Impact of the Prolonged COVID-19 Pandemic on Utilization and Costs
First written in FY2020. 8 of 17 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2025DroppedAnnual report
「If infectious diseases such as COVID-19, influenza or norovirus occur and many childcare workers, staff members or children working or attending the facility become infected, facility operations may be disrupted.」
The risk of disruption to facility operations from infectious diseases continues to be disclosed, but this filing does not explicitly identify a separate performance-impact thread concerning lower utilisation or higher response costs due to the prolonged pandemic. - FY2024MitigatedAnnual report
「As COVID-19 was reclassified under the Infectious Diseases Control Law from Category II to Category V and the situation began to settle, socioeconomic activity moved towards normalisation.」
The disclosure cites the reclassification of COVID-19 as a Category V infectious disease and the normalisation of socioeconomic activity, indicating that the impact on the business environment from the prolonged pandemic is easing. - FY2024-Q3RestatedAnnual report
「Normalisation of socioeconomic activity progressed, partly because COVID-19 was reclassified under the Infectious Diseases Control Law in May as a Category V infectious disease.」
The disclosure continues to cite the reclassification of COVID-19 as a Category V infectious disease and the normalisation of socioeconomic activity, maintaining the assessment that the business impact of the prolonged pandemic is easing. - FY2024-Q2MitigatedAnnual report
「Normalisation of socioeconomic activity progressed, partly because COVID-19 was reclassified under the Infectious Diseases Control Law in May as a Category V infectious disease.」
The disclosure indicates that socioeconomic activity has normalised as COVID-19 was reclassified as a Category V infectious disease, and that the business impact of the prolonged pandemic has become less severe than before. - FY2024-Q1MitigatedAnnual report
「With the easing of restrictions on activity related to COVID-19, signs of a return to normality have finally begun to emerge in social activity.」
The disclosure indicates that restrictions on activity have been eased and that social activity is showing signs of normalisation. Its assessment of the business impact of the prolonged pandemic has become less severe than before. - FY2023-Q3WorsenedAnnual report
「During the first 3 quarters of the fiscal year, Japan's economy showed signs of improvement as social activity moved towards normalisation while balancing the prevention of COVID-19 infections with economic activity. However, the economy has remained stalled amid the eighth wave of infections.」
The disclosure indicates that recovery has stalled due to the eighth wave despite progress towards normalisation of social activity, showing that the infection risk has continued and resurged. - FY2023-Q2WorsenedAnnual report
「During the seventh wave of COVID-19 infections, which began in July, infections resurged, with the number of new cases temporarily becoming the highest in the world.」
The resurgence of COVID-19 infections during the seventh wave is disclosed as a business-environment risk. - FY2023-Q1RestatedAnnual report
「During the first three months of the current consolidated fiscal year, there were no material changes to the assumptions, including those concerning the timing of the end of the COVID-19 pandemic, described in the annual securities report for the previous consolidated fiscal year.」
The Group states that there have been no material changes to the assumptions concerning the timing of the end of the COVID-19 pandemic. - FY2022RestatedAnnual report
「If the COVID-19 pandemic continues for an extended period, the Group's business performance may be affected by lower revenue resulting from a decline in utilization of its preschool-integrated childcare centers following renewed requests from local governments to refrain from attending, as well as higher costs for securing the required number of childcare workers if childcare workers or other people connected with the Group become infected.」
The risk of lower preschool utilisation and higher response costs due to the prolonged pandemic continues to be disclosed. The accounting estimates assume that the impact will continue through a certain period of the fiscal year ending March 2023. - FY2022-Q3RestatedAnnual report
「During the first nine months of the current consolidated fiscal year, there were no material changes to the assumptions, including those concerning the timing of the end of the COVID-19 pandemic, described in the annual securities report for the previous consolidated fiscal year.」
The Group states that there have been no material changes to the assumptions concerning the timing of the end of the COVID-19 pandemic. - FY2022-Q2RestatedAnnual report
「As a result of its efforts to prevent COVID-19 infections and their spread at the facilities operated by the Group, the impact on business performance was minor.」
The Group states that the impact on business performance during the first six months of the current fiscal year was minor as a result of its efforts to prevent infections and their spread. - FY2022-Q1RestatedAnnual report
「During the first three months of the current consolidated fiscal year, there were no material changes to the assumptions, including those concerning the timing of the end of the COVID-19 pandemic, described in the annual securities report for the previous consolidated fiscal year.」
The Group states that there have been no material changes to the assumptions concerning the timing of the end of the COVID-19 pandemic. - FY2021MitigatedAnnual report
「From the second quarter onward, the Group continued providing services tailored to users even during periods of closure, including online childcare services. As a result, utilization after reopening remained above pre-closure levels. Consequently, the impact of the spread of the novel infectious disease was minor.」
The Group states that, following measures including online childcare, utilization of its preschool-integrated childcare centers exceeded pre-closure levels and the impact of the spread of the infectious disease on business performance was minor. - FY2021-Q3MitigatedAnnual report
「Through these initiatives, the Group has created an environment where children can attend with peace of mind even though the end of the COVID-19 pandemic remains unforeseeable, and utilization of its preschool-integrated childcare centers has remained steady without being affected by the pandemic.」
Although the situation in which the end of the infectious disease outbreak remains unforeseeable continues, the Group states that utilization of its preschool-integrated childcare centers remained steady without being affected by the outbreak as a result of infection-control and other initiatives. - FY2021-Q2RestatedAnnual report
「During the first six months of the current consolidated fiscal year, there were no material changes to the assumptions, including those concerning the timing of the end of the COVID-19 pandemic, described in the annual securities report for the previous consolidated fiscal year.」
The Group states that there have been no material changes to the assumptions concerning the timing of the end of the COVID-19 pandemic and that there have likewise been no material changes to the infectious disease risk. - FY2021-Q1RestatedAnnual report
「Even after the state of emergency was lifted, concerns and anxiety about a second wave remained significant, and uncertainty about the outlook is expected to continue.」
The Group continues to describe uncertainty about the outlook caused by COVID-19 and concerns about a second wave. It also states that there have been no material changes to the business and other risks from the previous fiscal year. - FY2020First statedAnnual report
「If the COVID-19 pandemic continues for an extended period, the Group's business performance may be affected by lower revenue resulting from a decline in utilization of its preschool-integrated childcare centers following renewed requests from local governments to refrain from attending, as well as higher costs for securing the required number of childcare workers if childcare workers or other people connected with the Group become infected.」
Although the infectious disease outbreak itself is ongoing, the stated declines in revenue and increases in response costs are presented as future possibilities.