Deterioration of Business Activities and Results Due to COVID-19
First written in FY2021-Q1. 12 of 16 entries say "Mitigated", first in FY2022-Q1. Latest entry: FY2025-H1.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2025-H1MitigatedAnnual report
「During the current interim consolidated accounting period, operating revenue was ¥525.234 billion, up 8.6% year on year, operating income was ¥65.335 billion, up 43.5%, and ordinary income was ¥66.430 billion, up 33.7%. Demand increased due to the sale of large condominiums in the real estate business and improved business conditions in the transportation, lifestyle services, and hotel and resort businesses.」
Against the backdrop of increased demand resulting from improved business conditions, operating revenue, operating income and ordinary income exceeded the same period of the previous year, further easing the impact of the spread of COVID-19 on business activity and earnings. - FY2024MitigatedAnnual report
「In the current consolidated fiscal year, operating revenue was ¥1,037.819 billion, up 11.4% year on year, and operating income was ¥94.905 billion, up 112.8%, mainly due to a recovery in user numbers in the transportation and hotel and resort businesses.」
Although the impact of lower population mobility and reduced usage due to COVID-19 remained, full-year operating revenue and operating income increased as user numbers recovered, further easing its impact on business activity. - FY2024-Q3MitigatedAnnual report
「During the first nine months of the current consolidated fiscal year, user numbers recovered mainly in the transportation and hotel and resort businesses following the reclassification of COVID-19 as a Class 5 infectious disease, among other factors. Together with railway fare revisions, this resulted in operating revenue of ¥728.901 billion, up 8.7% year on year, operating income of ¥69.261 billion, up 89.1%, and ordinary income of ¥72.696 billion, up 91.8%. Net income attributable to owners of the parent was ¥50.046 billion, up 106.4%, mainly due to an increase in equity-method investment gains.」
The disclosure states that user numbers recovered against the backdrop of the reclassification of COVID-19 as a Class 5 infectious disease, among other factors, further easing its impact on earnings, as reflected in improvements in each profit measure. - FY2024-Q2MitigatedAnnual report
「During the first six months of the current consolidated fiscal year, user numbers recovered mainly in the transportation and hotel and resort businesses following the reclassification of COVID-19 as a Class 5 infectious disease, among other factors. Together with railway fare revisions, this resulted in operating revenue of ¥483.468 billion, up 11.2% year on year, operating income of ¥45.533 billion, up 108.6%, and ordinary income of ¥49.688 billion, up 101.0%.」
Against the backdrop of the reclassification of COVID-19 as a Class 5 infectious disease, among other factors, user numbers recovered and operating revenue, operating income and ordinary income exceeded the same period of the previous year, further easing the impact of COVID-19 on business activity and earnings. - FY2024-Q1MitigatedAnnual report
「During the first quarter of the current consolidated fiscal year, Japan's economy showed signs of a gradual recovery in socioeconomic activity, partly due to the reclassification of COVID-19 as a Class 5 infectious disease. Operating revenue was ¥239.259 billion, up 14.4% year on year, operating income was ¥24.518 billion, up 179.5%, and ordinary income was ¥27.676 billion, up 169.4%. This reflected a recovery in user numbers, mainly in the transportation and hotel and resort businesses, as well as the impact of railway fare revisions and property sales in the real estate sales business.」
Socioeconomic activity showed signs of recovery following the reclassification of COVID-19 as a Class 5 infectious disease, among other factors. Operating revenue, operating income and ordinary income exceeded the same period of the previous year as user numbers recovered. - FY2023MitigatedAnnual report
「In the current consolidated fiscal year, operating revenue was ¥931.293 billion, up 5.9% year on year, operating income was ¥44.603 billion, up 41.4%, and ordinary income was ¥47.369 billion, up 35.3%, mainly reflecting a recovery in user numbers in the transportation and hotel and resort businesses.」
Although the impact of COVID-19 remained, full-year operating revenue, operating income and ordinary income exceeded the same period of the previous year as user numbers recovered, further easing its impact on business activity and earnings. - FY2023-Q3MitigatedAnnual report
「At Tokyu Hotels Co., Ltd., user numbers recovered as domestic restrictions on activities and restrictions on entry into Japan from overseas were eased, among other factors. The occupancy rate was 70.2%, up 26.6 percentage points year on year. As a result, operating revenue was ¥51.302 billion, up 55.4%, and operating loss was ¥2.414 billion, compared with operating loss of ¥12.058 billion in the same period of the previous year.」
In the hotel business, user numbers and the occupancy rate recovered, and operating loss narrowed from the same period of the previous year. - FY2023-Q3MitigatedAnnual report
「Operating revenue was ¥670.505 billion, up 2.4% year on year, and operating income was ¥36.632 billion, up 5.0%, mainly reflecting a recovery in user numbers in the transportation and hotel and resort businesses.」
Although the impact of COVID-19 remained, operating revenue and operating income exceeded the same period of the previous year as user numbers recovered, and its impact on business activity and earnings continued to ease. - FY2023-Q2MitigatedAnnual report
「Although user numbers recovered mainly in the transportation and hotel and resort businesses, operating revenue was ¥434.693 billion, down 1.9% year on year, and operating income was ¥21.823 billion, down 12.5%, due mainly to the reversal of the previous year's sales of large-scale properties in the real estate business. At Tokyu Hotels Co., Ltd., user numbers recovered as domestic restrictions on activities were eased, among other factors. The occupancy rate was 66.0%, up 30.0 percentage points year on year. As a result, operating revenue was ¥31.051 billion, up 58.4%, and operating loss was ¥2.566 billion, compared with operating loss of ¥9.219 billion in the same period of the previous year.」
User numbers in transportation and hotels recovered as restrictions on activities were eased, among other factors, and the hotel occupancy rate rose to 66.0%. Operating loss also narrowed from ¥9.219 billion in the same period of the previous year to ¥2.566 billion. The impact of COVID-19 remained, but its effect on business activity and earnings had eased. - FY2023-Q1MitigatedAnnual report
「In the first quarter of the current consolidated fiscal year, operating revenue was ¥209.182 billion, up 5.0% year on year, partly reflecting a recovery in user numbers, mainly in the transportation and hotel and resort businesses. Operating income was ¥8.772 billion, up 677.0%, and ordinary income was ¥10.272 billion, up 499.1%. At Tokyu Hotels Co., Ltd., the hotel business benefited from a recovery in user numbers as the COVID-19 situation stabilised, among other factors. The occupancy rate was 63.1%, up 31.9 percentage points year on year. As a result, operating revenue was ¥14.434 billion, up 64.4%, and operating loss was ¥1.799 billion, compared with operating loss of ¥5.323 billion in the same period of the previous year.」
Although the impact of COVID-19 remained, user numbers recovered mainly in transportation and hotels, and consolidated operating income improved from ¥1.129 billion in the same period of the previous year to ¥8.772 billion. The hotel's operating loss also narrowed. - FY2022-Q2MitigatedAnnual report
「In the first six months of the current consolidated fiscal year, operating revenue was ¥443.052 billion, up 2.1% year on year, despite the impact of applying the Accounting Standard for Revenue Recognition and other standards. This reflected a recovery in user numbers from the impact of requests to refrain from going out and store closures following the state of emergency declared in April of the previous year, mainly in the transportation and hotel and resort businesses, as well as sales of large-scale properties in the real estate business. Operating income was ¥24.941 billion, compared with operating loss of ¥20.398 billion in the same period of the previous year, and ordinary income was ¥26.611 billion, compared with ordinary loss of ¥19.353 billion.」
Consolidated operating results and ordinary results improved from losses in the same period of the previous year to profits, mainly due to the recovery in user numbers. Meanwhile, the impact of COVID-19 continued in the hotel and resort business and elsewhere. - FY2022-Q1MitigatedAnnual report
「Operating income was ¥1.129 billion, compared with operating loss of ¥15.716 billion in the same period of the previous year, reflecting a recovery in user numbers from the impact of requests to refrain from going out and store closures following the state of emergency declared in April of the previous year, mainly in the transportation and hotel and resort businesses.」
The impact of COVID-19 continued, and the hotel and resort business remained loss-making, but user numbers recovered from the impact of the previous year's requests to refrain from going out and business closures. Consolidated operating results improved from an operating loss to operating income. - FY2021MaterialisedAnnual report
「Operating revenue for the current consolidated fiscal year was ¥935.927 billion, down 19.6% year on year, as consumer demand declined across all businesses due to the spread of COVID-19. Operating loss was ¥31.658 billion, ordinary loss was ¥26.824 billion, and net loss attributable to owners of the parent was ¥56.229 billion.」
The impact of the spread of COVID-19 continued throughout the fiscal year and materialised as operating loss, ordinary loss and net loss attributable to owners of the parent. - FY2021-Q3MaterialisedAnnual report
「In the first nine months of the current consolidated fiscal year, operating revenue declined across all businesses as consumer demand fell due to the spread of COVID-19. Operating revenue was ¥685.855 billion, down 21.0% year on year, operating loss was ¥15.945 billion, compared with operating income of ¥66.114 billion in the same period of the previous year, ordinary loss was ¥12.594 billion, compared with ordinary income of ¥66.438 billion, and net loss attributable to owners of the parent was ¥26.523 billion, compared with net income attributable to owners of the parent of ¥46.024 billion.」
The impact of the spread of COVID-19 continued to result in lower operating revenue across all businesses and operating loss, ordinary loss and quarterly net loss attributable to owners of the parent. Passenger numbers in transportation declined 33.9% overall, while the occupancy rate in the hotel and resort business was 32.5%. - FY2021-Q2MaterialisedAnnual report
「In the first six months of the current consolidated fiscal year, operating revenue declined across all businesses as consumer demand fell due to the spread of COVID-19. Operating revenue was ¥434.019 billion, down 25.2% year on year, operating loss was ¥20.398 billion, compared with operating income of ¥44.839 billion in the same period of the previous year, ordinary loss was ¥19.353 billion, compared with ordinary income of ¥46.099 billion, and net loss attributable to owners of the parent was ¥27.162 billion, compared with net income attributable to owners of the parent of ¥32.233 billion. Although the timing of containment remains difficult to predict, we assume that conditions will not have normalised by the end of the fiscal year ending March 2021 and will recover gradually through and beyond fiscal 2021.」
The impact of COVID-19 continued to result in lower operating revenue across all businesses and operating loss, ordinary loss and quarterly net loss attributable to owners of the parent. We assume that conditions will not have normalised by the end of the fiscal year ending March 2021 and will recover gradually thereafter. - FY2021-Q1MaterialisedAnnual report
「The businesses of the Company and its consolidated subsidiaries were also significantly affected by requests to refrain from going out and travelling following the spread of COVID-19, as well as lower consumer demand and reduced usage. In the first quarter of the current consolidated fiscal year, operating revenue declined across all businesses as consumer demand fell due to the spread of COVID-19. Operating revenue was ¥209.755 billion, down 25.1% year on year, operating loss was ¥15.716 billion, compared with operating income of ¥23.156 billion in the same period of the previous year, ordinary loss was ¥18.161 billion, compared with ordinary income of ¥23.460 billion, and net loss attributable to owners of the parent was ¥20.141 billion, compared with net income attributable to owners of the parent of ¥16.380 billion.」
The spread of COVID-19, including requests to refrain from going out and travelling, lower consumer demand and reduced usage, affected all businesses, resulting in operating loss, ordinary loss and quarterly net loss attributable to owners of the parent. In transportation, passenger numbers declined 45.4% overall, while the occupancy rate in the hotel and resort business was 13.3%.