Significant Impact of COVID-19 on Business Activities and Performance
First written in FY2021-Q1. 5 of 13 entries say "Materialised", first in FY2021-Q2. Latest entry: FY2026.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2026ReframedAnnual report
「Natural disasters, infectious diseases and geopolitical risks There is a risk that large-scale natural disasters such as earthquakes and weather-related disasters, including typhoons, torrential rain, storm surges and landslides, global geopolitical risks, infectious disease outbreaks, terrorism and unlawful acts, as well as other external environmental changes that are difficult for the Group to control, could damage infrastructure and facilities, suspend operations, increase restoration costs and restrict business activities, affecting performance and financial position.」
The disclosure has shifted from treating COVID-19 as a standalone material risk to treating natural disasters, geopolitical risks, infectious diseases and other factors together as external-environment risks. - FY2024RestatedAnnual report
「Outbreaks of infectious diseases and other events may affect the Group's results and financial position through such factors as a decline in passenger numbers in the transportation business, lower hotel occupancy rates, and sales declines caused by temporary closures and shortened operating hours at shopping centers operated by the real estate business.」
The potential impact of infectious diseases on passenger numbers, hotel occupancy rates and commercial facility sales is reiterated as a risk. - FY2024-Q2MitigatedAnnual report
「The hotel business saw a substantial recovery in demand following the reclassification of COVID-19 under the infectious disease classification system.」
The substantial recovery in hotel demand following the change in the COVID-19 classification, together with higher consolidated revenue and earnings, including in the transportation business, further reduced the impact of COVID-19 on results. - FY2024-Q1MitigatedAnnual report
「The hotel business saw a substantial recovery in demand following the reclassification of COVID-19 under the infectious disease classification system.」
The substantial recovery in hotel demand following the change in the COVID-19 classification, together with higher consolidated revenue and earnings, including in the railway business, further reduced the impact of COVID-19 on results. - FY2023MitigatedAnnual report
「COVID-19 is also beginning to subside, and signs of brighter prospects for our businesses are emerging. However, changes in customer behavior have had a significant impact, and the entire Group is making every effort to achieve an early recovery in results.」
Although the impact of COVID-19 continues, the recovery in demand for the transportation and hotel businesses and higher consolidated revenue and earnings have reduced its impact on results from the loss-making phase. - FY2023-Q2MitigatedAnnual report
「The operating results of the Group for the cumulative second quarter of the current consolidated fiscal year were affected by a continued challenging business environment due to COVID-19, but signs of a certain recovery were seen in the railway and hotel businesses, resulting in higher revenue and profit.」
Although the impact of COVID-19 continues, the recovery trend in the railway and hotel businesses and higher consolidated revenue and earnings reduced its impact on results from the loss-making phase in the previous fiscal year. - FY2023-Q1MitigatedAnnual report
「Although the operating environment remained challenging due to the impact of COVID-19, signs of recovery were seen in the railway and hotel businesses, resulting in higher revenue and earnings.」
Although the impact of COVID-19 continues, signs of recovery were seen in the railway and hotel businesses, and its impact on consolidated results was lower than in the previous fiscal year. - FY2022MaterialisedAnnual report
「In the railway business, passenger numbers in the fiscal year ended March 2022 were down 21.2% from the fiscal year ended March 2020. In the domestic limited-service hotels business, the occupancy rate in the fiscal year ended March 2022 was 51.5%, down 29.7 percentage points from the fiscal year ended March 2020. These factors have had a significant impact on the Group's results.」
The impact of COVID-19 continues to be reflected in results, quantified as a 21.2% decline in passenger numbers and a 29.7-percentage-point decline in hotel occupancy rates from the fiscal year ended March 2020. - FY2022-Q2MaterialisedAnnual report
「For the six months ended 30 September 2022, the Group recorded operating revenue of ¥104.34 billion (¥108.704 billion in the same period of the previous year), operating income of ¥1.006 billion (operating loss of ¥2.242 billion in the same period of the previous year), ordinary income of ¥384 million (ordinary loss of ¥3.26 billion in the same period of the previous year), and net income attributable to owners of the parent of ¥30 million (net loss attributable to owners of the parent of ¥3.383 billion in the same period of the previous year), reflecting the impact of COVID-19 and the application of the Accounting Standard for Revenue Recognition and other standards.」
The impact of COVID-19 continues to be reflected in results through the challenging operating environments in the transportation and hotel businesses and the decline in consolidated operating revenue. - FY2022-Q1MaterialisedAnnual report
「The operating results of the Group for the cumulative first quarter of the current consolidated fiscal year were affected by COVID-19 and the application of the Accounting Standard for Revenue Recognition and other standards. Operating revenue amounted to ¥50,529 million, compared with ¥56,515 million in the same period of the previous year,」
The effects of the pandemic continued to appear in the business environment, with the transportation and hotel businesses recording operating losses. - FY2021-Q3MaterialisedAnnual report
「Although the retail and Other businesses reported higher revenue and profit due to the impact of COVID-19, substantial revenue declines in the hotel and transportation businesses resulted in lower revenue and an operating loss.」
The impact of the pandemic continued to appear in results as substantial revenue declines in the hotel and transportation businesses, a consolidated operating loss of ¥820 million, an ordinary loss of ¥2,197 million, and a quarterly net loss attributable to owners of the parent of ¥3,418 million. - FY2021-Q2MaterialisedAnnual report
「Although the retail business reported higher revenue due to the impact of COVID-19, substantial revenue declines in the hotel and transportation businesses resulted in lower revenue and an operating loss.」
The impact of the pandemic appeared in actual results as substantial revenue declines in the hotel and transportation businesses, an operating loss, an ordinary loss, and a quarterly net loss attributable to owners of the parent. In addition, based on the infection situation, accounting estimates were changed on the assumption that the impact would continue for a certain period. - FY2021-Q1First statedAnnual report
「The operating results of the Group for the cumulative first quarter of the current consolidated fiscal year were marked by higher revenue in the retail business due to the impact of COVID-19, but substantial revenue declines in the hotel and transportation businesses resulted in lower revenue and an operating loss.」
The impact of COVID-19 was first identified as an independent business risk after appearing in actual results as revenue declines in the transportation and hotel businesses, a consolidated operating loss, and a quarterly net loss.