Economic and Business Activity Stagnation Caused by COVID-19
First written in FY2021-Q1. 2 of 10 entries say "Worsened", first in FY2021-Q3. Latest entry: FY2024.
Sanoyas 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 2025: 4 of 13 companies on the "Worse" side.
9 other companies' latest entry also says "Mitigated".
- FY2024MitigatedAnnual report
「The Group's businesses are primarily heavily affected by trends in the domestic economy, but recently they have been forced to suffer declining performance due to the impact of the spread of COVID-19 on economies in Japan and overseas. Although that impact has eased recently, a similar pandemic could have a significant impact.」
The disclosure changed to state that the existing impact of COVID-19 had eased recently, while the risk of a recurrence of a similar pandemic remains. - FY2023-Q3Continued infection waves and leisure recovery following the easing of restrictionsAnnual report
「During the third quarter, while the number of infections remained high amid the seventh and eighth waves of the Omicron variant, restrictions on movement were eased in stages, domestic visitors returned and amusement park operating revenue increased. In addition, demand for parts and repairs from amusement parks was captured, resulting in substantial increases in revenue and profit.」
Although the number of infections remained high amid the seventh and eighth waves of the Omicron variant, domestic visitors returned as restrictions on movement were eased in stages, and performance in the leisure business recovered. - FY2023-Q2Updated accounting assumptionsAnnual report
「Although the spread of COVID-19 remained unresolved and uncertainty continued, accounting estimates were made on the assumption that the market environment in the second half of 2021 would continue.」
While the spread of infection was assumed to remain unresolved and uncertainty to continue, the basis for accounting estimates was updated from the market environment in the second half of 2020 to that in the second half of 2021. - FY2023-Q1Leisure recovery and continued uncertaintyAnnual report
「The first quarter of the previous fiscal year was severely affected by requests to suspend or voluntarily refrain from amusement-park operations due to the state of emergency and priority preventive measures under the COVID-19 pandemic, as well as the disappearance of inbound visitors due to border-control measures. In the current first quarter, domestic visitors returned and revenue from amusement-park operations increased, while the company captured demand for parts and repairs from amusement parks, resulting in substantial increases in revenue and profit.」
The impact of COVID-19 on the leisure business eased from the previous quarter, and a recovery in domestic visitors was observed. At the same time, accounting estimates were based on the assumption that the spread of infection would remain unresolved and uncertainty would continue. - FY2022-Q2Transition of some businesses to a “with COVID-19” operating model and continued impact on leisureAnnual report
「Among the Group's businesses, the leisure business was significantly affected by the frequent inability to operate its core amusement park facilities. However, by shifting the operations of companies in the industrial and construction segments to a so-called “with COVID-19” model, results for the second quarter of the current consolidated fiscal period were broadly in line with the initial forecast.」
While the leisure business continued to be affected by restrictions on amusement park operations, the industrial and construction businesses shifted their operations to a “with COVID-19” model, and results for the second quarter of the current consolidated fiscal period were broadly in line with the initial forecast. - FY2022-Q1Continued uncertainty and estimates based on assumptionsAnnual report
「Although the spread of COVID-19 remained unresolved and uncertainty continued, including the issuance of a fourth state of emergency, accounting estimates were made on the assumption that the market environment in the second half of 2020 would continue.」
Regarding COVID-19, the spread of infection was assumed to remain unresolved and uncertainty to continue even under the fourth state of emergency, and accounting estimates were made on the assumption that the market environment in the second half of 2020 would continue. - FY2021WorsenedAnnual report
「As a result of the global impact of COVID-19, the Group's business environment has become increasingly uncertain.」
The impact continued through deteriorating performance in the M&T business, domestic and overseas leisure operations, and investment-related businesses, amid the continuing spread of infection, variants, third and fourth waves, states of emergency and overseas travel restrictions. - FY2021-Q3WorsenedAnnual report
「The spread of a third wave of infections occurred from the end of the year, including the emergence of variant viruses. Although measures to prevent the spread of infection and economic support measures, including vaccine development and rollout and tighter lockdowns, have been introduced successively at the national level, economic activity remains at risk of stagnating again both globally and domestically.」
Regarding COVID-19, economic activity faced the risk of renewed stagnation due to the third wave and the emergence of variants, while its impact on the M&T business and amusement park operations continued. - FY2021-Q2MaterialisedAnnual report
「The M&T business continues to be heavily affected by the COVID-19 pandemic. Although precision machining for semiconductor manufacturing equipment remained strong, sales fell sharply in repair work for mechanical parking systems, sales of shot-blasting machines, air-conditioning and plumbing work, and rentals of construction elevators, resulting in broad-based weakness.」
The impact of COVID-19 continued to be felt in the form of lower sales and operating losses across multiple areas of the M&T business. - FY2021-Q1First statedAnnual report
「During the first quarter, the global economy suffered a severe blow from the developed to emerging economies as the COVID-19 pandemic spread worldwide, resulting in an unprecedentedly rapid contraction. To prevent the spread of infection, lockdowns were imposed in major metropolitan areas, including the principal economic centers of developed countries, together with requests to “stay home.” At the peak, economic activity was almost completely suspended. Economic activity has since been gradually resumed while monitoring the spread of infection, but the pace of infections has not subsided, and a full recovery of economic activity remains a long way off, both globally and domestically.」
Lockdowns caused by COVID-19, the near-total suspension of economic activity and the failure of economic activity to fully recover were first identified as major risks. The impact on the business has also materialised in the closure of amusement parks in Japan and overseas, effects on outsourced park operations, and declines in sales and profit in the M&T business.