Impact of COVID-19 on Economic Activity and Leisure Demand
First written in FY2020. 5 of 12 entries say "Restated". Latest entry: FY2025.
Toshin Holdings moved to the "Worse" side of this theme in 2024, 4 years after the typical company in this theme (2020).
The whole theme swung hardest in 2020: 25 of 30 companies on the "Worse" side.
0 other companies' latest entry also says "Softened".
- FY2025SoftenedAnnual report
「In the resort business, the recovery trend continued for events designed to attract large numbers of people and competitions organized for group customers.」
The description has shifted from a deterioration in leisure demand due to COVID-19 to a recovery in demand from events and group visitors. - FY2024-Q3SoftenedAnnual report
「In the golf industry, demand for golf play has continued to spread broadly as the number of younger people and women increases, while competitions and other events involving meals, which had been restricted, gradually returned to pre-COVID conditions, and visitor numbers remained firm.」
Regarding the impact of COVID-19 on leisure demand, the company states that events such as competitions involving meals gradually returned to pre-COVID conditions and that visitor numbers remained firm. - FY2024-Q2SoftenedAnnual report
「During the first 2 quarters of the current consolidated fiscal year, the Japanese economy showed signs of recovery in employment conditions and personal consumption as the legal classification of COVID-19 under the Infectious Diseases Act changed from “Category 2 equivalent” to “Category 5.”」
The description of COVID-19 has changed to state that its legal classification under the Infectious Diseases Act moved to Category 5 and that employment conditions and personal consumption showed signs of recovery. - FY2024-Q1RestatedAnnual report
「Although the golf industry experienced a temporary decline in users due to the impact of COVID-19, it has continued on a recovery trend.」
The impact of COVID-19 on golf course users continues to be described as having shifted to a recovery trend after a temporary decline in users. - FY2023-Q3SoftenedAnnual report
「Although the golf industry experienced a temporary decline in users due to the impact of COVID-19, it has continued on a recovery trend.」
The impact of COVID-19 on golf course users is described as having shifted to a recovery trend after a temporary decline in users. - FY2023-Q2RestatedAnnual report
「During the first 2 quarters of the current consolidated fiscal year, the Japanese economy showed signs of recovery in employment conditions and personal consumption as the impact of COVID-19 (hereinafter, “COVID-19”) eased.」
The view that the impact of COVID-19 has eased and employment conditions and personal consumption are showing signs of recovery remains unchanged. - FY2023-Q1SoftenedAnnual report
「During the first quarter of the current consolidated fiscal year, the Japanese economy showed signs of recovery in employment conditions and personal consumption as the impact of COVID-19 (hereinafter, “COVID-19”) eased.」
The assessment of COVID-19’s impact on economic activity has changed from one of prolonged and severe conditions to one in which the impact has eased and recovery is under way. - FY2022-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, the impact of COVID-19 continued for an extended period. The Tokyo Olympics, held without spectators 57 years after the previous Games in 1964, did not produce the anticipated economic benefits, while employment conditions and personal consumption also continued to decline and corporate earnings remained under severe pressure.」
The view that the prolonged impact of COVID-19 has continued to create severe conditions for economic activity, employment, personal consumption and corporate earnings remains unchanged. - FY2021-Q3RestatedAnnual report
「During the third quarter of the current consolidated cumulative period, the impact of COVID-19 continued for an extended period, employment conditions and personal consumption declined rapidly, and corporate earnings also remained under severe pressure.」
The view that the prolonged impact of COVID-19 has continued to create severe conditions for employment, personal consumption and corporate earnings remains unchanged. - FY2021-Q2WorsenedAnnual report
「During the first 2 quarters of the current consolidated fiscal year, the Japanese economy remained under severe conditions as the impact of COVID-19 persisted, employment conditions and personal consumption declined rapidly, and corporate earnings also deteriorated.」
The description of the impact of COVID-19 states that, in addition to its prolonged duration, employment and personal consumption have declined rapidly, presenting a more specific and severe picture of the impact on economic activity. - FY2021-Q1RestatedAnnual report
「In addition, the environment surrounding the golf course industry has become increasingly challenging as leisure activities have been voluntarily curtailed following the spread of COVID-19.」
The impact of the spread of COVID-19 and the voluntary curtailment of leisure activities on golf course demand continues to be described as a risk. - FY2020First statedAnnual report
「Since around February 2020, uncertainty has continued due to concerns over the stagnation of economic activity resulting from the spread of COVID-19.」「In addition, the environment surrounding the golf course industry has become increasingly challenging as leisure activities have been voluntarily curtailed following the spread of COVID-19.」
The spread of COVID-19 is described as a new risk, citing concerns over stagnant economic activity and the impact on golf course demand from the voluntary curtailment of leisure activities.