Risk of Reduced Transactions and Business Disruptions Due to the Spread of COVID-19
First written in FY2021. 3 of 6 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2025DroppedAnnual reportIn FY2025's "Business and Other Risks," the previously disclosed risk of fewer transactions and business disruptions resulting from the spread of COVID-19 can no longer be found.
- FY2022RestatedAnnual report
「However, if infectious diseases such as COVID-19 continue to spread and remain prevalent for an extended period, the performance of franchisees may deteriorate because business operations could be disrupted by a decline in real estate transactions in the real estate distribution industry to which the company belongs, employees contracting the diseases and other factors, which could ultimately affect the company's performance and business activities.」
The company reiterates the risks of fewer transactions, employees contracting infectious diseases, business disruptions and deteriorating franchisee performance resulting from the prolonged spread and prevalence of infectious diseases. - FY2022-Q3WorsenedAnnual report
「Going forward, close attention must be paid to the downside risk to the economy from the rapid spread of the Omicron variant, which is considered to be more transmissible.」
The company explicitly identified the downside risk to the economy from the rapid spread of the Omicron variant, considered to be more transmissible, and has increased its focus on infectious disease-related risks. - FY2022-Q2RestatedAnnual report
「Looking ahead, the economy is expected to recover gradually as restrictions on activities are eased in stages. However, it will remain necessary to closely monitor the impact of infectious disease trends in Japan and overseas, as well as fluctuations in the financial and capital markets.」
We continue to monitor the impact of infectious disease trends on the economy and the business environment. - FY2022-Q1RestatedAnnual report
「The company needs to pay close attention to the future impact of infectious diseases on domestic and overseas economies.」
We continue to monitor the impact of infectious disease trends on the domestic and global economies. - FY2021First statedAnnual report
「However, if infectious diseases such as COVID-19 continue to spread over an extended period, business operations may be disrupted by a decline in real estate transactions in the real estate distribution industry to which we belong and employees becoming infected. This could worsen the performance of franchisees and, in turn, affect our performance and business activities. / The decline in revenue in the first quarter, down 17.8% year on year due to the impact of the spread of COVID-19 and other factors, weighed on overall revenue, which totaled ¥3,867 million, down 6.0% year on year.」
The company newly identified the possibility of reduced transactions and business disruption if the spread of infection continues for an extended period, and stated that the impact of the spread of infection had already materialized in its results, including a 17.8% decline in first-quarter revenue.