Reduction in Business Restrictions Related to COVID-19
First written in FY2023-Q2. 2 of 4 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2025ReframedAnnual report
「In response to the spread of infectious diseases and the occurrence of large-scale natural disasters, our group will give top priority to ensuring the safety of customers, employees and other stakeholders in accordance with requests from administrative authorities and guidelines issued by industry organizations. However, if these events restrict social and economic activity, they may affect the group’s performance.」
The focus shifted from reduced operating constraints caused by COVID-19 to the risk that infectious diseases generally could restrict social and economic activity. - FY2023RestatedAnnual report
「Selling, general and administrative expenses increased because ¥268 million in subsidies related to shortened operating hours recorded in the previous consolidated fiscal year and ¥292 million in employment adjustment subsidies were no longer received, while personnel expenses increased due to the resumption of graduate recruitment to secure staff for new venue openings and other purposes, and fixed costs related to new venues also increased.」
The company continued to disclose that subsidies related to shortened operating hours due to COVID-19 were no longer received during the current fiscal year, describing conditions after operating restrictions had eased. - FY2023-Q3RestatedAnnual report
「As there were no restrictions such as the priority preventive measures issued during the cumulative third quarter of the previous fiscal year, revenue for the cumulative third quarter of the current fiscal year was ¥12,158 million, up 8.6% year on year.」
The company continued to state that operating restrictions present in the prior-year period were absent in the current quarter, reiterating the reduced operating constraints caused by COVID-19. - FY2023-Q2MitigatedAnnual report
「As there were no restrictions such as the priority preventive measures issued during the cumulative second quarter of the previous fiscal year, revenue for the cumulative second quarter of the current fiscal year was ¥8,251 million, up 16.8% year on year.」
The company states that operating restrictions present in the prior-year period were absent in the current quarter and that wedding postponements and other delays had also decreased.