Impact of an Infectious Disease Outbreak on Business Activities
First written in FY2020. 6 of 14 entries say "Restated". Latest entry: FY2027-H1.
Shikigaku. moved to the "Worse" side of this theme in 2020.
1 other company's latest entry also says "Restated".
- FY2027-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no new major risks or significant changes to the business risks described in the annual securities report that management recognized as potentially having a material effect on the financial position, operating results, or cash flows of the consolidated companies, among the matters concerning business conditions and financial matters described in this Semiannual Report.」
It is stated that there have been no material changes to the risk of the infectious disease affecting business activities. - FY2025-H1RestatedAnnual report
「During the interim consolidated accounting period under review, there were no newly arising matters concerning business and other risks, nor any material changes to the business and other risks described in the securities report for the previous fiscal year.」
It is stated that there have been no material changes to the risk of the infectious disease affecting business activities. - FY2024-Q2RestatedAnnual report
「During the first six months of the fiscal year under review, Japan's economy was expected to move further towards normalisation as COVID-19 was reclassified under the Infectious Disease Control Law as a Class 5 disease and economic activity normalised further. Nevertheless, the outlook remained uncertain due to the prolonged situation in Ukraine, foreign exchange fluctuations and persistently high resource prices.」
While describing expectations that the impact of the infectious disease will move toward normalisation, it explains that uncertainty over the outlook remains. - FY2024-Q1Describes the transition toward normalisation of the impact of the infectious diseaseAnnual report
「While the legal classification of COVID-19 was changed to Category 5, and further normalisation of economic activity is expected, the outlook remained uncertain due to the prolonged situation in Ukraine, foreign-exchange fluctuations, and persistently high resource prices.」
While describing the reclassification of the infectious disease as Category 5 and expectations for the normalisation of economic activity, it explains that uncertainty over the outlook remains. - FY2023-Q3RestatedAnnual report
「During the first nine months of the fiscal year under review, there were no newly arising matters concerning business and other risks, nor any material changes to the business and other risks described in the securities report for the previous fiscal year.」
It is stated that there have been no material changes to the risk of the infectious disease affecting business activities. - FY2023-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, although business activities were affected by the spread of COVID-19, we continued investing in active marketing activities to recruit instructors and expand our customer base.」
Although business activities continue to be affected by the infectious disease, the company continues to recruit instructors and invest in marketing. - FY2022MaterialisedAnnual report
「However, as the spread of COVID-19 led to withdrawals by existing sponsor companies and a decline in sponsorship revenue, revenue in the sports entertainment business for the current consolidated fiscal year was ¥285.637 million and its operating loss was ¥126.919 million.」
The infectious disease risk actually resulted in sponsor withdrawals, lower sponsorship revenue, and an operating loss in the sports business for the full fiscal year. - FY2022-Q3Improving infection conditions alongside continued uncertaintyAnnual report
「During the cumulative first 3 quarters of the current consolidated fiscal year, the Japanese economy remained in a difficult situation due to the impact of COVID-19. However, the number of new cases declined rapidly in September, partly due to the rising vaccination rate, and all states of emergency and priority preventive measures issued in some regions were lifted. Although the economy continued to show signs of recovery, the outlook remained uncertain.」
While describing the decline in new cases and the lifting of restrictions on activities, it explains that the impact of the infectious disease and uncertainty over the outlook continue. - FY2022-Q2RestatedAnnual report
「The difficult situation continued, with no clear outlook for the containment of the infection due to the emergence of highly transmissible variants. Although vaccination gradually progressed, the resurgence of infections became more serious, and the outlook remained uncertain.」
It is stated that the timing of the containment of the infectious disease remains unclear and that uncertainty in the business environment continues. - FY2021WorsenedAnnual report
「In addition, as sporting events in the sports entertainment business may not be held as usual as part of measures to prevent the spread of COVID-19, restrictions on business activities and reductions in sponsorship fees from sponsor companies, among other effects, could affect our group's business development, financial position, and operating results.」
The infectious disease risk is described in specific terms, including restrictions on sporting events and reductions in sponsorship fees, and sponsor withdrawals, lower revenue, and impairment losses actually occurred for the full fiscal year. - FY2021-Q3WorsenedAnnual report
「However, the assumptions used in the estimates above contain many uncertainties, and changes in the timing of the containment of COVID-19 or its impact on the economic environment could affect our group's financial position, operating results, and cash flows from the third quarter onward.」
While postponements of business meetings and service delivery and the impact on the sports business continued, uncertainty over the timing of the containment of the infectious disease and the economic environment was explicitly identified as a risk affecting cash flows as well as the financial position and operating results. - FY2021-Q2MaterialisedAnnual report
「In the organisational consulting business, business meetings with clients and service delivery were postponed. We took measures to minimise the impact on our group's business activities by shifting the primary method of providing services to web-conferencing tools.」
Postponements of business meetings and service delivery due to the spread of infectious disease continued, and the primary service delivery method was changed to web-conferencing tools. In the sports business, event cancellations and other issues also occurred, making the uncertainty of the impact apparent. - FY2021-Q1MaterialisedAnnual report
「In the organisational consulting business, business meetings with clients and service delivery were postponed. We took measures to minimise the impact on our group's business activities by shifting the primary method of providing services to web-conferencing tools.」
Postponements of business meetings and service delivery due to COVID-19 actually occurred, and the company changed its primary service delivery method to web-conferencing tools, estimated the impact on performance, and incurred an operating loss in the organisational consulting business and an impairment loss on goodwill in the sports business. - FY2020First statedAnnual report
「If an infectious disease such as a novel virus were to spread widely in the regions where our group operates, disrupting our business activities, or if the resulting human harm were to expand, this could affect our group's performance.」
Disruption to business activities and human harm caused by a major infectious disease outbreak are described for the first time as a standalone risk.