Impact of COVID-19 on face-to-face sales and economic activity
First written in FY2020. 4 of 10 entries say "Restated". Latest entry: FY2024.
Hikari Tsushin moved to the "Worse" side of this theme in 2023, 3 years after the typical company in this theme (2020).
The whole theme swung hardest in 2020: 23 of 48 companies on the "Worse" side.
2 other companies' latest entry also says "Reframed".
- FY2024Integrating infection risk into domestic economic riskAnnual report
「The Group is working to establish a structure that does not depend on any particular area, such as a business, product, customer or business partner. However, as its operations are conducted mainly in Japan, fluctuations in the domestic economy, population decline, the declining birth rate and ageing population, natural disasters, war, terrorism and the spread of infectious diseases could result in a decline in business partners, customers, agents or the Group’s personnel.」
COVID-19 is not explained separately but is organised as a domestic business-environment risk alongside domestic economic conditions, demographic trends and natural disasters. - FY2023Integrating infection risk into domestic economic riskAnnual report
「The Group is working to establish a structure that does not depend on any particular area, such as a business, product, customer or business partner. However, as its operations are conducted mainly in Japan, fluctuations in the domestic economy, population decline, the declining birth rate and ageing population, natural disasters, war, terrorism and the spread of infectious diseases could result in a decline in business partners, customers, agents or the Group’s personnel.」
Rather than explaining COVID-19 separately, the Company has organised it as a domestic business-environment risk alongside the domestic economy, demographic trends and natural disasters. - FY2022-Q3RestatedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, Japan’s economy remained in an uncertain position, primarily due to the impact of the resurgence of COVID-19.」
The uncertain economic environment resulting from the resurgence of COVID-19 is reconfirmed. - FY2022-Q2MitigatedAnnual report
「During the second quarter of the current consolidated fiscal year-to-date period, the business was on a recovery trend from the effects of requests to suspend operations and other measures associated with the spread of COVID-19. However, revenue was ¥73,360 million, down 7.9% year on year, and operating profit was ¥10,769 million, down 18.1% year on year.」
Although the impact of voluntary suspension of sales activities and other measures accompanying the spread of the infection was said to be on a recovery trend, the agency sales business continues to experience year-on-year declines in revenue and profit. - FY2022-Q1RestatedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year (1 April 2021 to 30 June 2021), Japan’s economy remained in an uncertain position, primarily due to the resurgence of COVID-19.」
The uncertain economic environment resulting from the resurgence of COVID-19 is reconfirmed. No significant changes to business and other risks are reported. - FY2021RestatedAnnual report
「The contraction in economic activity and the resulting deterioration in the economic environment are continuing due to the spread of COVID-19. In some businesses, the Group has experienced a decline in the number of new contracts due to fewer opportunities for face-to-face sales, but the impact on the Group’s profit is expected to be limited.」
Although the contraction in economic activity caused by the infection and the decline in opportunities for face-to-face sales and in the number of new contracts are continuing, the impact on profit is expected to be limited. - FY2021-Q3RestatedAnnual report
「During the third quarter of the current consolidated fiscal year-to-date period, the business was on a recovery trend from the effects of requests to suspend operations and other measures associated with the spread of COVID-19. However, revenue was ¥119,642 million, down 15.1% year on year, and operating profit was ¥18,115 million, down 22.0% year on year.」
Although the impact of voluntary suspension of sales activities and other measures accompanying the spread of the infection was said to be on a recovery trend, the agency sales business continues to experience year-on-year declines in revenue and profit. - FY2021-Q2MitigatedAnnual report
「During the second quarter of the current consolidated fiscal year-to-date period, the business was on a recovery trend from the effects of requests to suspend operations and other measures associated with the spread of COVID-19. However, revenue was ¥79,627 million, down 16.3% year on year, and operating profit was ¥13,152 million, down 18.7% year on year.」
Although the impact of voluntary suspension of sales activities and other measures due to the infection was said to be on a recovery trend, the agency sales business continues to experience year-on-year declines in revenue and profit, and the disclosure does not state that the impact has been eliminated. - FY2021-Q1MaterialisedAnnual report
「During the first quarter of the current consolidated fiscal year-to-date period, the effects of requests to suspend operations and other measures associated with the spread of COVID-19 resulted in revenue of ¥39,735 million, down 14.6% year on year, and operating profit of ¥6,181 million, down 24.2% year on year.」
The impact of voluntary suspension of sales activities and other measures due to the infection, which was described in the previous fiscal year, actually materialised in the agency sales business as a 14.6% year-on-year decline in revenue and a 24.2% decline in operating profit. - FY2020First statedAnnual report
「The spread of COVID-19 has caused a sharp contraction in economic activity and a deterioration in the economic environment. In some businesses, the Group has experienced a decline in new contracts due to fewer opportunities for face-to-face sales, but recurring profit, a source of stable long-term revenue, has continued to increase steadily, and the impact on the Group's profit is expected to be limited.」
The Group reported an actual contraction in economic activity, fewer face-to-face sales opportunities and fewer new contracts due to the spread of COVID-19, while expecting only a limited impact on recurring profit.