Impact of the Spread of COVID-19 on Demand, Operations and Financials
First written in FY2020. 8 of 15 entries say "Materialised", first in FY2020. Latest entry: FY2026.
Nankai moved to the "Worse" side of this theme in 2020.
1 other company's latest entry also says "Restated".
- FY2026RestatedAnnual report
「In addition, the spread of infectious diseases, including COVID-19, could adversely affect the Group's operating results and financial position.」
The company continues to disclose the impact of infectious diseases on demand, operations and financial position as a risk. - FY2024-Q3RestatedAnnual report
「During the first nine months of the current consolidated fiscal year, there were no material changes to the assumptions concerning the impact of COVID-19 described under “Significant Accounting Estimates” in the securities report for the previous fiscal year.」
It was reconfirmed that there had been no material changes from the previous fiscal year in the assumptions used in accounting estimates concerning the impact of COVID-19. - FY2024-Q2RestatedAnnual report
「During the first six months of the current consolidated fiscal year, there were no material changes to the assumptions concerning the impact of COVID-19 described under “Significant Accounting Estimates” in the securities report for the previous fiscal year.」
It was reconfirmed that there had been no material changes from the previous fiscal year in the assumptions used in accounting estimates concerning the impact of COVID-19. - FY2024-Q1RestatedAnnual report
「During the first three months of the current consolidated fiscal year, there were no material changes to the assumptions concerning the impact of COVID-19 described under “Significant Accounting Estimates” in the securities report for the previous fiscal year.」
It was reconfirmed that there had been no material changes from the previous fiscal year in the assumptions used in accounting estimates concerning the impact of COVID-19. - FY2023Update on demand recovery while the impact continuesAnnual report
「Although COVID-19 continues to affect the Group's operating results, particularly in the Transportation segment, results have continued to trend toward recovery, including a recovery in inbound passengers following the easing of entry restrictions.」
The company stated that although the impact of COVID-19 remained, operating results were trending toward recovery due to the easing of entry restrictions and the recovery in inbound passengers. - FY2023-Q2Update on the easing of the impact in the first halfAnnual report
「The Leisure and Services segment reported operating revenue of ¥18,312 million, up 5.0% year on year, as the impact of COVID-19 on the travel and boat-racing facility leasing businesses, among others, diminished from the previous year. However, operating profit fell 7.8% year on year to ¥1,624 million, mainly because building maintenance revenue declined.」
The impact of COVID-19 was described as having eased year on year in the travel and boat-racing facility leasing businesses, but the company did not state that the impact had been fully eliminated. Operating profit in the Leisure and Services segment declined 7.8% year on year. - FY2023-Q1COVID-19 impact eased in some businessesAnnual report
「In the Leisure and Services segment, operating revenue rose 12.1% year on year to ¥900.2 million and operating profit rose 78.4% to ¥103.5 million, mainly because the impact of COVID-19 diminished from the previous year in the boat-racing facility leasing and travel businesses.」
Although the impact of COVID-19 continued, it was reported to have eased year on year in the boat-racing facility leasing and travel businesses. However, the company stated in its discussion of funding needs that the impact was continuing. - FY2022MaterialisedAnnual report
「In addition, the spread of COVID-19 has significantly affected the Group's operating results and financial position through the loss of inbound demand, a decline in passenger numbers in the Transportation segment, including the railway business, due to restrictions on going out, and the temporary closure of commercial facilities following the declaration of a state of emergency.」
The impact of lower demand and temporary closures due to COVID-19 continued throughout the fiscal year. At the same time, the company reported a narrowing of losses in the Transportation segment and a return to profitability for the Group as a whole. - FY2022-Q3MaterialisedAnnual report
「Although requests to refrain from going out due to the impact of COVID-19 and the decline in inbound demand continued, passenger numbers in the railway and bus businesses increased from the same period of the previous year. In addition, revenue from the freight transportation business was recognized on a gross basis following the adoption of the revenue recognition accounting standard and related standards. As a result, operating revenue was ¥61,326 million, compared with ¥48,804 million in the same period of the previous year, while the operating loss was ¥5,112 million, compared with an operating loss of ¥10,494 million in the same period of the previous year.」
Although restrictions on going out and the decline in inbound demand due to COVID-19 continued into the third quarter, the Transportation segment's operating loss narrowed from ¥10,494 million in the same period of the previous year to ¥5,112 million. - FY2022-Q2MaterialisedAnnual report
「Fixed costs, mainly depreciation, and other expenses incurred during the temporary closure of commercial facilities following the declaration of a state of emergency were recorded.」
The company recorded ¥609 million in costs associated with the temporary closure of commercial facilities due to COVID-19 as an extraordinary loss, and the impact became apparent in the first half. - FY2022-Q1MaterialisedAnnual report
「Although requests to refrain from going out due to the impact of COVID-19 and the decline in inbound demand continued, passenger numbers in the railway and bus businesses increased from the same period of the previous year. In addition, revenue from the freight transportation business was recognized on a gross basis following the adoption of the revenue recognition accounting standard and related standards. As a result, operating revenue was ¥18,786 million, compared with ¥13,757 million in the same period of the previous year, while the operating loss was ¥2,640 million, compared with an operating loss of ¥5,643 million in the same period of the previous year.」
Although restrictions on going out and weak inbound demand due to COVID-19 continued, the Transportation segment's operating loss narrowed due to factors including an increase in passenger numbers. - FY2021-Q3MaterialisedAnnual report
「The assumptions were formulated based on information available as of the date the quarterly consolidated financial statements were prepared. However, the impact of COVID-19 remains highly uncertain, and changes in assumptions regarding the timing of containment and the extent of recovery could affect the Group's financial position and operating results.」
The impact of COVID-19 continued into the third quarter and became apparent in a 19.6% decrease in operating revenue, an 87.0% decrease in operating profit, ordinary profit of ¥1,196 million and a quarterly net loss attributable to owners of the parent of ¥778 million. The company also recorded ¥444 million in fixed costs and other expenses associated with the temporary closure of commercial facilities as an extraordinary loss. - FY2021-Q2MaterialisedAnnual report
「The Group's operations have been significantly affected by COVID-19, including the loss of inbound demand and a decline in passenger numbers in the railway and bus businesses due to restrictions on going out.」
The impact of COVID-19 continued into the first half, resulting in a 22.1% year-on-year decline in operating revenue, an ordinary loss of ¥1,754 million and a quarterly net loss attributable to owners of the parent of ¥1,904 million. For accounting purposes, the company changed its assumption from a gradual recovery by the end of the current consolidated fiscal year, with some effects continuing into the following consolidated fiscal year and beyond, but noted that the timing of containment and the extent of recovery remain uncertain. - FY2021-Q1MaterialisedAnnual report
「In the transportation business, passenger numbers declined in the railway and bus businesses because of requests to refrain from going out due to the impact of COVID-19 and the disappearance of inbound demand, among other factors. Operating revenue fell 47.0% year on year to ¥13,757 million, resulting in an operating loss of ¥5,643 million, compared with operating profit of ¥510 million in the same period of the previous year.」
The impact of COVID-19 became apparent in the first quarter, with operating revenue in the Transportation segment down 47.0% and an operating loss of ¥5,643 million, due to restrictions on going out, the loss of inbound demand and a decline in passenger numbers. The quarterly consolidated income statement also included ¥422 million in fixed costs and other expenses incurred while commercial facilities were temporarily closed, recorded as losses attributable to COVID-19. - FY2020MaterialisedAnnual report
「Meanwhile, the Group's operations have been significantly affected by COVID-19. In the railway business, for example, non-commuter-pass revenue in April 2020 declined 72.8% year on year due to the pandemic.」
The company newly identified the loss of inbound demand, restrictions on going out and temporary closures of commercial facilities as risks. It also reported a 72.8% year-on-year decline in railway non-commuter-pass revenue in April 2020 and a ¥4,067 million adverse impact on full-year operating revenue.