Operational suspensions and revenue decline due to the spread of COVID-19
First written in FY2020. 5 of 12 entries say "Materialised", first in FY2020. Latest entry: FY2023-Q3.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2023-Q3MaterialisedAnnual report
「Revenue from acoustic pianos declined due to the impact of disruption caused by COVID-19 in China.」
While the impact of infectious diseases is generally expected to improve gradually, disruption has continued in China, where it has materialized as a decline in acoustic piano revenue. - FY2023-Q2Assumed improvement in the impact of COVID-19 as restrictions are easedAnnual report
「At the end of the second quarter, the company assumed that the impact of COVID-19 would continue to improve gradually.」
The company assumes that economic activity will normalize as restrictions are eased, leading to a gradual improvement in the impact of COVID-19. At the same time, the impact of the pandemic itself continues to be treated as an assumption subject to uncertainty. - FY2023-Q1RestatedAnnual report
「At the end of the first quarter, the outlook for the impact of COVID-19 remained uncertain, partly due to the spread of new variants, but the company assumed that conditions would gradually improve over the long term.」
Uncertainty over the impact of COVID-19 due to new variants continued, while the company maintained its assumption that conditions would gradually improve over the long term. - FY2022Earnings recovery alongside uncertainty over supply shortages and COVID-19Annual report
「Although product shortages caused by difficulties procuring semiconductors and disruptions to logistics continued, revenue increased by ¥30.028 billion, or 11.0%, year on year to ¥302.331 billion as recovery from the impact of the spread of COVID-19 progressed.」
Revenue increased as the impact of the spread of COVID-19 eased, while product shortages caused by difficulties procuring semiconductors and logistics disruptions continued. - FY2022-Q3Earnings recovery alongside uncertainty over supply shortages and COVID-19Annual report
「Although product shortages caused by difficulties procuring semiconductors and disruptions to logistics continued, revenue increased by ¥30.028 billion, or 11.0%, year on year to ¥302.331 billion as recovery from the impact of the spread of COVID-19 progressed.」
Revenue increased 11.0% year on year as recovery from the impact of the spread of COVID-19 progressed, while product shortages caused by difficulties procuring semiconductors and logistics disruptions continued. - FY2022-Q2Earnings recovery alongside uncertainty over the impact of COVID-19 and supply constraintsAnnual report
「Under these circumstances, revenue for the six months ended September 2020 increased by ¥33.694 billion, or 20.4%, year on year to ¥198.498 billion as recovery from the impact of the spread of COVID-19 progressed.」
Revenue increased 20.4% year on year as recovery from the impact of the spread of COVID-19 progressed. At the same time, uncertainty over the impact of the pandemic and future supply conditions continued. - FY2022-Q1Earnings recovery alongside uncertainty over the impact of COVID-19Annual report
「Although the impact of the spread of COVID-19 on our group remains highly uncertain, we are estimating future earnings on the assumption that conditions will continue to improve gradually.」
Revenue and profit recovered from the same period of the previous year in the first quarter, while the impact of the spread of COVID-19 remained highly uncertain, and the company stated that the possibility of an impact from a renewed spread of infections remained. - FY2021MaterialisedAnnual report
「Other expenses increased due to the recording of an operating shutdown loss of ¥2.318 billion and impairment losses on property, plant and equipment of ¥3.553 billion related to the spread of COVID-19.」
The company recorded an operating shutdown loss of ¥2.318 billion and impairment losses on property, plant and equipment of ¥3.553 billion due to COVID-19, and the impact continued. - FY2021-Q3MaterialisedAnnual report
「However, earnings were trending upward. Revenue for the three months ended December 2020 decreased by ¥6.591 billion, or 5.8%, year on year to ¥107.499 billion due to the impact of the spread of COVID-19 and product shortages, but business profit decreased by only ¥255 million, or 1.6%, to ¥15.997 billion, and the business profit margin exceeded that of the same period of the previous year.」
Revenue continued to decline due to the spread of COVID-19 and product shortages, but in the third quarter alone, both the decline in revenue and the decline in business profit narrowed, and an improving earnings trend was also reported. - FY2021-Q2ReframedAnnual report
「As COVID-19 has become a pandemic, efforts toward the new normal have grown in importance. Accordingly, “dramatic changes in the business environment (including pandemics and other events)” will be separated from “changes in the business environment” and established as an independent risk item.」
The impact of the spread of COVID-19 was separated from the existing business environment risk and reorganized as an independent risk item titled “dramatic changes in the business environment (including pandemics and other events).” - FY2021-Q1MaterialisedAnnual report
「Under these circumstances, revenue for the three months ended June 2020 decreased by ¥27.730 billion, or 27.9%, year on year to ¥71.787 billion due to the impact of the spread of COVID-19, including a negative foreign exchange impact of ¥2.4 billion.」
The closure of stores and music schools, factory shutdowns and contraction of the live entertainment market due to the spread of COVID-19 appeared as a decline in revenue in the first quarter. The company also recorded an operating shutdown loss of ¥2.544 billion and stated that the impact on future earnings could persist if the effects lasted longer than anticipated. - FY2020MaterialisedAnnual report
「Revenue for the fiscal year under review decreased by ¥20.145 billion, or 4.6%, year on year to ¥414.227 billion, due to the negative impact of ¥13.7 billion from the spread of COVID-19, the negative foreign exchange impact of ¥13.1 billion, and weak market conditions in the components and equipment business.」
The spread of COVID-19 resulted in the closure of stores and music schools, factory shutdowns and event cancellations, causing a negative ¥13.7 billion impact on revenue. The company also recorded an operating shutdown loss of ¥1.386 billion and impairment losses of ¥3.330 billion.