Impact of COVID-19 on business continuity and sales activities
First written in FY2020. 6 of 15 entries say "Restated". Latest entry: FY2025.
Meiho Enterprise moved to the "Worse" side of this theme in 2020.
The whole theme swung hardest in 2023: 1 of 7 companies on the "Worse" side.
3 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「With the easing and lifting of various restrictions associated with COVID-19, overall economic activity in society remained on a recovery trend, supported by the resumption of events and other activities, the recovery in domestic travel demand and inbound demand driven by an increase in visitors to Japan. The Group has formulated a policy for responding to COVID-19 and is working to prevent infections. However, if employees are restricted from coming to work because a business site is closed following the occurrence of infections or because of work-from-home arrangements, the Group may be unable to secure the personnel necessary to continue its business, resulting in disruptions to its business and sales activities and lower productivity, which could affect the Group's performance.」
While recognizing the recovery in economic activity resulting from the easing and lifting of restrictions and the recovery in inbound demand, the Group continues to disclose residual risks including business-site closures, difficulty securing personnel and disruptions to sales activities when infections occur. - FY2024-Q1MitigatedAnnual report
「With the easing and lifting of various restrictions associated with COVID-19, overall economic activity in society remained on a recovery trend, supported by the resumption of events and other activities, the recovery in domestic travel demand and inbound demand driven by an increase in visitors to Japan.」
It is stated that the easing and lifting of infection-related restrictions led to a recovery in events, domestic travel and inbound demand, further easing the previous impact on the business environment. - FY2023MitigatedAnnual report
「With the easing and lifting of various restrictions associated with COVID-19, overall economic activity in society remained on a recovery trend, supported by the resumption of events and other activities, the recovery in domestic travel demand and inbound demand driven by an increase in visitors to Japan.」
The Company described the easing and lifting of various infection-related restrictions and the recovery in economic activity, stating that the previous impact on the business environment was easing. Meanwhile, residual risks such as business-site closures when infections occur continue to be disclosed. - FY2023-Q3MitigatedAnnual report
「During the third quarter cumulative consolidated accounting period from 1 August 2022 to 30 April 2023, the impact of COVID-19 on the Japanese economy was moving toward containment, and socioeconomic activity was moving toward normalization, although inbound demand was recovering gradually due to the easing of border-control measures. The economy remained on a recovery trend.」
The Company stated that the impact of COVID-19 was moving toward containment and that socioeconomic activity was moving toward normalization against the backdrop of eased activity restrictions and border-control measures. - FY2023-Q2RestatedAnnual report
「During the second quarter cumulative consolidated accounting period from 1 August 2022 to 31 January 2023, the Japanese economy was gradually moving toward containment of the impact of COVID-19. Socioeconomic activity was gradually moving toward normalization, supported by the easing of restrictions on activities and border-control measures, and the economy remained on a recovery trend.」
The view that the impact of COVID-19 was gradually being contained and that socioeconomic activity was moving toward normalization against the backdrop of eased restrictions on activities and border-control measures continued. - FY2023-Q1MitigatedAnnual report
「During the first quarter cumulative consolidated accounting period, the Japanese economy was gradually moving toward containment of the impact of COVID-19, and although the recovery in socioeconomic activity was gradual, signs of recovery were emerging.」
The Company stated that the impact of COVID-19 was gradually moving toward containment as part of its assessment of the economic environment. Meanwhile, in the rental business, in-person seminars continued to be suspended. - FY2022RestatedAnnual report
「The Group has formulated a policy for responding to COVID-19 and is working to prevent infections so that it can actively use staggered working hours, work from home and other measures, while taking into consideration the health of its officers, employees and business partners, and continue its sales activities, in anticipation of threats such as a state of emergency declared by the government in response to the spread of COVID-19 and clusters of infected people at its business sites.」
The Company recognizes business-site closures, difficulty securing personnel and the impact on sales activities associated with COVID-19 as risks and continues to implement infection-prevention measures. - FY2022-Q3RestatedAnnual report
「With regard to the risk of COVID-19, as stated in the annual securities report for the previous fiscal year, the scale of the spread and the timing of containment remain uncertain, and the Group will continue to closely monitor the situation and its impact on the Group's business.」
The statement that the Group will continue to monitor the uncertainty surrounding the scale of COVID-19 and the timing of containment, as well as its impact on the business, has been repeated. - FY2022-Q2RestatedAnnual report
「With regard to the risk of COVID-19, as stated in the annual securities report for the previous fiscal year, the scale of the spread and the timing of containment remain uncertain, and the Group will continue to closely monitor the situation and its impact on the Group's business.」
It is stated that the Group will continue to monitor the uncertain scale of the spread of COVID-19 and the timing of containment, as well as its impact on the business. - FY2022-Q1RestatedAnnual report
「With regard to the risk of COVID-19, as stated in the annual securities report for the previous fiscal year, the scale of the spread and the timing of containment remain uncertain, and the Group will continue to closely monitor the situation and its impact on the Group's business.」
It is stated that the Group will continue to monitor the uncertain scale of the spread of COVID-19 and the timing of containment, as well as its impact on the business. - FY2021MaterialisedAnnual report
「As a result, the Group's net sales for the current consolidated fiscal year amounted to ¥10,181 million, up 2.8% year on year. This reflected projects whose sales timing was deferred from the previous fiscal year to the current fiscal year due to the declaration of a state of emergency, while the impact of COVID-19 was limited during the current fiscal year.」
The full-year results continue to state that some projects had their sales timing deferred from the previous fiscal year to the current fiscal year due to the declaration of a state of emergency. - FY2021-Q3MaterialisedAnnual report
「In the real estate subdivision business, due to factors including the reissuance of a state of emergency, sales projects originally scheduled for the second quarter accounting period under the initial plan were deferred to the third quarter. As a result, during the third quarter consolidated accounting period, the Company delivered Mihas Hatsudai (Shibuya-ku, Tokyo), Mihas Ikebukuro (Toshima-ku, Tokyo) and 6 other buildings, 1 building, the premium rental apartment complex El Faro Hikawadai (Nerima-ku, Tokyo), as well as used properties that had been renovated for resale and development sites.」
The reissuance of a state of emergency continued to result in projects scheduled for the second quarter being deferred to the third quarter. - FY2021-Q2MaterialisedAnnual report
「In the real estate subdivision business, due to factors including the reissuance of a state of emergency, sales projects originally scheduled for the second quarter accounting period under the initial plan were deferred to the third quarter or later. As a result, during the second quarter consolidated accounting period, the Company delivered 2 buildings, Mihas Sengawa II (Itabashi-ku, Tokyo) and Mihas Nakano-Fujimicho (Suginami-ku, Tokyo), and 1 building, the premium rental apartment complex El Faro Shoin-jinja-mae (Setagaya-ku, Tokyo).」
The reissuance of a state of emergency associated with COVID-19 actually caused sales projects originally scheduled for the second quarter to be deferred to the third quarter or later. - FY2021-Q1MaterialisedAnnual report
「In the real estate development business, sales activity was affected by stagnation and contraction during the state of emergency. As a result of focusing on sales of the core MIJAS brand, including properties whose scheduled sales had been pushed back from the previous consolidated fiscal year, we completed the handover of 5 properties, including Mijas Nishi-Shinjuku (Shinjuku, Tokyo), Mijas Hamadayama (Suginami, Tokyo) and Mijas Mejiro (Toshima, Tokyo), compared with 3 properties in the same quarter of the previous year.」
It is stated that the stagnation and contraction of sales activities during the state of emergency associated with COVID-19 actually resulted in scheduled sales projects being deferred to the following period. - FY2020First statedAnnual report
「The Group has formulated a policy for responding to COVID-19 and is working to prevent infections, anticipating the emergence of threats such as a state of emergency declared by the government in response to the spread of COVID-19 and clusters of infected people at its business sites. However, if the Company's employees are restricted from coming to work because a business site is closed following the occurrence of infections or because of work-from-home arrangements, the Group may be unable to secure the personnel necessary to continue its business, resulting in disruptions to its business and sales activities and lower productivity, which could affect the Group's performance.」
The Company explicitly identified business-site closures, difficulty securing personnel and disruptions to sales activities associated with COVID-19 as new major risks. It also actually described the stagnation and contraction of sales activities after the declaration of a state of emergency and the deferral of scheduled sales projects to the following period.