Tour Cancellations Due to COVID-19 and Deterioration in Financial Position
First written in FY2020-Q2. . Latest entry: FY2024-Q1.
The whole theme swung hardest in 2020: 2 of 6 companies on the "Worse" side.
0 other companies' latest entry also says "Other".
- FY2024-Q1Declines in assets, liabilities and net assets in the first quarterAnnual report
「At the end of the first quarter, total assets were ¥2,478 million, total liabilities were ¥849 million and total net assets were ¥1,629 million. Compared with the end of the previous fiscal year, mainly due to decreases in trade receivables, trade payables, and cash and deposits, total assets decreased by ¥146 million, total liabilities by ¥103 million and total net assets by ¥42 million, while the equity ratio was 65.7%.」
Compared with the end of FY2023, total assets decreased by ¥146 million, total liabilities by ¥103 million and total net assets by ¥42 million. Decreases in trade receivables, trade payables, and cash and deposits were identified as the primary factors. - FY2023Full-year increase in assets and liabilities and decrease in net assetsAnnual report
「At the end of the current consolidated fiscal year, total assets were ¥2,625 million, up 18.5% year on year, total liabilities were ¥952 million, up 95.3%, and total net assets were ¥1,672 million, down 3.2%. The equity ratio was 63.7%.」
While assets and liabilities increased from the previous fiscal year, mainly due to an increase in travel advances, net assets decreased and the equity ratio declined from 78.0% to 63.7%. - FY2023-Q2Assets and liabilities increased, while net assets decreasedAnnual report
「At the end of the second quarter of the current consolidated fiscal year, total assets were ¥2,291 million, total liabilities were ¥667 million and total net assets were ¥1,623 million. Compared with the end of the previous fiscal year, mainly due to an increase of ¥107 million in travel advances, recognition of a quarterly net loss attributable to owners of the parent of ¥95 million, an increase of ¥74 million in cash and deposits, and an increase of ¥48 million in trade payables, total assets increased by ¥76 million, total liabilities by ¥179 million and total net assets decreased by ¥103 million, while the equity ratio was 70.9%.」
Compared with the end of FY2022, total assets increased by ¥76 million and total liabilities by ¥179 million, while total net assets decreased by ¥103 million. Increases in travel advances and trade payables and recognition of a quarterly net loss were identified as the primary factors. - FY2023-Q1First-quarter decrease in assets, liabilities and net assetsAnnual report
「At the end of the first quarter, total assets were ¥2,116 million, total liabilities were ¥475 million and total net assets were ¥1,640 million. Compared with the end of the previous fiscal year, mainly due to a decrease in trade receivables and the recognition of a quarterly net loss attributable to owners of the parent, total assets decreased by ¥98 million, total liabilities by ¥12 million and total net assets by ¥86 million, while the equity ratio was 77.5%.」
Compared with the end of the previous fiscal year, total assets decreased by ¥98 million, total liabilities by ¥12 million and total net assets by ¥86 million. The primary factors cited were a decrease in trade receivables and the recognition of a quarterly net loss. - FY2022Full-year increase in liabilities and decrease in net assetsAnnual report
「At the end of the current consolidated fiscal year, total assets were ¥2,214 million, up 5.6% year on year, total liabilities were ¥487 million, up 98.0%, and total net assets were ¥1,726 million, down 6.7%. The equity ratio was 78.0%.」
For the full year, total assets increased 5.6% year on year, while total liabilities increased 98.0% and total net assets decreased 6.7%. The equity ratio declined to 78.0%. - FY2022-Q3Third-quarter decrease in assets and net assets and increase in liabilitiesAnnual report
「At the end of the third quarter of the current consolidated fiscal year, total assets were ¥2,079 million, total liabilities were ¥302 million and total net assets were ¥1,776 million. Compared with the end of the previous fiscal year, mainly due to the recognition of a quarterly net loss attributable to owners of the parent, total assets decreased by ¥17 million, total liabilities increased by ¥56 million and total net assets decreased by ¥73 million, while the equity ratio was 85.4%.」
Compared with the end of the previous consolidated fiscal year, total assets decreased by ¥17 million and total net assets by ¥73 million, while total liabilities increased by ¥56 million. The recognition of a quarterly net loss attributable to owners of the parent was cited as the primary factor. - FY2022-Q2Second-quarter decrease in assets and net assets and increase in liabilitiesAnnual report
「At the end of the second quarter of the current consolidated fiscal year, total assets were ¥2,077 million, total liabilities were ¥272 million and total net assets were ¥1,805 million. Compared with the end of the previous fiscal year, mainly due to the recognition of a quarterly net loss attributable to owners of the parent, total assets decreased by ¥19 million, total liabilities increased by ¥26 million and total net assets decreased by ¥45 million, while the equity ratio was 86.9%.」
Compared with the end of the previous fiscal year, total assets decreased by ¥19 million and total net assets by ¥45 million, while total liabilities increased by ¥26 million. The recognition of a quarterly net loss attributable to owners of the parent was cited as the primary factor. - FY2022-Q1First-quarter decrease in assets and net assetsAnnual report
「Compared with the previous fiscal year-end, mainly due to the recognition of a quarterly net loss attributable to owners of the parent, total assets decreased by ¥19 million, total liabilities increased by ¥6 million, and total net assets decreased by ¥25 million, resulting in an equity ratio of 87.8%.」
Compared with the end of the previous consolidated fiscal year, total assets decreased by ¥19 million and total net assets by ¥25 million, while total liabilities increased by ¥6 million. The recognition of a quarterly net loss attributable to owners of the parent was cited as the primary factor. - FY2021Full-year deterioration in financial condition continuesAnnual report
「At the end of the current consolidated fiscal year, total assets were ¥2,097 million, down 5.4% year on year, total liabilities were ¥246 million, up 1.8%, and total net assets were ¥1,850 million, down 6.3%.」
In FY2021, total assets were ¥2,097 million and total net assets were ¥1,850 million, both down from the end of the previous fiscal year. Meanwhile, total liabilities increased slightly to ¥246 million. - FY2021-Q3Third-quarter decrease in assets and net assetsAnnual report
「At the end of the third quarter, total assets were ¥2,107 million, total liabilities were ¥236 million and total net assets were ¥1,871 million. Compared with the end of the previous fiscal year, mainly due to the recognition of a quarterly net loss attributable to owners of the parent, total assets decreased by ¥108 million, total liabilities by ¥5 million and total net assets by ¥103 million, while the equity ratio was 88.8%.」
Mainly due to the recognition of a quarterly net loss attributable to owners of the parent, total assets decreased by ¥108 million and total net assets by ¥103 million from the end of the previous fiscal year. - FY2021-Q2Second-quarter decrease in assets and net assetsAnnual report
「At the end of the second quarter, total assets were ¥2,144 million, total liabilities were ¥240 million, and total net assets were ¥1,904 million. Compared with the previous fiscal year-end, mainly due to the recognition of a quarterly net loss attributable to owners of the parent, total assets decreased by ¥71 million, total liabilities decreased by ¥1 million, and total net assets decreased by ¥70 million, resulting in an equity ratio of 88.8%.」
Mainly due to the recognition of a quarterly net loss attributable to owners of the parent, total assets decreased by ¥71 million and total net assets by ¥70 million from the end of the previous fiscal year. - FY2021-Q1First-quarter decrease in assets and net assetsAnnual report
「Compared with the end of the previous fiscal year, mainly due to the recognition of a quarterly net loss attributable to owners of the parent, total assets decreased by ¥39 million, total liabilities increased by ¥4 million and total net assets decreased by ¥43 million, while the equity ratio was 88.7%.」
Mainly due to the recognition of a quarterly net loss attributable to owners of the parent, total assets decreased by ¥39 million and total net assets by ¥43 million from the end of the previous fiscal year. - FY2020Full-year deterioration in financial conditionAnnual report
「At the end of the current consolidated fiscal year, total assets were ¥2,216 million, down 35.0% year on year, total liabilities were ¥242 million, down 81.8%, and total net assets were ¥1,974 million, down 5.3%.」
Assets, liabilities and net assets all decreased year on year, reflecting the suspension of travel operations and the decline in travel advances associated with the spread of COVID-19. - FY2020-Q3Further deterioration in financial condition due to tour cancellationsAnnual report
「At the end of the third quarter, total assets were ¥2,279 million, total liabilities were ¥249 million and total net assets were ¥2,030 million. Compared with the end of the previous fiscal year, mainly due to tour cancellations resulting from COVID-19, total assets decreased by ¥1,132 million, total liabilities by ¥1,076 million and total net assets by ¥55 million, while the equity ratio was 89.0%.」
Mainly due to tour cancellations resulting from COVID-19, the decreases from the end of the previous fiscal year were ¥1,132 million for assets, ¥1,076 million for liabilities and ¥55 million for net assets, representing larger decreases than those reported for the previous quarter. - FY2020-Q2First statedAnnual report
「Compared with the end of the previous fiscal year, mainly due to tour cancellations resulting from COVID-19, total assets decreased by ¥833 million, total liabilities by ¥821 million and total net assets by ¥12 million, while the equity ratio was 80.4%.」
The company states that, mainly due to tour cancellations resulting from COVID-19, total assets decreased by ¥833 million, total liabilities by ¥821 million and total net assets by ¥12 million from the end of the previous fiscal year.