Business Impact of COVID-19

「In the construction-related services and construction businesses, public investment remained firm, including the allocation of approximately ¥2.2 trillion in supplementary funds for public works-related expenditure in the national FY2023 general-account budget. In the human resources-related services business, demand for temporary technical personnel increased ahead of the application of overtime caps to the construction industry from FY2024, the industry in which the Group’s major customers operate. In the nursing care business, facility closures and users refraining from services due to COVID-19 subsided, and the number of users began to recover.」

「In the nursing care business, the legal classification of COVID-19 was changed to Category 5. This has resulted in some easing of operating restrictions, including allowing facilities to continue operating based on individual circumstances rather than requiring uniform closure when an infection occurs.」

「As society has continued adapting to living with COVID-19, the number of users has begun to recover compared with the period when infections were spreading.」

「As society has continued adapting to living with COVID-19, users have gradually returned compared with the period when infections were spreading.」

「Although users have been returning as society adapts to living with COVID-19, the outlook remains uncertain because many continue to refrain from using services due to concerns about infection amid the spread of the eighth wave of COVID-19.」

「In the nursing care business, newly opened facilities that began operating in the third quarter of the previous fiscal year contributed to sales. However, utilization rates declined at some facilities because of closures and users refraining from visits amid the spread of COVID-19. As a result, sales rose to ¥163.775 million, up 2.3% year on year, while segment profit fell to ¥12.694 million, down 58.9%.」

「As measures to prevent COVID-19, the Group has sought to prevent the spread of infection through temperature checks, mask wearing, thorough handwashing and gargling, and telework in departments where it is feasible.」

「In the nursing care industry, as the spread of COVID-19 affected society, the Company worked to prevent infections and continue operations in accordance with guidelines. It also implemented various infection-control measures, including preventing severe illness among elderly people who became infected, reducing infection risks for employees and ensuring their safety, and made every effort to continue providing services wherever possible in cooperation with government authorities.」

「In the temporary staffing and security services industries, labor shortages had been worsening amid sustained improvements in various employment indicators. The continuing spread of COVID-19 nevertheless forced workers to have their employment terminated or to remain at home. In addition, the suspension of the sending of foreign workers from Cambodia continues at the request of the country concerned and Japan.」

「Although the construction industry was affected by delays in the ordering of public works and in the completion of certain projects due to COVID-19, The business of organizations sending foreign workers from Cambodia was also significantly affected when the sending of workers itself was suspended at the request of the country concerned and Japan.」

「Although the construction industry was affected by delays in the ordering of public works and in the completion of certain projects due to COVID-19, The business of organizations sending foreign workers from Cambodia was also significantly affected when the sending of workers itself was suspended at the request of the country concerned and Japan.」