Declining Demand and Impact on Performance Due to COVID-19
First written in FY2020. 8 of 15 entries say "Mitigated", first in FY2022-Q1. Latest entry: FY2026-H1.
Daiwa Motor Transportation moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
The whole theme swung hardest in 2020: 24 of 39 companies on the "Worse" side.
9 other companies' latest entry also says "Mitigated".
- FY2026-H1MitigatedAnnual report
「“The business environment is one in which, as we transition to the post-COVID era, the markets for our core businesses, passenger transportation and real estate, have recovered, and demand is expected to continue increasing steadily for the time being.”」
The company describes a business environment premised on market recovery and rising demand following COVID-19, and the impact of the risk of a pandemic-related decline in demand was further mitigated. - FY2025-H1MitigatedAnnual report
「In the taxi division, the recovery from COVID-19 progressed and customers’ social and economic activities returned to normal. In addition, the fare increase implemented in November 2022 became established, among other factors, resulting in revenue of ¥5,450 million, up 3.5% year on year.」
The recovery from COVID-19 and the normalization of social and economic activity progressed, with taxi division revenue also increasing 3.5% year on year. The company states that the impact of the risk of a decline in demand due to the pandemic was further mitigated. - FY2024-Q3RestatedAnnual report
「In the taxi segment, the impact of the spread of COVID-19 had subsided and customers' social and economic activities were normalizing. In addition, fare increases implemented from November 2022 in Tokyo's 23 wards, Musashino and Mitaka, and from November 2023 in the northern Tama area, to further improve services and drivers' working conditions, resulted in sales of ¥8,001 million, up 10.2% year on year.」
The company continues to explain that taxi revenue increased as the impact of the decline in demand caused by the spread of COVID-19 eased, social and economic activity returned to normal, and fares were raised. - FY2024-Q2MitigatedAnnual report
「In the taxi division, the impact of the spread of COVID-19 had eased, and customers’ social and economic activities were returning to normal. In addition, fares were raised in Tokyo’s 23 wards, Musashino City and Mitaka City from November 2022 to further improve services and working conditions for drivers. As a result, revenue was ¥5,264 million, up 15.1% year on year.」
The impact of the decline in demand caused by the spread of COVID-19 had eased, and taxi revenue increased 15.1% year on year as social and economic activity returned to normal and fares were raised. - FY2024-Q1MitigatedAnnual report
「In the Taxi Business, the impact of the spread of COVID-19 eased, social and economic activity among customers moved toward normalization, and taxi fares were increased in Tokyo’s 23 wards, Musashino City and Mitaka City from November 2022 to further improve services and the working environment for crew members. As a result, revenue was ¥2,620 million, up 14.7% year on year.」
The impact of declining demand due to the spread of COVID-19 eased, and social and economic activity normalized as customers returned. Revenue in the Taxi Business also increased 14.7% year on year, but group-wide profit declined due to higher costs. - FY2023-Q3MitigatedAnnual report
「For the nine months ended 31 December, consolidated results benefited from a recovery in customers from the previous fiscal year in the core Passenger Transportation Business, where customer numbers had declined due to requests to refrain from going out and the spread of teleworking in response to COVID-19, as well as the effect of the taxi fare increase implemented in November 2022. Revenue was ¥13,250 million, up 14.8% year on year, and operating profit was ¥148 million, compared with an operating loss of ¥903 million in the same period of the previous year.」
Although the impact of the decline in customers due to COVID-19 remained, revenue increased 14.8% year on year due to the recovery in customers and the effect of the fare increase, while operating results improved from an operating loss of ¥903 million in the previous year to operating profit of ¥148 million. - FY2023-Q2MitigatedAnnual report
「For the six months ended 30 September, consolidated results benefited from a recovery in customers from the previous fiscal year in the core Passenger Transportation Business, where customer numbers had declined due to requests to refrain from going out and the spread of teleworking in response to COVID-19. Revenue was ¥8,578 million, up 21.3% year on year; operating profit was ¥51 million, compared with an operating loss of ¥1,005 million in the same period of the previous year; ordinary profit was ¥113 million, compared with an ordinary loss of ¥138 million; and net income attributable to owners of the parent was ¥78 million, down 96.0% year on year.」
Although the impact of the decline in customers due to COVID-19 remained, consolidated revenue increased 21.3% year on year as customers recovered, and both operating profit and ordinary profit returned to the black. - FY2023-Q1MitigatedAnnual report
「For the three months ended 30 June, consolidated results benefited from a recovery in customers from the previous fiscal year in the core Passenger Transportation Business, where customer numbers had declined due to requests to refrain from going out and the spread of teleworking in response to COVID-19. Revenue was ¥4,297 million, up 23.5% year on year, and operating profit was ¥46 million, compared with an operating loss of ¥518 million in the same period of the previous year.」
Customers were returning from the previous fiscal year, with revenue up 23.5% year on year and operating results improving from an operating loss to operating profit. However, the taxi segment remained below pre-pandemic levels and was still recovering. - FY2022-Q2RestatedAnnual report
「For the six months ended 30 September, consolidated results were affected by continued instability in revenue from the core Passenger Transportation Business. Revenue, which had declined due to requests to refrain from going out and the spread of teleworking in response to COVID-19, remained unstable due to restrictions on population movement resulting from repeated extensions of the state of emergency and did not achieve a substantial recovery. Revenue was ¥7,071 million, up 39.3% year on year; operating loss was ¥1,005 million, compared with an operating loss of ¥1,888 million in the same period of the previous year; ordinary loss was ¥138 million, compared with an ordinary loss of ¥1,242 million; and net income attributable to owners of the parent was ¥1,967 million, compared with a net loss attributable to owners of the parent of ¥583 million.」
Although revenue and profit or loss improved year on year, the impact of restrictions on population movement under the state of emergency remained, and a substantial recovery was not achieved. - FY2022-Q1MitigatedAnnual report
「For the three months ended 30 June, consolidated results benefited from a recovery in customers from the previous fiscal year in the core Passenger Transportation Business, where customer numbers had declined due to requests to refrain from going out and the spread of teleworking in response to the spread of COVID-19. Revenue was ¥3,479 million, up 60.2% year on year; operating loss was ¥518 million, compared with an operating loss of ¥1,085 million in the same period of the previous year; ordinary profit was ¥76 million, compared with an ordinary loss of ¥922 million; and net income attributable to owners of the parent was ¥85 million, compared with a net loss attributable to owners of the parent of ¥372 million.」
Although the impact of the decline in customers due to COVID-19 remained, customers were returning, and the impact on results eased from the previous fiscal year, with revenue up 60.2% year on year and ordinary profit returning to the black. - FY2021WorsenedAnnual report
「For the fiscal year, consolidated results were affected by a substantial decline in customers in the core Passenger Transportation Business due to requests to refrain from going out and the spread of teleworking in response to the spread of COVID-19. Revenue was ¥11,533 million, down 28.0% year on year; operating loss was ¥3,544 million, compared with operating profit of ¥63 million in the previous fiscal year; ordinary loss was ¥2,088 million, compared with ordinary profit of ¥87 million; and net loss attributable to owners of the parent was ¥1,721 million, compared with net income attributable to owners of the parent of ¥635 million.」
The impact of requests to refrain from going out and the spread of teleworking due to COVID-19 affected full-year results, resulting in revenue down 28.0%, an operating loss of ¥3,544 million, an ordinary loss of ¥2,088 million and a net loss attributable to owners of the parent of ¥1,721 million. - FY2021-Q3WorsenedAnnual report
「For the nine months ended 31 December, consolidated results were affected by a substantial decline in customers in the core Passenger Transportation Business due to requests to refrain from going out and the spread of teleworking in response to the spread of COVID-19. Revenue was ¥8,380 million, down 32.4% year on year; operating loss was ¥2,433 million, compared with operating profit of ¥237 million in the same period of the previous year; ordinary loss was ¥1,331 million, compared with ordinary profit of ¥245 million; and net loss attributable to owners of the parent was ¥951 million, compared with net income attributable to owners of the parent of ¥910 million.」
The decline in customers due to COVID-19 continued through the nine months ended 31 December, with the impact on results continuing to be quantified, including a 32.4% decline in revenue and an operating loss of ¥2,433 million. - FY2021-Q2MaterialisedAnnual report
「For the six months ended 30 September, consolidated results were affected by a substantial decline in customers in the core Passenger Transportation Business due to requests to refrain from going out and the spread of teleworking in response to the spread of COVID-19. Revenue was ¥5,077 million, down 37.5% year on year; operating loss was ¥1,888 million, compared with operating profit of ¥119 million in the same period of the previous year; ordinary loss was ¥1,242 million, compared with ordinary profit of ¥143 million; and net loss attributable to owners of the parent was ¥583 million, compared with net income attributable to owners of the parent of ¥846 million.」
The decline in customers due to COVID-19 continued through the six months ended 30 September, with the impact on results becoming further quantified, including a 37.5% decline in revenue and an operating loss of ¥1,888 million. - FY2021-Q1WorsenedAnnual report
「In the core Passenger Transportation Business, the number of customers declined substantially due to requests to refrain from going out in response to the spread of COVID-19, resulting in revenue of ¥2,172 million, down 46.3% year on year, an operating loss of ¥1,085 million, compared with operating profit of ¥71 million in the same period of the previous year, and an ordinary loss of ¥922 million, compared with ordinary profit of ¥71 million in the same period of the previous year.」
The decline in customers due to COVID-19 continued into the first quarter, with Passenger Transportation Business revenue down 46.3% year on year and an operating loss of ¥1,085 million, demonstrating the impact on results in numerical terms. - FY2020MaterialisedAnnual report
「However, since March 2020, the number of customers declined substantially due to requests to refrain from going out in response to the spread of COVID-19. As a result, revenue from our core taxi business has declined substantially. The threat of COVID-19 continues, and concerns remain about a second and third wave, making it impossible to finalize our outlook for future business results.」
Since March 2020, the number of customers has declined substantially due to requests to refrain from going out, resulting in a decline in taxi business revenue and making it difficult to finalize plans. The company remains concerned about continued infections and second and third waves.