Business Impact of the Spread of COVID-19
First written in FY2020-Q3. 5 of 15 entries say "Worsened", first in FY2021-Q2. Latest entry: FY2025.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2025ReframedAnnual report
「The prolonged impact of COVID-19 has subsided, socioeconomic activity has moved toward normalization, and a marked recovery in earnings has also been seen in the facility-management business, centered on the hotel and contract facility-management businesses, and the tourism business, centered on travel services. However, if infections spread again due to a new variant or an unknown infectious disease, the Group's business results and other matters may be affected.」
The disclosure was reorganized from the previous ongoing business impact of COVID-19 to a risk conditional on renewed spread caused by a new variant or an unknown infectious disease in the future, as the impact had subsided. - FY2024-Q3RestatedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, personal consumption and corporate earnings remained firm as socioeconomic activity normalized. The economy continued to show signs of a gradual recovery, including an upward trend in wage increases resulting from improvements in employment and income conditions and active stock markets.」
The disclosure continued to describe the normalization of socioeconomic activity and the ongoing economic recovery after the impact of COVID-19 subsided. - FY2024-Q2RestatedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, the impact of COVID-19 subsided, and socioeconomic activity normalized, with signs of a gradual economic recovery including a recovery in personal consumption and improvements in corporate earnings.」
The disclosure continued to describe signs of an economic recovery resulting from the subsiding impact of COVID-19 and the normalization of socioeconomic activity. - FY2024-Q1RestatedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, the impact of COVID-19 subsided, and the normalization of socioeconomic activity led to signs of a gradual economic recovery.」
The disclosure described the subsiding impact of COVID-19 and the normalization of socioeconomic activity. It also stated that there had been no material changes to the accounting assumptions since the end of the previous consolidated fiscal year. - FY2023-Q3RestatedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, socioeconomic activity moved toward normalization as restrictions on behavior were eased in response to the impact of COVID-19, and the economy showed a gradual recovery.」
While the impact of COVID-19 continued, the normalization of socioeconomic activity resulting from the easing of restrictions and a gradual economic recovery continued to be described. - FY2023-Q2Prolonged impact of the infection and limited impact on economic activityAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, while the impact of COVID-19 continued for an extended period, socioeconomic activity moved toward normalization as restrictions on behavior were eased, and the impact on economic activity became limited.」
Although the impact of the infection continued for an extended period, the disclosure stated that socioeconomic activity was moving toward normalization as restrictions on behavior were eased and that the impact on economic activity had become limited. - FY2023-Q1MaterialisedAnnual report
「The main reason for the decline in operating profit was a reduction in the supply of nursing-care services due to staff shortages at facilities caused by the renewed spread of COVID-19.」
Staff shortages at facilities and a reduction in the supply of nursing-care services actually occurred due to the renewed spread of COVID-19 and were described as the main causes of the decline in operating profit. - FY2022-Q3WorsenedAnnual report
「During the nine months ended 31 December, the Japanese economy had shown signs of a gradual recovery from the stalled recovery caused by COVID-19. However, infections caused by a new variant began to spread again from the start of the year, and priority preventive measures were introduced. In addition, the increasingly tense situation in Ukraine, yen depreciation and surging resource prices have left the outlook uncertain.」
In addition to renewed spread of the infection and the issuance of measures, uncertainty arising from international conditions, a weaker yen and soaring resource prices was added. - FY2022-Q3WorsenedAnnual report
「Since the beginning of the year, the renewed spread of infections due to a new variant and the issuance of quasi-emergency measures to prevent the spread of disease, together with heightened tensions surrounding Ukraine, yen depreciation and soaring resource prices, have kept the outlook uncertain.」
In addition to the renewed spread of the infection due to a new variant and the issuance of measures, the situation in Ukraine, a weaker yen and soaring resource prices were described as sources of uncertainty in the business environment. - FY2022-Q2WorsenedAnnual report
「However, infections have spread again due to a new variant, and the outlook remains uncertain.」
In addition to concerns through the previous quarter about renewed and prolonged spread of the infection, a new variant caused another resurgence, and the impact of the infection and uncertainty over the outlook continued. - FY2022-Q1Ongoing impact, signs of recovery and concerns about a sixth waveAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, Japan's economy remained stalled in its recovery as various activities were restricted following the renewed spread and prolonged impact of COVID-19 from the start of the year. Although the vaccination rate has recently risen, the state of emergency and priority preventive measures have been lifted, and signs of a recovery in socioeconomic activity have emerged, the outlook remains uncertain, including concerns about a sixth wave.」
While activity restrictions and the stalled economic recovery continued due to the renewed and prolonged spread of the infection, the disclosure also noted signs of recovery resulting from vaccinations and the lifting of measures, together with concerns about a sixth wave. - FY2021-Q3WorsenedAnnual report
「COVID-19 is spreading again, and the situation in which the timing of the infection's containment cannot be forecast continues. As stated in the business and other risks described in the annual securities report for the previous fiscal year, the spread of the infection may affect the Group's business results and other matters, and we will continue to closely monitor developments.」
The disclosure described the renewed spread of COVID-19 and the inability to foresee when it would subside. The impact of low utilization and declining users continued in facility management and tourism. - FY2021-Q2WorsenedAnnual report
「Although we expect the time required for the situation to subside to be longer than anticipated, in light of the continuation of business activities while implementing infection-control measures, there have been no material changes to the assumptions used in accounting estimates.」
The time required for COVID-19 to subside was expected to be longer than anticipated at the end of the previous consolidated fiscal year. The potential impact on business activities continued to be disclosed, and lower occupancy rates and cancellations due to renewed spread of the infection also occurred in facility management. - FY2021-Q1Ongoing impact and partial recoveryAnnual report
「Although declines in guests and other effects continued in our core hotel business and facility management outsourcing business due to the impact of COVID-19, hotel room occupancy has also begun to recover as travel restrictions were lifted and economic activity gradually resumed.」
The business impact of COVID-19 continued in the hotel and facility-management businesses, but the disclosure changed to indicate that room occupancy rates were also recovering. In the tourism business, declines in users and tour cancellations continued. - FY2020-Q3MaterialisedAnnual report
「However, amid requests to refrain from various activities to prevent the spread of COVID-19, the Group's core hotel and contract facility-management businesses experienced declines in users and cancellations of facility use.」
The impact of the spread of COVID-19 was described for the first time, with declines in users and cancellations of facility use actually occurring in the hotel and facility-management businesses. The disclosure also described delays in the delivery of construction materials and weaker consumer sentiment in the real estate business, as well as tour cancellations in the tourism business.