company explicitly identifies the suspension or cessation of customer service and sales activities during an infectious disease outbreak as a risk for the first time.