Business and Financial Impact of COVID-19
First written in FY2021-Q1. 4 of 12 entries say "Restated". Latest entry: FY2024-Q1.
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- FY2024-Q1MitigatedAnnual report
「During the first quarter of the current consolidated fiscal year, the Group steadily captured the increase in demand following the reclassification of COVID-19 as a Class 5 infectious disease」
Demand increased following the reclassification of COVID-19 as a Class 5 infectious disease, and the business impact of the infectious disease declined from its previous level. - FY2023-Q3WorsenedAnnual report
「Amid continuing fluctuations in the infection situation, including reports that the eighth wave of infections had arrived despite the easing of restrictions on activities, the Group has continued its business activities while taking measures to prevent infection and its spread, including thorough disinfection and ventilation, changes to operating hours and business formats, and the sale of accommodation, wedding and banquet packages that include PCR testing.」
Demand recovered as restrictions on activities were eased, but fluctuations in the infection situation, including the eighth wave of infections, continued, and the risk of a prolonged impact from the infectious disease remained. - FY2023-Q2RestatedAnnual report
「Although the Group steadily captured the increase in demand following the lifting of restrictions related to COVID-19, if the prolonged COVID-19 pandemic further increases funding needs, it may have a greater impact on the Group’s performance and financial condition.」
The recovery in demand following the lifting of restrictions and the potential impact of a prolonged infectious disease on performance and funding needs are both noted. - FY2023-Q1RestatedAnnual report
「The Group steadily captured the increase in demand following the lifting of restrictions related to COVID-19」
Although the business impact of the infectious disease continued, demand increased following the lifting of restrictions, with both recovery and continued risk noted. - FY2022RestatedAnnual report
「As described in “(1) Operating Performance,” operating revenue increased from the previous fiscal year due to a decrease in the number of temporarily closed facilities, the recovery in demand for going out from early autumn and the provision of services tailored to customer needs during the COVID-19 pandemic. However, the challenging operating environment continued due to the COVID-19 pandemic, the repeated issuance of states of emergency and the worsening reluctance to go out, and the Group recorded an operating loss for the second consecutive fiscal year.」
The effects of closures, reluctance to go out and states of emergency caused by the infectious disease continued. Performance improved from the previous year, but an operating loss remained. - FY2022-Q3WorsenedAnnual report
「Although demand for going out recovered more than expected during the third quarter of the current consolidated fiscal year, the recovery is expected to be delayed relative to the assumptions as of 10 November 2021 due to the impact of the recent resurgence of infections. Accordingly, as disclosed on 10 February 2022, the Company revised its full-year consolidated earnings forecast for the fiscal year ending March 2022.」
Demand for going out recovered more than expected, but the resurgence of infections is expected to delay the recovery, and the full-year earnings forecast was revised. - FY2022-Q2MaterialisedAnnual report
「The Group continued to face a challenging operating environment due to the COVID-19 pandemic, the repeated issuance of states of emergency and the worsening reluctance to go out」
The infectious disease, states of emergency and reluctance to go out continued to affect the operating environment. Performance improved year on year, although an operating loss remained. - FY2022-Q1RestatedAnnual report
「Amid continuing fluctuations in the infection situation, the Group has continued its business activities while taking measures to prevent infection and its spread, including thorough disinfection and ventilation, bringing forward the last train, changing operating hours and formats, and selling accommodation, wedding and banquet packages that include advance PCR testing.」
As the business impact of the infectious disease continued, the Group maintained measures including disinfection and ventilation, changes to operating hours and packages that include PCR testing. - FY2021WorsenedAnnual report
「Net loss attributable to owners of the parent for the consolidated fiscal year was ¥72.3 billion, resulting in the largest deficit since the Company was established.」
The business and financial impact of COVID-19 expanded throughout the year. Operating revenue decreased 39.2%, and net loss attributable to owners of the parent was ¥72,301 million. - FY2021-Q3MaterialisedAnnual report
「During the first nine months of the current consolidated fiscal year, operating revenue decreased by ¥180,179 million to ¥252,446 million, or 41.6%, from the same period of the previous year. Although there was a recovery in demand for going out in early autumn and a recovery driven by initiatives related to the government’s “Go To Campaign,” this was offset by a decline in users resulting from the COVID-19 pandemic, the temporary closure of certain facilities and the spread of new lifestyles.」
The decline in users, facility closures and impact of new lifestyles caused by the infectious disease continued, and operating revenue decreased 41.6% year on year. - FY2021-Q2MaterialisedAnnual report
「During the first six months of the current consolidated fiscal year, operating revenue decreased by ¥139,789 million to ¥154,899 million, or 47.4%, from the same period of the previous year, due to a decline in users resulting from the COVID-19 pandemic, the temporary closure of certain facilities and the spread of new lifestyles.」
The decline in users, facility closures and impact of new lifestyles caused by the infectious disease continued, and operating revenue decreased 47.4% year on year. - FY2021-Q1First statedAnnual report
「During the first quarter of the current consolidated fiscal year, operating revenue decreased by ¥78,497 million to ¥66,341 million, or 54.2%, from the same period of the previous year, due to a decline in users resulting from the COVID-19 pandemic and the temporary closure of certain facilities.」
The spread of the infectious disease resulted in an actual decline in railway and bus users, temporary closure of hotels and leisure facilities, fewer tourists, lower operating revenue and the recognition of extraordinary losses, while further operating and financial impacts were indicated if the situation became prolonged.