Suspension of classrooms and events due to infectious disease outbreaks
First written in FY2018. 4 of 11 entries say "Restated". Latest entry: FY2025.
No other company in this theme has enough history to compare yet.
- FY2025RestatedAnnual report
「If a highly contagious disease such as COVID-19 or a novel influenza virus spreads, in the domestic and overseas markets where the Group operates, government lockdowns and requests to refrain from activities could lead to the temporary suspension of plant operations or production cuts.」
The Group continues to identify the risks of plant shutdowns and production cuts, store closures, classroom suspensions and event cancellations due to infectious disease outbreaks as risks to its domestic and overseas business activities. - FY2023-Q3RestatedAnnual report
「Music and physical education schools undertook initiatives including student recruitment and event activities while working to prevent the spread of COVID-19.」
In response to the risk of classroom suspensions and event cancellations during infectious disease outbreaks, classroom activities and events have continued while measures are taken to prevent the spread of infection. - FY2023-Q2RestatedAnnual report
「Music and physical education schools undertook initiatives including student recruitment and event activities while working to prevent the spread of COVID-19.」
To address the risk of classroom suspensions and event cancellations due to infectious diseases, the Company has continued recruiting students and holding events while working to prevent the spread of infection. - FY2022-Q3MitigatedAnnual report
「Losses from infectious diseases 825 —」
Losses from infectious diseases fell from ¥825 million in the same period of the previous year to zero in the current period, indicating that the financial impact of infectious diseases on classrooms, events and other operations had eased. - FY2022-Q2MitigatedAnnual report
「Music and physical education schools improved significantly as the company worked to prevent the spread of COVID-19 and student recruitment and event activities remained solid.」
The Company explained that the impact of infectious diseases on the classroom business improved significantly through measures to prevent the spread of infection, solid student recruitment and the holding of events. - FY2022-Q1MitigatedAnnual report
「Music and physical education schools improved significantly, mainly because spring student recruitment remained solid during the current period, compared with the previous period, which was heavily affected by domestic class suspensions associated with the spread of COVID-19.」
The Company explained that the impact on the classroom business from class suspensions, events and other measures that actually occurred in the previous fiscal year improved significantly, supported by solid spring student recruitment. - FY2021-Q3RestatedAnnual report
「Losses from infectious diseases — 825」
The impact of infectious diseases on classrooms, events and other operations continued, and an extraordinary loss of ¥825 million was recorded for the nine months ended the third quarter. Domestic music and physical education classes were on a recovery trend, although the effects of the class suspensions in the first quarter remained. - FY2021-Q2MaterialisedAnnual report
「Losses from infectious diseases — 824」
The impact of COVID-19 on classrooms, events and other operations was recorded as an extraordinary loss of ¥824 million from infectious diseases. - FY2021-Q1WorsenedAnnual report
「The Group was also affected by the suspension of business activities in response to the spread of COVID-19, including a decline in its core piano sales, the suspension of classroom lessons and the cancellation of events.」
The infectious disease risk continued and expanded in the form of lower core piano sales, suspended music and physical education classes, and canceled events. In the first quarter, the Company also recorded ¥820 million in losses from infectious diseases as an extraordinary loss. - FY2020MaterialisedAnnual report
「If a highly contagious disease such as COVID-19 or a novel influenza virus spreads, the Company may be forced to suspend music and physical education classes and cancel events such as concerts. Depending on the scale and duration of the outbreak, the Group's operating performance could deteriorate due to factors including lower revenue.」
COVID-19 actually spread, resulting in the suspension of music and physical education classes and cancellation of events, and losses of ¥142 million due to the suspension of classes and other measures. - FY2018First statedAnnual report
「If a highly contagious disease such as a novel influenza virus spreads, the Company may be forced to suspend music and physical education classes and cancel events such as concerts.」
The Group identifies as operating risks the suspension of music and physical education classes and the cancellation of concerts and other events due to infectious disease outbreaks.