Impact of the Spread of COVID-19 on Human Resources Services and Advertising Revenue
First written in FY2021. 2 of 7 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2026ReframedAnnual report
「If a pandemic occurs and operations are restricted because many employees become infected or movement restrictions are imposed, the Group's head-office operations may become impossible and its employees may have difficulty working at their assigned locations, which may materially affect the Group's performance.」
It is framed as a business continuity and operational restriction risk arising from a pandemic, rather than as a direct impact of COVID-19 on advertising revenue and human resources services. - FY2024-Q1SoftenedAnnual report
「Most restrictions on social and economic activity imposed since 2020 to prevent the spread of COVID-19 have been lifted. For the Group, the impact on performance of the restrictions and their removal has been limited, and this trend is expected to continue.」
The description has changed to state that most restrictions on social and economic activity have been lifted and that the impact on performance from the restrictions and their removal has been limited. - FY2023SoftenedAnnual report
「During the consolidated fiscal year under review, Japan's economy showed signs of recovery as restrictions on activities related to COVID-19 were eased. However, it remained only halfway to a full economic recovery, owing in part to the sharp depreciation of the yen against the U.S. dollar.」
It states that restrictions on activities related to COVID-19 had been eased, reducing the previous direct concern about the impact of the spread of infection on advertising revenue, while uncertainty in the economic environment remained. - FY2023-Q2RestatedAnnual report
「As the impact of the spread of COVID-19 continued from the previous consolidated fiscal year, the Company took comprehensive measures to prevent the spread of infection, while economic activity gradually began to resume toward its pre-pandemic level.」
It continues to describe the prolonged impact of COVID-19 as part of the business environment. - FY2022RestatedAnnual report
「In the media business, the real economy weakened and advertising spending contracted due to the impact of COVID-19, causing the unit price of recent ad network revenue to decline. If the spread of COVID-19 continues, advertising spending is expected to contract further, which may cause the unit price of ad network revenue to decline further and may materially affect the Group's performance.」
It reconfirms both the actual decline in advertising rates and the possibility of a further decline if the spread of infection continues. - FY2022-Q1WorsenedAnnual report
「However, as the unit price per page view declined along with the contraction in companies' advertising and promotional spending, which has continued since the previous year, revenue decreased compared with the previous fiscal year.」
The decline in advertising rates resulting from reduced advertising and promotional spending continued, and media revenue decreased year on year. - FY2021MaterialisedAnnual report
「As the real economy weakened and advertising spending contracted due to the impact of COVID-19, the unit price of the Group's recent ad network revenue declined.」
It indicates that advertising rates have already declined and could fall further if the spread of infection continues.