Impact of COVID-19 on Business Activities, Demand and Inn Operations
First written in FY2021-Q1. 8 of 12 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2025: 7 of 24 companies on the "Worse" side.
20 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「The Group is developing its risk management framework in preparation for large-scale natural disasters such as earthquakes and floods, criminal acts such as terrorism, and outbreaks of unknown infectious diseases, including by introducing a safety confirmation system and conducting disaster preparedness drills.」
The company continues to disclose a framework for managing business continuity risks, including natural disasters, terrorism and unknown infectious diseases, rather than addressing COVID-19 separately. - FY2023ReframedAnnual report
「The Group is developing its risk management framework in preparation for large-scale natural disasters such as earthquakes and floods, criminal acts such as terrorism, and outbreaks of unknown infectious diseases, including by introducing a safety confirmation system and conducting disaster preparedness drills. However, damage caused by natural disasters, terrorism, infectious diseases and other events cannot be completely avoided. If damage exceeding assumptions occurs, it may disrupt the Group's business activities and affect its operating performance and financial position.」
COVID-19 is now organized as part of a broader set of business continuity risks, including natural disasters, terrorism and unknown infectious diseases, rather than being addressed separately. - FY2023-Q3RestatedAnnual report
「These assumptions are subject to significant uncertainty, and if infections spread further in the future and business activities become constrained, they may affect the financial statements for the next quarter and subsequent consolidated accounting periods.」
While the accounting assumptions concerning the impact of COVID-19 have not changed, the company continues to disclose the potential impact of restrictions on business activities due to the spread of the disease on its financial statements. - FY2023-Q2RestatedAnnual report
「These assumptions are subject to significant uncertainty, and if infections spread further in the future and business activities become constrained, they may affect the financial statements for the next quarter and subsequent consolidated accounting periods.」
While the accounting assumptions concerning the impact of COVID-19 have not changed, the company continues to disclose the potential impact of restrictions on business activities due to the spread of the disease on its financial statements. - FY2023-Q1RestatedAnnual report
「These assumptions are subject to significant uncertainty, and if infections spread further in the future and business activities become constrained, they may affect the financial statements for the next quarter and subsequent consolidated accounting periods.」
While the accounting assumptions regarding the impact of COVID-19 have not changed from the previous consolidated fiscal year, the company continues to describe the constraints on business activities caused by the spread of infection and the possibility of an impact on the financial statements. - FY2022-Q3RestatedAnnual report
「In the asset-management-type condominium market, which is a core business area of the Group, rental demand in the Tokyo metropolitan area, particularly among single-person households, remains firm. Purchase demand also appears to be holding up, supported by growing recognition of these properties as investment products offering stable returns and by low interest rates. However, the Company needs to continue paying attention to the impact of the renewed spread of COVID-19.」
The company maintains its view that demand in the asset-management-type condominium market remains firm, while continuing to note the need to pay attention to the impact of a renewed spread of COVID-19. - FY2022-Q2RestatedAnnual report
「In the asset-management-type condominium market, which is a core business area of the Group, rental demand in the Tokyo metropolitan area, particularly among single-person households, remains firm. Purchase demand also appears to be holding up, supported by growing recognition of these properties as investment products offering stable returns and by low interest rates. However, the Company needs to continue monitoring the impact of a prolonged COVID-19 pandemic.」
The company maintains its view that demand in the asset-management-type condominium market remains firm, while continuing to monitor the impact of a prolonged COVID-19 pandemic. - FY2022-Q1RestatedAnnual report
「In the asset-management-type condominium market, which is a core business area of the Group, rental demand in the Tokyo metropolitan area, particularly among single-person households, remains firm. Purchase demand also appears to be holding up, supported by growing recognition of these properties as investment products offering stable returns and by low interest rates. However, the Company needs to continue monitoring the impact of a prolonged COVID-19 pandemic.」
The company maintains its view that demand in the asset-management-type condominium market remains firm, while stating that it will continue to monitor the impact of a prolonged COVID-19 pandemic. - FY2021ReframedAnnual report
「Damage caused by natural disasters, terrorism, infectious diseases and other events cannot be completely avoided. If damage exceeding expectations occurs, it may disrupt the business activities of the Group and affect its business results and financial position.」
The company has broadened its risk framework from risks centered on COVID-19 to a wide range of business continuity risks, including natural disasters, terrorism and unknown infectious diseases. It also describes the possibility of suspending operations, interruptions or delays in construction work and lower purchase demand if infections spread again. - FY2021-Q3RestatedAnnual report
「Regarding the timing of the containment of COVID-19 described in the previous fiscal year's Annual Securities Report under "Additional Information: Accounting Estimates Related to the Impact of COVID-19," containment has taken longer than initially assumed. However, in light of the continuation of business activities while implementing infection-control measures, there have been no material changes to the assumptions used in the accounting estimates. These assumptions are subject to significant uncertainty, and if infections spread further in the future and business activities become constrained, losses may arise in the future.」
The company maintains the assumption that containment of the infection is taking longer than initially assumed and continues to state that there have been no material changes to the accounting assumptions, while business activity constraints and the possibility of future losses due to further spread remain. - FY2021-Q2WorsenedAnnual report
「Regarding the timing of the containment of COVID-19 described in the previous fiscal year's Annual Securities Report under "Additional Information: Accounting Estimates Related to the Impact of COVID-19," the Company expects containment to take longer than initially assumed. However, in light of the continuation of business activities while implementing infection-control measures, there have been no material changes to the assumptions used in the accounting estimates. These assumptions are subject to significant uncertainty. If infections spread further in the future and business activities become constrained due to the reissuance of a state of emergency or other factors, losses may arise in the future.」
The company expressly states that containment of the infection is expected to take longer than assumed and that a further outbreak or reissuance of a state of emergency could constrain business activities and result in future losses. - FY2021-Q1First statedAnnual report
「As a result of the temporary suspension of business activities to prevent the spread of infection following the declaration of a state of emergency, among other factors, revenue was ¥12,256 million, down 44.9% year on year; operating profit was ¥851 million, down 68.3%; ordinary profit was ¥827 million, down 69.4%; and quarterly net profit attributable to owners of the parent was ¥514 million, down 71.7%. During the cumulative first quarter of the current consolidated fiscal year, the company closed its facilities from late April to mid-May, including the Golden Week holiday period, in response to requests from local governments to suspend operations due to the spread of COVID-19 and to prevent further infections.」
The company has, for the first time, specifically described the actual occurrence of temporary suspension of business activities, closure of ryokan facilities, reduced condominium supply and more cautious consumer behavior due to COVID-19, and their impact on consolidated results and the profit or loss of the ryokan business.