Impact of COVID-19 on Business Activities and Performance
First written in FY2020. 3 of 10 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2025: 5 of 18 companies on the "Worse" side.
17 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「The spread and expansion of infectious diseases, including COVID-19, may lead to shortened business hours, temporary closures, a decline in customer numbers due to requests to refrain from going out, sluggish personal consumption and delays in the supply of raw materials, affecting the Group's operating results and financial position.」
The Company continues to disclose the impact of COVID-19 and other infectious diseases on business activities, customer numbers and supply as general infectious-disease risks. - FY2024-Q1MitigatedAnnual report
「In May, COVID-19 was reclassified as a Class 5 infectious disease, restrictions on personal activity were lifted, and the recovery in socioeconomic activity became increasingly clear.」
The Company states that the transition of COVID-19 to Class 5 status and the lifting of restrictions on personal activity eased the impact on business activities of the restrictions previously in place. - FY2023-Q2RestatedAnnual report
「The number of new COVID-19-positive cases had been settling at a low level, but community transmission of a new variant continued, posing a downside risk to the economy.」
Although the number of new positive cases remained low, community transmission of a new variant continued, and the Company continued to disclose the pandemic as a downside risk to the economy. - FY2023-Q1Partial recovery as restrictions were eased, but risks from variants persistedAnnual report
「The number of new COVID-19-positive cases had been settling at a low level, but the spread of a new variant became increasingly pronounced, posing a downside risk to the economy.」
Although the number of new positive cases was declining, the spread of a new variant is cited as a downside risk to the economy. - FY2022-Q3RestatedAnnual report
「In the hotel business, the declaration of a state of emergency and the implementation of priority preventive measures due to COVID-19 reduced opportunities for weddings and banquets, and difficult conditions continued. As the Company also assisted with weddings and banquets while implementing infection-prevention measures, revenue was ¥524 million, up 51.6% year on year, and the operating loss was ¥182 million, compared with an operating loss of ¥317 million in the same quarter of the previous year.」
Although the decline in wedding and banquet opportunities due to the state of emergency and priority preventive measures continued, revenue increased and the operating loss narrowed while infection-prevention measures were in place. - FY2022-Q1Partial recovery amid continued restrictionsAnnual report
「In the hotel business, the declaration of a state of emergency and the implementation of priority preventive measures due to COVID-19 reduced opportunities for weddings and banquets, and difficult conditions continued. The Company also assisted with weddings and banquets while implementing infection-prevention measures」
Although the decline in wedding and banquet opportunities due to the state of emergency and priority preventive measures continued, the Company continued to hold these events while implementing infection-prevention measures. - FY2021-Q3WorsenedAnnual report
「Weddings and banquets had begun to recover from July 2020 as safety measures were implemented, but the number of infections rose again toward year-end, resulting in further cancellations and postponements, mainly of weddings, banquets and stays.」
Although weddings, banquets and other services had begun to recover from July, infections rose again toward year-end, leading to further cancellations and postponements. The impact of the pandemic continued, with hotel revenue down 72.9% year on year and an operating loss of ¥317 million. - FY2021-Q2Impact continues, partial recoveryAnnual report
「Although the state of emergency was lifted on 25 May 2020, many scheduled weddings, banquets, stays, restaurant bookings and events were cancelled or postponed. Weddings and banquets began to recover from July 2020 as safety measures were implemented, but revenue was ¥153 million, down 81.0% from the same quarter of the previous year, and the operating loss was ¥252 million, compared with an operating loss of ¥156 million in the same quarter of the previous year.」
Although weddings and banquets began to recover after the state of emergency was lifted, cancellations and postponements of various services continued, along with a sharp decline in hotel revenue and an operating loss in the hotel business. - FY2021-Q1MaterialisedAnnual report
「In the hotel business, the declaration of a state of emergency resulted in many scheduled weddings, banquets, stays, restaurant bookings and events being cancelled or postponed.」
The impact of the state of emergency declared due to COVID-19 materialized in the cancellation or postponement of weddings, banquets, stays, restaurant bookings and events. - FY2020First statedAnnual report
「However, if infections spread further or the outbreak persists for an extended period, the Group's business activities may be disrupted, affecting its operating results. The scale of any future spread and the timing of its containment remain uncertain, making it difficult at present to predict the impact on operating results.」
COVID-19 was disclosed independently as a major risk for the first time, with actual effects including postponed weddings and the cancellation or curtailment of events and banquets and sales activities.