Decline in travel and consumer demand and business continuity risks arising from COVID-19
First written in FY2020. 14 of 19 entries say "Mitigated", first in FY2022-Q1. Latest entry: FY2026.
The whole theme swung hardest in 2020: 24 of 39 companies on the "Worse" side.
9 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「Operating revenue for the fiscal year increased 5.8% from the previous fiscal year to ¥2,887.5 billion, mainly because revenue increased in all segments as railway usage rose and sales increased at stores inside stations, shopping centers and hotels.」
The risk of declining demand due to the infection was further mitigated by increased use of railways, station-area facilities, commercial facilities and hotels, among others, and higher revenue in all segments. - FY2026-H1MitigatedAnnual report
「Operating revenue for the six-month consolidated period increased 4.9% year on year to ¥1,463.0 billion, as all segments recorded higher revenue.」
The recovery in demand following the COVID-19 pandemic continued, and operating revenue for the interim period exceeded the previous year’s level as all segments recorded higher revenue. - FY2025MitigatedAnnual report
「Operating revenue for the fiscal year increased 5.8% from the previous fiscal year to ¥2,887.5 billion, mainly because revenue increased in all segments as railway usage rose and sales increased at stores inside stations, shopping centers and hotels.」
The risk of declining demand due to the infection was further mitigated by increased use of railways, station-area facilities, shopping centers and hotels, among others, and higher revenue in all segments. - FY2025-H1MitigatedAnnual report
「Operating revenues for the six months ended 30 September increased 7.3% year on year to ¥1,395.1 billion, as all segments increased revenue. Operating income increased 22.8% to ¥235.6 billion, ordinary income increased 23.6% to ¥204.5 billion, and interim net income attributable to owners of the parent increased 19.4% to ¥139.7 billion.」
The continuing recovery in demand following the COVID-19 pandemic resulted in higher revenue in all segments and increases in profit at each level. - FY2024-Q3MitigatedAnnual report
「Operating revenue for the cumulative third quarter increased 15.9% year on year to ¥2,001.0 billion, owing mainly to progress in the recovery of demand from the impact of COVID-19 and higher revenue in all segments. Operating profit increased 166.5% year on year to ¥298.5 billion, ordinary profit increased 196.8% to ¥259.6 billion, and profit attributable to owners of the parent for the quarter increased 155.2% to ¥185.2 billion.」
Although the decline in demand due to the infection had already occurred, recovery in demand led to higher revenue in all segments, and profit at each level improved from the previous year’s levels. - FY2024-Q2MitigatedAnnual report
「Operating revenues for the six months ended 30 September increased 16.6% year on year to ¥1,299.8 billion, as demand continued to recover from the impact of COVID-19 and all segments increased revenue. Operating income increased 187.5% to ¥191.7 billion, ordinary income increased 318.1% to ¥165.5 billion, and quarterly net income attributable to owners of the parent increased 331.9% to ¥117.0 billion.」
Although the decline in demand due to the infection had already occurred, recovery in demand led to higher revenue in all segments, and operating profit and other profit measures improved from the levels in the same period of the previous year. - FY2024-Q1MitigatedAnnual report
「Operating revenues for the three months ended 30 June increased 12.9% year on year to ¥629.4 billion, mainly because demand recovered from the impact of COVID-19 and all segments increased revenue. Operating income increased 99.0% to ¥80.1 billion, ordinary income increased 159.7% to ¥67.4 billion, and quarterly net income attributable to owners of the parent increased 136.8% to ¥44.8 billion.」
Recovery from the decline in demand caused by the infection progressed, resulting in higher revenue in all segments and increases in operating profit and other profit measures. - FY2023-Q3MitigatedAnnual report
「Operating revenues for the nine months ended 31 December increased 16.5% year on year to ¥1,727.0 billion, mainly because the transportation business posted substantial revenue growth as demand recovered from the impact of COVID-19. Operating income was ¥112.0 billion, compared with an operating loss of ¥42.5 billion in the year-earlier period; ordinary income was ¥87.4 billion, compared with an ordinary loss of ¥66.0 billion; and quarterly net income attributable to owners of the parent was ¥72.5 billion, compared with a quarterly net loss of ¥83.7 billion.」
Although the impact of COVID-19 was still recognized, operating revenue for the cumulative third quarter increased as demand recovered, and profit at each level turned positive from losses in the same period of the previous year. - FY2023-Q2MitigatedAnnual report
「Operating revenues for the six months ended 30 September increased 27.0% year on year to ¥1,115.0 billion, mainly because all segments increased revenue on a rebound from the impact of COVID-19. Operating income was ¥66.7 billion, compared with an operating loss of ¥115.8 billion in the year-earlier period; ordinary income was ¥39.5 billion, compared with an ordinary loss of ¥136.2 billion; and quarterly net income attributable to owners of the parent was ¥27.1 billion, compared with a quarterly net loss attributable to owners of the parent of ¥145.2 billion.」
Although the impact of declining demand due to the infection was still recognized, all segments recorded higher revenue and profit at each level turned positive, compared with the substantial revenue decline and losses in the same period of the previous year. - FY2023-Q1MitigatedAnnual report
「Operating revenues for the three months ended 30 June increased 28.7% year on year to ¥557.6 billion, mainly because all segments increased revenue on a rebound from the impact of COVID-19. Operating income was ¥40.2 billion, compared with an operating loss of ¥55.2 billion in the year-earlier period; ordinary income was ¥25.9 billion, compared with an ordinary loss of ¥65.4 billion; and quarterly net income attributable to owners of the parent was ¥18.9 billion, compared with a quarterly net loss attributable to owners of the parent of ¥76.9 billion.」
Although the impact of declining demand due to the infection remained, all segments recorded higher revenue and profit at each level turned positive, compared with the substantial revenue decline and losses in the same period of the previous year. - FY2022MitigatedAnnual report
「Operating revenue for the consolidated fiscal year increased 12.1% year on year to ¥1,978.9 billion. Operating loss was ¥153.9 billion, compared with an operating loss of ¥520.3 billion in the previous fiscal year; ordinary loss was ¥179.5 billion, compared with an operating loss of ¥579.7 billion; and net loss attributable to owners of the parent was ¥94.9 billion, compared with an operating loss of ¥577.9 billion.」
Although the impact of declining demand due to the infection continued, operating revenue increased and losses at each profit level narrowed from the previous fiscal year. - FY2022-Q3MitigatedAnnual report
「As a result, operating revenue for the cumulative third quarter increased 13.5% year on year to ¥1,482.7 billion, owing mainly to the rebound from the decline in revenue caused by COVID-19 in the same period of the previous year and the recognition of revenue from the real estate business’s asset-turnover business model. Operating loss was ¥42.5 billion, compared with an operating loss of ¥323.0 billion in the same period of the previous year; ordinary loss was ¥66.0 billion, compared with an operating loss of ¥373.0 billion; and net loss attributable to owners of the parent was ¥83.7 billion, compared with an operating loss of ¥294.5 billion.」
Although the impact of declining demand due to the infection continued, operating revenue increased 13.5% from the previous year’s decline, and losses at each profit level narrowed. - FY2022-Q2MitigatedAnnual report
「As a result, operating revenues for the six months ended 30 September increased 11.5% year on year to ¥877.8 billion, mainly because the transportation and real estate and hotel businesses increased revenue on a rebound from the impact of COVID-19 in the previous fiscal year. Operating loss was ¥115.8 billion, compared with an operating loss of ¥295.2 billion in the year-earlier period; ordinary loss was ¥136.2 billion, compared with an ordinary loss of ¥335.5 billion; and quarterly net loss attributable to owners of the parent was ¥145.2 billion, compared with a quarterly net loss attributable to owners of the parent of ¥264.3 billion.」
Although the impact of declining demand due to the infection continued, operating revenue increased 11.5% year on year and losses at each profit level narrowed. - FY2022-Q1MitigatedAnnual report
「As a result, operating revenues for the three months ended 30 June increased 30.2% year on year to ¥433.3 billion, mainly because the transportation, distribution and services, and real estate and hotel businesses increased revenue on a rebound from the impact of COVID-19 in the previous fiscal year. Operating loss was ¥55.2 billion, compared with an operating loss of ¥178.3 billion in the year-earlier period; ordinary loss was ¥65.4 billion, compared with an ordinary loss of ¥197.5 billion; and quarterly net loss attributable to owners of the parent was ¥76.9 billion, compared with a quarterly net loss attributable to owners of the parent of ¥155.3 billion.」
Although the impact of declining demand due to the infection continued, operating revenue increased year on year and losses at each profit level narrowed. - FY2021WorsenedAnnual report
「Operating revenue fell 40.1% year on year to ¥1,764.5 billion, primarily because the transportation, retail and services, and real estate and hotel businesses posted substantial revenue declines due to the impact of COVID-19. As a result, operating loss was ¥520.3 billion, ordinary loss was ¥579.7 billion, and net loss attributable to owners of the parent was ¥577.9 billion.」
The decline in transportation and consumption demand due to the infection became evident in full-year results, with operating revenue down 40.1% and losses at each profit level. - FY2021-Q3WorsenedAnnual report
「Since the COVID-19 outbreak intensified, use of the Group’s businesses, including railways, has declined substantially (the impact of COVID-19 on consolidated results for the cumulative third quarter was approximately ¥960 billion in lost revenue).」
The impact of declining demand due to the infection expanded from approximately ¥716 billion in lost revenue for the cumulative second quarter to approximately ¥960 billion for the cumulative third quarter. - FY2021-Q2WorsenedAnnual report
「Since the COVID-19 outbreak intensified, use of the Group’s businesses, including railways, has declined substantially (the impact of COVID-19 on consolidated results for the cumulative second quarter was approximately ¥716 billion in lost revenue).」
The impact of declining transportation and consumption demand due to the infection expanded from approximately ¥398 billion for the cumulative first quarter to approximately ¥716 billion for the cumulative second quarter. - FY2021-Q1WorsenedAnnual report
「Since the COVID-19 outbreak intensified, use of the Group’s businesses, including railways, has declined substantially (the impact of COVID-19 on consolidated results for the cumulative first quarter was approximately ¥398 billion in lost revenue).」
The impact of declining transportation and consumption demand due to the infection expanded, resulting in approximately ¥398 billion in lost revenue for the cumulative first quarter. - FY2020MaterialisedAnnual report
「Since the COVID-19 outbreak intensified, the number of customers using railways, station stores, station buildings and hotels has declined substantially (the impact of COVID-19 on consolidated results for the period was approximately ¥94 billion in lost revenue).」
The decline in demand for railways, station stores, station buildings and hotels, approximately ¥94 billion in lost revenue, and the decline in inbound demand due to entry restrictions were identified separately as risks that had actually materialized for the first time in connection with COVID-19.