Risk of Maintaining Security Operations and Reduced Demand Due to COVID-19
First written in FY2020. 3 of 10 entries say "Materialised", first in FY2021-Q1. Latest entry: FY2023.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2023RestatedAnnual report
「The spread of the novel coronavirus may adversely affect the provision of services, sales activities and recruitment activities of the Group.」
The Group continues to disclose the potential adverse effects of infectious diseases on service provision, sales and recruitment as a key risk. It also describes past event cancellations and postponements and the suspension of in-person activities. - FY2022MaterialisedAnnual report
「In the fiscal year ending March 2022, some contracted services were canceled when the Tokyo 2020 Olympic and Paralympic Games, postponed from the previous fiscal year, were held without spectators, reducing revenue opportunities. Various events, including fireworks festivals, were also canceled, postponed, or scaled back, further reducing revenue opportunities.」
It explains that infectious disease risk actually affected revenue opportunities through cancellations of Olympic-related contracted services, event cancellations, postponements and downsizing, and the suspension of in-person sales and recruitment activities. - FY2022-Q3RestatedAnnual report
「The negative impact of the spread of COVID-19 on our group’s performance in the current fiscal year was extremely limited.」
The company reaffirms its view that the negative impact of the infectious disease on current-period performance was extremely limited. It does not state that the uncertainty surrounding the spread of infections or variant strains has been resolved. - FY2022-Q2MitigatedAnnual report
「The negative impact of the spread of COVID-19 on our group’s performance in the current fiscal year was extremely limited. At the same time, demand for temporary security services related to preventing the spread of COVID-19 increased during the pandemic, and we secured high earnings by responding nimbly.」
The company describes the negative impact of the infectious disease on current-period performance as “extremely limited” and explains that it secured high earnings by capturing demand for temporary security services related to preventing the spread of COVID-19. - FY2022-Q1MitigatedAnnual report
「The situation regarding the impact of COVID-19 remains unpredictable, but at present, the negative impact of the spread of COVID-19 on our performance in the current fiscal year is limited.」
Although uncertainty due to the spread of infections, variant viruses, and declarations of a state of emergency continues, the company explains that the negative impact on current-period performance is limited at present. It does not state that the operational constraints caused by the infectious disease have been resolved. - FY2021WorsenedAnnual report
「During the current consolidated fiscal year, security operations were temporarily reduced in response to requests from clients following the voluntary suspension of operations at commercial facilities and other locations served by our security services. There was also the termination of a security contract related to a major railway operator and a decline in orders for temporary security services. However, the mainstay office-related facility security business has generally maintained its conventional operating structure.」
The actual effects of the infectious disease included a temporary reduction in commercial facility security, the termination of a railway-related security contract, and a decline in orders for temporary security services, which weighed on performance throughout the fiscal year. - FY2021-Q3WorsenedAnnual report
「Although Japan is again experiencing a spread of infections, if the downturn in economic activity becomes prolonged, it may affect the continuation of our security contracts and our ability to win orders.」
In addition to declines in orders for commercial facility security and temporary security services, the company explicitly states that a renewed spread of infections and a prolonged downturn in economic activity may affect the continuation of security contracts and the acquisition of orders. - FY2021-Q2MaterialisedAnnual report
「Although security operations were temporarily reduced and orders for temporary security services declined in response to requests from clients and other coordination related to the voluntary suspension of operations at commercial facilities, the mainstay office-related facility security business has generally maintained its conventional operating structure. The group has also begun providing security services for several new contracts and responded to requests to increase staffing at existing contracts, limiting the overall impact on its facility security business.」
While temporary reductions in security operations at commercial facilities and a decline in orders for temporary security services continued as effects of the infectious disease, the company maintained its conventional structure for office-related facility security and responded to the launch of new contracts and requests for additional staffing at existing contracts. - FY2021-Q1MaterialisedAnnual report
「Although security operations were temporarily reduced and orders for temporary security services declined in response to requests from clients and other coordination related to the voluntary suspension of operations at commercial facilities, the mainstay office-related facility security business has generally maintained its conventional operating structure. The group has also begun providing security services for several new contracts, and the overall impact on the group’s facility security business has been limited.」
The company states that the impact of COVID-19 actually included temporary reductions in security operations at commercial facilities and a decline in orders for temporary security services. - FY2020First statedAnnual report
「Our group may be unable to maintain its security operations due to the spread of COVID-19. If a large number of people involved, including our group’s employees, become infected due to a cluster occurring at a facility under security, we may be forced to reduce or suspend our security operations. We may also be affected by lower demand resulting from the impact of the infectious disease.」
The company has disclosed the spread of infections among employees and others, reductions or suspensions of security operations, and lower demand due to economic deterioration as new major risks.