Impact of COVID-19 on European Operations and Project Progress
First written in FY2020-Q3. 5 of 6 entries say "Materialised", first in FY2020-Q3. Latest entry: FY2023-Q3.
Goodpatch moved to the "Worse" side of this theme in 2020, 3 years before the typical company in this theme (2023).
The whole theme swung hardest in 2025: 9 of 18 companies on the "Worse" side.
0 other companies' latest entry also says "Materialised".
- FY2023-Q3MaterialisedAnnual report
「Revenue from external customers in the Design Partner business during the current third-quarter consolidated cumulative period was ¥2,647.873 million, up 1.8% year on year, and operating profit was ¥348.084 million, down 28.1%.」
While the liquidation proceedings for Goodpatch GmbH continued, revenue of ¥33.522 million and a segment loss of ¥35.497 million were recognised in Germany, with the impact of the overseas business reflected in performance. - FY2023-Q2MaterialisedAnnual report
「Revenue from external customers in the Design Partner business during the current second-quarter consolidated cumulative period was ¥1,676.002 million, down 2.5% year on year, and operating profit was ¥182.851 million, down 53.8%.」
In the Design Partner business, which includes the former overseas and European businesses including Goodpatch GmbH, revenue and operating profit were below the year-earlier levels. - FY2023-Q1MaterialisedAnnual report
「Although the acquisition of new projects showed improvement during the current first-quarter consolidated cumulative period, revenue declined and the Company recorded an operating loss because of the slowdown in new project acquisitions during the previous fourth-quarter consolidated accounting period and the suspension of projects following the resolution to dissolve consolidated subsidiary Goodpatch GmbH.」
The suspension of projects following the resolution to dissolve Goodpatch GmbH is reflected in actual results as a factor behind the decline in revenue and the operating loss. - FY2022MaterialisedAnnual report
「However, as performance continued to languish in recent years because of the impact of COVID-19 and the poor performance of various measures, we have sought to optimise investment while pursuing business growth.」
The continued weak performance of the European subsidiary due to the impact of COVID-19 and other factors is described, with the impact on the overseas business leading to the decision to reorganise and dissolve the business. - FY2020WorsenedAnnual report
「The spread of COVID-19 had a severe impact on the European economy. The number of cases was also higher than in Japan, and at the peak of the pandemic strict lockdowns were imposed, at times bringing business activity as a whole to a temporary standstill.」
The impact on the European business intensified, taking the form of a temporary business suspension, excess personnel and losses from the closure of the Paris branch. - FY2020-Q3MaterialisedAnnual report
「During the current third-quarter consolidated accounting period, the European economy stagnated as a result of the spread of COVID-19, and the average number of projects per month declined because of the time lag between the completion of scheduled projects and the start of new projects.」
The stagnation of the European economy and the time lag between projects are cited as factors behind the decline in the average number of projects per month.