Business Impact of COVID-19
First written in FY2020. 7 of 15 entries say "Materialised", first in FY2021-Q1. Latest entry: FY2024.
I.A Group moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
The whole theme swung hardest in 2020: 24 of 28 companies on the "Worse" side.
10 other companies' latest entry also says "Mitigated".
- FY2024MitigatedAnnual report
「Although the effects of COVID-19 have eased, we held weddings while thoroughly implementing infection-control measures that placed customer safety first.」
As the direct business restrictions imposed by COVID-19 eased, weddings continued with infection-control measures in place, and the bridal business reported higher revenue and profit than in the previous fiscal year. - FY2024-Q3MitigatedAnnual report
「As the impact of the infectious disease subsided, weddings were held while thorough infection-prevention measures were implemented with customer safety as the top priority. Revenue increased year on year because the Company worked to strengthen wedding bookings in the first quarter and renovations at some venues at Arc-en-Ciel Yokohama received customer support.」
As the effects of COVID-19 eased, the bridal business increased revenue year on year by strengthening wedding bookings and renovating venues while continuing its infection-control measures. - FY2024-Q1ReframedAnnual report
「Although the effects of COVID-19 have eased, we held weddings while thoroughly implementing infection-control measures that placed customer safety first. However, because many weddings postponed due to COVID-19 were held in the same period of the previous year, revenue and profit declined compared with that period.」
As the effects of COVID-19 eased and infection-control measures continued, the bridal business reported a 10.6% year-on-year decline in revenue and a segment loss of ¥14 million, reflecting the impact of the large number of postponed weddings held in the same period of the previous year. The explanation has shifted from direct restrictions imposed by COVID-19 to the comparison effect of weddings postponed in the previous year. - FY2023-Q3MitigatedAnnual report
「As the effects of COVID-19 eased, the number of cancellations and postponements declined and the number of attendees recovered. We held weddings while thoroughly implementing infection-control measures that placed customer safety first, resulting in higher revenue and profit than in the same period of the previous year.」
As the effects of COVID-19 eased, wedding cancellations and postponements declined and the number of attendees recovered. Weddings were held while infection-control measures continued, and the bridal business reported higher revenue and profit year on year. - FY2023-Q2MitigatedAnnual report
「As the effects of COVID-19 eased, the number of cancellations and postponements declined and the number of attendees recovered. We held weddings while thoroughly implementing infection-control measures that placed customer safety first, resulting in higher revenue and profit than in the same period of the previous year.」
As the effects of COVID-19 eased, wedding cancellations and postponements declined and the number of attendees recovered. Weddings were held while infection-control measures continued, and the bridal business reported higher revenue and profit year on year. - FY2023-Q1MitigatedAnnual report
「As the effects of COVID-19 eased, the number of cancellations and postponements declined and the number of attendees recovered. We held weddings while thoroughly implementing infection-control measures that placed customer safety first, resulting in higher revenue and profit than in the same period of the previous year.」
As the effects of COVID-19 eased, wedding cancellations and postponements declined and the number of attendees recovered. The bridal business reported higher revenue and profit year on year while continuing its infection-control measures. - FY2022MaterialisedAnnual report
「Amid the spread of COVID-19 caused by variants, weddings were postponed or held on a smaller scale during the fiscal year, as in the previous fiscal year. However, we held weddings while thoroughly implementing infection-control measures that placed customer safety first, resulting in higher revenue and profit than in the same period of the previous year.」
The spread of COVID-19 caused by variants led to postponed and downsized weddings during the year, as well. Meanwhile, weddings were held while infection-control measures were thoroughly implemented, and the bridal business reported higher revenue and profit year on year. - FY2022-Q3RestatedAnnual report
「In response to the spread of COVID-19, we held weddings while thoroughly implementing infection-control measures that placed customer safety first, including refraining from serving alcoholic beverages in response to requests from local authorities. As a result, revenue and profit increased compared with the same period of the previous year.」
The spread of COVID-19 and the suspension of alcoholic beverage service in response to requests from local authorities have affected wedding operations. Meanwhile, weddings continued with infection-control measures in place, and the bridal business reported higher revenue and profit year on year. - FY2022-Q2MaterialisedAnnual report
「In response to the spread of COVID-19, we held weddings while thoroughly implementing infection-control measures that placed customer safety first, including refraining from serving alcoholic beverages in response to requests from local authorities. As a result, revenue and profit increased compared with the first six months of the previous fiscal year.」
The spread of COVID-19 and the suspension of alcoholic beverage service in response to requests from local authorities have directly affected wedding operations. Meanwhile, weddings continued with infection-control measures in place, and the bridal business reported higher revenue year on year, with the loss narrowing. - FY2022-Q1MaterialisedAnnual report
「In response to the spread of COVID-19, we held weddings while thoroughly implementing infection-control measures that placed customer safety first, including refraining from serving alcoholic beverages in response to requests from local authorities. As a result, revenue and profit increased compared with the first quarter of the previous fiscal year.」
The spread of COVID-19 and the suspension of alcoholic beverage service in response to requests from local authorities have directly affected wedding operations. Meanwhile, weddings were held with infection-control measures in place, and the bridal business reported higher revenue and profit year on year. - FY2021MaterialisedAnnual report
「Due to the spread of COVID-19, a considerable number of weddings reserved throughout the fiscal year were postponed or held on a smaller scale. Although the number of weddings held began to recover from October 2020, the reissuance of a state of emergency resulted in the postponement of scheduled weddings and other effects, leading to lower revenue and profit than in the same period of the previous year.」
Weddings were postponed or scaled back throughout the year due to COVID-19, resulting in lower revenue and profit for the bridal business. - FY2021-Q3MaterialisedAnnual report
「The business environment remains uncertain, amid the recent resurgence of COVID-19 and the reissuance of states of emergency in Tokyo, Kanagawa, Aichi and Osaka.」
The resurgence of COVID-19 and the reissuance of states of emergency remain sources of uncertainty in the business environment. - FY2021-Q2MaterialisedAnnual report
「(Bridal business) Because a considerable number of weddings booked for the nine-month period of the current consolidated fiscal year were postponed as the infection spread, revenue and profit decreased compared with the same period of the previous year.」
Because a considerable number of weddings continued to be postponed as the infection spread, the bridal business recorded revenue of ¥598 million, down 86.3% year on year, and a segment loss of ¥1,674 million. The impact of the pandemic has materialized in the nine-month results. - FY2021-Q1MaterialisedAnnual report
「(Bridal business) Because a considerable number of weddings booked for the first quarter of the current consolidated fiscal year were postponed as the infection spread, revenue and profit decreased compared with the first quarter of the previous consolidated fiscal year.」
Because a considerable number of booked weddings were postponed as the infection spread, revenue in the bridal business decreased 96.1% year on year and the segment recorded a loss of ¥902 million. The impact of the pandemic has materialized in business results. - FY2020First statedAnnual report
「From the fiscal year ending March 2020 to the fiscal year ending March 2021, the Group's business environment was expected to become even more challenging, with risks including the negative impact of the spread of COVID-19 on domestic and overseas economies, in addition to market contraction due to the declining birthrate and aging population, intensifying competition, expanding damage from successive natural disasters, and rising uncertainty over trade issues in overseas economies.」
The spread of COVID-19 was identified as a new company-wide risk, and actual business impacts arose from stay-at-home requests and postponed or cancelled weddings.