Decline in Transport Demand and Deterioration in Business Performance Due to COVID-19
First written in FY2021-Q1. 7 of 14 entries say "Mitigated", first in FY2022-Q1. Latest entry: FY2025.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2025MitigatedAnnual report
「To address this risk, we have formulated a BCP and, in accordance with the policies of the government and other authorities, are taking thorough measures to prevent employee infections. We are also implementing measures, including the introduction of a flextime system and the use of telework, to prevent infections while maintaining business continuity, thereby establishing a framework that can minimize the risk.」
The company describes a framework combining a BCP, infection prevention, flextime and telework to address the loss of human resources and difficulties in maintaining business continuity caused by the infectious disease. - FY2024-Q1MitigatedAnnual report
「During the cumulative first quarter of the fiscal year, Japan’s economy was on a gradual recovery path following the removal of COVID-19-related restrictions, but the outlook remained uncertain due in part to downside risks to overseas economies and the impact of surging prices.」
The company describes the lifting of restrictions on activities related to COVID-19 and a gradual recovery trend, stating that the impact of the infectious disease on transportation demand is moving toward easing. - FY2023-Q3RestatedAnnual report
「Although transportation demand is gradually recovering, the Group's business environment remains challenging due in part to the impact of soaring energy and raw material prices.」
The company states that, while transportation demand is gradually recovering amid the effects of the infectious disease, a challenging business environment will continue due to soaring energy and raw material prices and other factors. - FY2023-Q2RestatedAnnual report
「Although transportation demand is gradually recovering, the Group's business environment remains challenging due in part to the impact of soaring energy and raw material prices.」
The company states that, while transportation demand is gradually recovering amid the effects of the infectious disease, difficult conditions will continue due to soaring energy and raw material prices and other factors. - FY2023-Q1MitigatedAnnual report
「During the cumulative first quarter of the fiscal year, Japan’s economy remained uncertain as the number of COVID-19 cases began to decline and socioeconomic activity moved toward normalization, but was also affected by the prolonged Russian invasion of Ukraine and the sharp depreciation of the yen.」
The company describes a declining trend in the number of COVID-19 cases and the normalization of socioeconomic activity, indicating that the impact of the infectious disease on transportation demand is moving toward easing. - FY2022MitigatedAnnual report
「Although the business environment for the Group continues to be affected by surging energy prices and infectious diseases, transportation demand is gradually recovering.」
Although the effects of the infectious disease continue, transportation demand is gradually recovering, and for the full year, revenue, operating profit, ordinary profit and net income increased year on year. - FY2022-Q3MitigatedAnnual report
「Although the Group's business environment continues to be affected by the infectious disease, transportation demand is gradually recovering.」
The company states that the effects of the infectious disease continue, but that transportation demand is gradually recovering, reaffirming that the impact of the demand decline since the previous fiscal year is moving toward easing. - FY2022-Q2MitigatedAnnual report
「Although our Group's business environment continues to be affected by the infectious disease, signs of a gradual recovery in transportation demand are emerging.」
The company states that the effects of the infectious disease continue, but that transportation demand is showing signs of a gradual recovery, indicating that the impact of the demand decline since the previous fiscal year is moving toward easing. - FY2022-Q1MitigatedAnnual report
「Although our Group's business environment continues to be affected by the infectious disease, signs of a gradual recovery in transportation demand are emerging.」
The company states that the effects of the infectious disease continue, but that transportation demand is showing signs of a gradual recovery, indicating that the impact of the demand decline seen in the previous fiscal year is easing. - FY2021MaterialisedAnnual report
「The breakdown of losses due to COVID-19 is as follows: fixed costs incurred during closures based on various requests from the government and local authorities, including ¥38 million in personnel expenses; a special慰労金 related to COVID-19 of ¥27 million; total: ¥65 million.」
Fixed costs and special慰労 payments totaling ¥65 million incurred in response to the infectious disease have been recorded as extraordinary losses. - FY2021MaterialisedAnnual report
「The Group's business environment also remained challenging as transportation demand declined under the impact of the infectious disease. As a result, revenue for the current consolidated fiscal year was ¥32,724 million, down 4.7% year on year, due to the decline in transportation demand and other factors. Operating profit was ¥1,155 million, down 11.3%, ordinary profit was ¥1,516 million, down 10.8%, and net profit attributable to owners of the parent was ¥915 million, down 17.9%.」
The decline in transportation demand due to COVID-19 actually appeared as declines in full-year revenue, operating profit, ordinary profit and net profit. - FY2021-Q3MaterialisedAnnual report
「The Group's business environment also remained challenging as transportation demand declined under the impact of the infectious disease. As a result, revenue for the nine months of the current consolidated fiscal year was ¥23,329 million, down 6.9% year on year, due to the decline in transportation demand and other factors. Operating profit was ¥639 million, down 9.0%, ordinary profit was ¥934 million, down 12.2%, and quarterly net profit attributable to owners of the parent was ¥589 million, down 20.1%.」
The decline in transportation demand due to COVID-19 continued and actually resulted in declines in revenue, operating profit, ordinary profit and quarterly net profit attributable to owners of the parent. - FY2021-Q2MaterialisedAnnual report
「The Group's business environment also remained challenging as transportation demand declined under the impact of the infectious disease. As a result, revenue for the first six months of the current consolidated fiscal year was ¥14,634 million, down 8.4% year on year, due to the decline in transportation demand and other factors. Operating profit was ¥152 million, down 22.2%, ordinary profit was ¥342 million, down 23.9%, and quarterly net profit attributable to owners of the parent was ¥219 million, down 32.4%.」
The decline in transportation demand due to COVID-19 continued and actually resulted in declines in revenue, operating profit, ordinary profit and quarterly net profit attributable to owners of the parent. - FY2021-Q1MaterialisedAnnual report
「The Group's business environment also remained challenging as transportation demand declined under the impact of the infectious disease. As a result, revenue for the first quarter of the current consolidated cumulative period was ¥7,122 million, down 9.2% year on year, due to the decline in transportation demand and other factors. Operating loss was ¥24 million, compared with operating profit of ¥92 million in the same period of the previous year, while ordinary profit was ¥99 million, down 64.1% year on year. In addition, because expenses incurred in responding to the infectious disease were recorded as an extraordinary loss, profit attributable to owners of the parent for the quarter was ¥19 million, down 90.3%.」
The declaration of a state of emergency accompanying the spread of COVID-19, the decline in socioeconomic activity and the decrease in transportation demand actually resulted in declines in revenue, operating profit, ordinary profit and quarterly net profit attributable to owners of the parent. The company also recorded ¥65 million in expenses related to the infectious disease as an extraordinary loss.