Impact of COVID-19 on Advertising, Entertainment Events and Store Operations
First written in FY2020. 7 of 16 entries say "Mitigated", first in FY2023-Q1. Latest entry: FY2024.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2024MitigatedAnnual report
「As COVID-19 was reclassified as a Class 5 disease and restrictions on activity were eased, economic activity showed signs of returning to normal.」
Restrictions on advertising, events and venue activities eased from the previous year following COVID-19’s reclassification as a Class 5 disease and the easing of restrictions on activity. However, the risk of an impact if a large-scale outbreak recurs remains. - FY2024-Q2MitigatedAnnual report
「As COVID-19 was reclassified as a Class 5 disease under the Infectious Diseases Control Law and restrictions on activity were eased, Japan’s economy maintained its recovery, led by personal consumption.」
The company described a situation in which restrictions surrounding advertising, events and venue activities had eased from the previous year following COVID-19’s reclassification as a Class 5 disease and the easing of restrictions on activity. - FY2024-Q1MitigatedAnnual report
「During the first quarter of the fiscal year (1 April 2023 to 30 June 2023), Japan’s economy maintained its recovery, led by personal consumption, as COVID-19 was reclassified as a Class 5 disease under the Infectious Diseases Control Law and restrictions on activity were eased.」
The company described a situation in which restrictions surrounding advertising, events and venue activities had eased from the previous year following COVID-19’s reclassification as a Class 5 disease and the easing of restrictions on activity. - FY2023MitigatedAnnual report
「During the fiscal year, Japan’s economy maintained a gradual recovery, led by personal consumption, as there were no restrictions on activity while infection prevention was pursued alongside economic activity.」
Although the impact and risks of COVID-19 remained, the company described a situation in which infection prevention and economic activity were pursued together without restrictions on activity, and the impact of activity constraints had eased from the previous year. - FY2023-Q3MitigatedAnnual report
「During the first nine months of the fiscal year, Japan’s economy faced the arrival of the seventh wave of COVID-19 and growing concern about an eighth wave. However, as there were no restrictions on activity such as priority preventive measures, the economy maintained a gradual recovery, led by personal consumption, while pursuing infection prevention alongside economic activity.」
Although concern about the seventh and eighth waves continued, the company stated that the economy maintained its recovery as there were no restrictions on activity and infection prevention was pursued alongside economic activity. - FY2023-Q2MitigatedAnnual report
「During the first six months of the fiscal year (1 April 2022 to 30 September 2022), Japan’s economy was hit by the seventh wave of COVID-19 infections, but gradually recovered, led by personal consumption, as there were no restrictions on activity such as priority preventive measures aimed at preventing the spread of infection while maintaining economic activity.」
Although the impact of the seventh wave continued, the company stated that the economy recovered, led by personal consumption, as there were no restrictions on activity and infection prevention was pursued alongside economic activity. - FY2023-Q1MitigatedAnnual report
「During the first quarter of the fiscal year (1 April 2022 to 30 June 2022), Japan’s economy was gradually recovering. Looking ahead, as economic and social activity normalized with thorough infection-control measures and the effects of various policies took hold, the economy was expected to recover.」
The description shifted from a situation of continuing restrictions on activity due to the spread of COVID-19 to expectations for the normalization of economic and social activity and economic recovery, subject to infection-control measures. - FY2022ReframedAnnual report
「During the fiscal year, Japan’s economy showed signs of recovery as the severe conditions caused by the spread of COVID-19 gradually eased. However, if the impact of the pandemic were to last longer or expand further than expected due to the spread of new variants, it could adversely affect the TBS Group’s financial position and business performance.」
Pandemic risk was described as shifting from continued operational impacts on advertising, events and venue activities, alongside easing severe conditions and signs of recovery, to the risk that new variants could prolong or renew the spread of the pandemic. - FY2022-Q3ReframedAnnual report
「During the first nine months of the fiscal year (1 April 2021 to 31 December 2021), Japan’s economy showed signs of recovery as the severe conditions caused by COVID-19 gradually eased. Looking ahead, the economy was expected to recover, supported by the effects of various policies and improvements in overseas economies. However, downside risks from the impact of COVID-19, including variants, supply-side constraints, trends in raw material prices, and volatility in financial and capital markets were also expected.」
Regarding the business environment amid COVID-19, the company stated that severe conditions were gradually easing and signs of recovery were emerging, while downside factors such as variants and supply constraints remained. - FY2022-Q2ReframedAnnual report
「During the first six months of the fiscal year (1 April 2021 to 30 September 2021), Japan’s economy remained in a severe condition due to COVID-19. Although signs of recovery continued, the pace weakened,」
The company described a situation in which the pandemic continued to affect its business, while the economy showed signs of recovery but the pace of improvement weakened. - FY2022-Q1ReframedAnnual report
「During the first three months of the fiscal year under review (1 April 2021 to 30 June 2021), Japan’s economy showed signs of recovery as COVID-19 vaccinations began, but the number of infections began rising again, and personal consumption stagnated due to factors including the prolonged state of emergency, leaving the outlook uncertain.」
Regarding pandemic risk, the company described a situation in which personal consumption remained sluggish due to the renewed spread of infections and the prolonged state of emergency, despite signs of recovery associated with vaccination. - FY2021RestatedAnnual report
「In connection with the global spread of COVID-19, the business activities of each segment of the TBS Group have been affected.」
The company continued to state for the full fiscal year that the pandemic was affecting all segments, including advertising revenue, program production, sports and company-sponsored events, and venue operations. - FY2021-Q3WorsenedAnnual report
「Although changes to event operating conditions and shorter venue operating hours resulted from the reissuance of the state of emergency in January 2021 and other factors, and corporate advertising spending was expected to recover only to a limited extent,」
The company stated that the pandemic’s impact was continuing, with changes to event operating conditions and shorter venue operating hours resulting from the reissuance of the state of emergency, while recovery in advertising spending was expected to remain limited. - FY2021-Q2WorsenedAnnual report
「During the first six months of the fiscal year, although demand for staying at home, including mail-order shopping and video streaming, increased and cost reductions boosted earnings, the sharp decline in corporate advertising spending had a material impact on the activities of the TBS Group.」
The impact of the pandemic continued into the second quarter in the form of a prolonged decline in corporate advertising spending, event cancellations and postponements, admission restrictions and constraints on venue operations. - FY2021-Q1WorsenedAnnual report
「During the first quarter of the fiscal year ended March 2021 (1 April 2020 to 30 June 2020), Japan’s economy was in an extremely severe condition due to restrictions on socioeconomic activity resulting from the spread of COVID-19.」
The impact of COVID-19 became more concrete in the form of restrictions on socioeconomic activity, a 65.6% year-on-year decline in advertising spend, event cancellations and postponements, and venue closures. - FY2020MaterialisedAnnual report
「COVID-19 has had a major impact on economic activity, and as expectations grow that the domestic economy will shift to negative growth, the extent of its impact on future advertising market conditions and other areas remains uncertain.」
The company stated that COVID-19 had already affected advertising market conditions, events, venue operations and program production, and that its impact on business performance and financial position in the following fiscal year remained uncertain.