Risk of Reduced Advertising Spending Due to the Spread of COVID-19
First written in FY2022. 1 of 3 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2025: 1 of 7 companies on the "Worse" side.
5 other companies' latest entry also says "Dropped".
- FY2024DroppedAnnual report
「The principal risks among the matters concerning the business conditions, financial conditions and other matters described in this document that management recognizes may have a material impact on the financial position, operating results and cash flows of the consolidated companies are as follows.」
The list of principal risks for the current year does not identify the spread of COVID-19 as a standalone risk item, and no risk disclosure specific to COVID-19 from previous years was found. - FY2023-Q2RestatedAnnual report
「Although the end of the spread of COVID-19 remains unforeseeable, signs of progress toward the normalization of economic activity were observed.」
The situation in which the end of the spread of COVID-19 remains unforeseeable continues to be described. It is explained that there have been no material changes to business and other risks. - FY2022First statedAnnual report
「If the situation were to worsen or persist for an extended period due to the impact of the spread of the infection, this could affect the Company's business results.」
While stating that the likelihood of an impact as severe as in the initial phase is low due to vaccination and other factors, the risk that advertisers will reduce their advertising expenditure if the spread of the infection worsens or persists is identified.