Impact of the spread of COVID-19 on the advertising market and tourism demand
First written in FY2020-Q3. 4 of 13 entries say "Restated". Latest entry: FY2025.
and factory,inc 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: 24 of 39 companies on the "Worse" side.
5 other companies' latest entry also says "Dropped".
- FY2025DroppedAnnual reportFY2025’s “Business and Other Risks” does not list the impact of the spread of COVID-19 on advertising market conditions and tourism demand as a separate item.
- FY2024MaterialisedAnnual report
「Meanwhile, the company’s paid ARPU (Note 1) and MAU (Note 2) declined for the first time in 3 fiscal years due to the end of joint operation of the “Manga App with Daily Serialization from Mecha Comic” and a decline in stay-at-home demand after COVID-19.」
The decline in stay-at-home demand following the spread of COVID-19 was stated to have actually affected the APP business through declines in paid ARPU and MAU. - FY2024-Q1MitigatedAnnual report
「Accommodation revenue increased and exceeded the prior-year level after the company resumed operations in September 2023 at “&AND HOSTEL SHINSAIBASHI EAST,” a company-operated property that had been closed for an extended period.」
Accommodation revenue recovered as entry restrictions were eased and closed properties resumed operations. However, the company did not state that the impact of COVID-19 and advertising market conditions had been fully eliminated. - FY2023-Q3MitigatedAnnual report
「Although restrictions on activities have been eased and inbound tourism has been recovering, the economic impact continues to affect the company’s business activities. While advertising revenue from the manga app contracted as advertising market conditions deteriorated, occupancy rates and average customer spend at “&AND HOSTEL,” operated by the company, have recovered to pre-pandemic levels. However, the situation remains difficult to predict, including how the company will respond to future changes in lifestyles and the possibility of another spread of COVID-19, and this could affect operating performance.」
Occupancy rates and average customer spend at &AND HOSTEL recovered to pre-pandemic levels as restrictions on activities were eased and inbound tourism recovered. However, risks including lower advertising revenue from the manga app and another spread of COVID-19 remain. The assumption that the impact would gradually diminish from the fiscal year ending August 2023 onward was maintained in the accounting estimates. - FY2023-Q2Updated the accounting assumption regarding when the impact would diminishAnnual report
「The economic impact of the spread of COVID-19 has continued and is affecting the company’s business activities. Current operating performance has been affected by a contraction in advertising revenue from the manga app due to deteriorating advertising market conditions, as well as lower occupancy rates and average customer spend at “&AND HOSTEL,” operated by the company. It remains difficult to predict when the situation will end. In making accounting estimates, including the valuation of properties for sale, determining whether to record impairment losses on fixed assets, and assessing the recoverability of deferred tax assets, the company assumed, based on information available when the financial statements were prepared, that the impact would gradually diminish from the fiscal year ending August 2023 onward.」
The company continued to disclose the impact of COVID-19, the contraction in advertising revenue, lower occupancy rates and average customer spend at accommodation facilities, and the difficulty of predicting when the situation will end, while assuming in its accounting estimates that the impact would gradually diminish from the fiscal year ending August 2023 onward. - FY2022-Q3RestatedAnnual report
「The economic impact of the spread of COVID-19 has continued and is affecting the company’s business activities. Current operating performance has been affected by a contraction in advertising revenue from the manga app due to deteriorating advertising market conditions, as well as lower occupancy rates and average customer spend at “&AND HOSTEL,” operated by the company. Although the fourth state of emergency declared on 8 July 2021 was lifted on 30 September 2021, it remains difficult to predict when the situation will end.」
The company continued to disclose the contraction in advertising revenue caused by COVID-19, lower occupancy rates and average customer spend at accommodation facilities, and the difficulty of predicting when the situation will end. In its accounting estimates, it assumed that the impact would gradually diminish from the fiscal year ending August 2022 onward. - FY2022-Q1RestatedAnnual report
「The economic impact of the spread of COVID-19 has continued and is affecting the company’s business activities. Current operating performance has been affected by a contraction in advertising revenue from the manga app due to deteriorating advertising market conditions, as well as lower occupancy rates and average customer spend at “&AND HOSTEL,” operated by the company. Although the fourth state of emergency declared on 8 July 2021 was lifted on 30 September 2021, it remains difficult to predict when the situation will end.」
The company continued to disclose the impact of COVID-19, the contraction in advertising revenue, lower occupancy rates and average customer spend at accommodation facilities, and the difficulty of predicting when the situation will end. - FY2021RestatedAnnual report
「During the fiscal year, Japan’s economy remained in a difficult situation as the effects of the prolonged spread of COVID-19, repeated declarations of states of emergency, and the implementation of priority preventive measures restricting the spread of disease forced restrictions on economic activity.」
The prolonged impact of COVID-19, states of emergency, and restrictions on economic activity continued to be disclosed as business environment risks. - FY2021-Q3WorsenedAnnual report
「A fourth state of emergency was declared on 8 July 2021 and was expected to be lifted on 22 August 2021, but it remained difficult to predict when the situation would end. In making accounting estimates, including the valuation of properties for sale, determining whether to record impairment losses on fixed assets, and assessing the recoverability of deferred tax assets, the company assumed, based on information available when the financial statements were prepared, that the impact would continue during the fiscal year ending August 2021 and gradually diminish from the fiscal year ending August 2022 onward.」
The continued impact of COVID-19, the fourth state of emergency, and the difficulty of predicting when the situation would end were disclosed. These assumptions also formed the basis for accounting judgments concerning valuation, impairment, and deferred tax assets. - FY2021-Q2RestatedAnnual report
「The economic impact of the spread of COVID-19 has continued and is affecting the company’s business activities. Current operating performance has been affected by a contraction in advertising revenue from the manga app due to deteriorating advertising market conditions, as well as lower occupancy rates and average customer spend at “&AND HOSTEL,” operated by the company. Although the state of emergency declared on 8 January 2021 was lifted on 21 March 2021, it remains difficult to predict when the situation will end.」
The continued impact of COVID-19, the contraction in advertising revenue, lower occupancy rates and average customer spend at accommodation facilities, the state of emergency, and the difficulty of predicting when the situation will end were reaffirmed. - FY2021-Q1WorsenedAnnual report
「The economic impact of the spread of COVID-19 has continued and is affecting the company’s business activities. Current operating performance has been affected by a contraction in advertising revenue from the manga app due to deteriorating advertising market conditions, as well as lower occupancy rates and average customer spend at “&AND HOSTEL,” operated by the company. In addition, with a state of emergency declared on 8 January 2021, it remains difficult to predict when the situation will end.」
The impact of COVID-19 continued, with disclosures covering a contraction in advertising revenue, lower occupancy rates and average customer spend at &AND HOSTEL, the declaration of a state of emergency, and the difficulty of predicting when the situation would end. - FY2020MaterialisedAnnual report
「However, advertising revenue from the manga app declined as advertising market conditions deteriorated due to the spread of COVID-19. Revenue also declined at “&AND HOSTEL,” operated by the company, because projects were delayed or cancelled and the facilities were temporarily closed after the declaration of the state of emergency to prevent the spread of infection.」
COVID-19 actually resulted in lower advertising revenue, delays or cancellations of accommodation projects, temporary closures, and lower revenue in the IoT business. - FY2020-Q3First statedAnnual report
「Although the nationwide state of emergency concerning COVID-19 was lifted in May 2020, changes in the spread of COVID-19 and its impact on the economic environment could affect the company’s operating results and financial position through deterioration in advertising market conditions and a decline in tourism demand.」
The company explicitly identified deterioration in advertising market conditions and a decline in tourism demand resulting from changes in the spread of COVID-19 and its economic impact as risks to be added from the previous fiscal year. The text also describes impacts including lower advertising revenue, delays or cancellations of accommodation projects, and temporary closures.