Impact of COVID-19 on Business Activities and Performance
First written in FY2020. 5 of 14 entries say "Mitigated", first in FY2023-Q1. Latest entry: FY2026.
The whole theme swung hardest in 2020: 102 of 175 companies on the "Worse" side.
- FY2026RestatedAnnual report
「The spread of infectious diseases and other factors may affect the Group's business activities and earnings through requests from the government and local authorities to restrict movement, changes in consumer behavior and changes in business models.」
The company continued to describe infectious disease risk as having a medium priority, including the potential for reduced use of commercial facilities, higher production costs, lower real estate values and disruption to operations. - FY2024-Q3RestatedAnnual report
「During the nine-month period ended [the relevant date], the easing of activity restrictions related to COVID-19 supported the normalization of economic and social activity, and personal consumption and inbound demand recovered, indicating signs of an economic recovery. However, the outlook remained uncertain due to the impact of higher resource prices and inflation associated with the yen's depreciation.」
The company continued to describe the easing of restrictions on movement, the normalization of socioeconomic activity, and the recovery of personal consumption and inbound demand. It did not state that constraints on the business environment caused by the pandemic had been eliminated. - FY2024-Q2MitigatedAnnual report
「As restrictions on movement in response to COVID-19 were eased, economic activity normalized and inbound demand recovered, while signs of a recovery in personal consumption also emerged.」
The company stated that restrictions on movement were eased, economic activity normalized and inbound demand recovered, and that constraints on the business environment caused by the pandemic eased further. - FY2024-Q1MitigatedAnnual report
「During the three-month period ended [the relevant date], the Japanese economy was recovering moderately as economic activity normalized following the reclassification of COVID-19 as a Class 5 disease under the Infectious Diseases Control Act, but the outlook remained uncertain due to higher resource prices and inflation.」
The transition of COVID-19 to Category V and the normalization of economic activity progressed, easing constraints on the business environment caused by the pandemic from the previous fiscal year. However, uncertainty about the outlook remained due to surging resource prices and rising prices. - FY2023MitigatedAnnual report
「During the current consolidated fiscal year, Japan's economy saw a moderate recovery as socioeconomic activity normalized on the assumption of living with COVID-19. However, the outlook remained uncertain due to downside risks to overseas economies, rising prices and other factors.」
The company described the normalization of socioeconomic activity and economic recovery on the assumption of living with COVID-19, and stated that constraints on the business environment caused by the pandemic had eased from the previous fiscal year. It did not state that the risk itself had disappeared. - FY2023-Q3MitigatedAnnual report
「During the nine-month period ended [the relevant date], restrictions on activity related to COVID-19 were eased, economic and social activity moved toward normalization, and signs of a moderate economic recovery emerged. However, the outlook remained uncertain due to the impact of higher resource and energy prices and soaring prices resulting from the situation in Ukraine and the rapid depreciation of the yen.」
The company stated that restrictions on movement due to COVID-19 were eased and socioeconomic activity was normalized, and that constraints on the business environment caused by the pandemic had eased from the previous quarter. However, uncertainty about the outlook remained. - FY2023-Q2Easing of restrictions and renewed spread of infections coexistedAnnual report
「During the six-month period ended [the relevant date], restrictions on economic activity related to COVID-19 were gradually eased and signs of normalization emerged. However, the outlook remained uncertain amid the renewed spread of infections from new variants, the prolonged situation in Ukraine, and soaring prices associated with the rapid depreciation of the yen.」
The company described the easing of restrictions on economic activity due to the pandemic and progress toward normalization, while stating that uncertainty about the outlook remained because of renewed spread caused by new variants. - FY2023-Q1MitigatedAnnual report
「During the three months ended the first quarter of the current consolidated fiscal year, restrictions on economic activity due to COVID-19 were gradually eased, and signs of economic recovery emerged.」
The company stated that restrictions on economic activity due to the pandemic were gradually eased and that signs of economic recovery emerged. It did not state that the impact of the pandemic had been eliminated. - FY2022-Q3Recovery as infections declined, but the impact continuedAnnual report
「During the nine months ended the third quarter of the current consolidated fiscal year, the number of COVID-19 cases showed a declining trend toward the end of the period. Companies and other entities whose provision of services had been restricted by the pandemic gradually resumed operations, and consumption of goods and services increased, resulting in signs of economic recovery.」
The company described economic recovery driven by declining infection numbers, the resumption of business activities and increased consumption. It did not state that the impact of the pandemic had been eliminated. - FY2022-Q2RestatedAnnual report
「During the six months ended the second quarter of the current consolidated fiscal year, the Japanese economy was affected by the spread of COVID-19, leading to the reissuance of a state of emergency and restrictions on economic activity.」
The company described the reissuance of a state of emergency and restrictions on economic activity, stating that the pandemic's impact on the business environment continued. - FY2021-Q3RestatedAnnual report
「After the state of emergency was lifted, signs of recovery emerged as economic activity resumed. However, the outlook remained uncertain, including because COVID-19 began to spread again.」
The company continued to describe the resurgence of the pandemic and uncertainty about the outlook. Measures in response to the pandemic, including postponed releases, suspended operations and event cancellations, continued, resulting in cumulative revenue declining 29.0% year on year, ordinary income declining 41.0% and quarterly net income attributable to owners of the parent declining 59.4%. - FY2021-Q2WorsenedAnnual report
「In response to various requests from local governments and the government's declaration of a state of emergency, the Group postponed theatrical film releases, suspended operations at multiplex cinemas and other facilities, and cancelled events. After the state of emergency was lifted, it rigorously implemented measures to prevent the spread of COVID-19 and pursued prudent operating measures, including further strengthening and efficiently utilizing its content business, centered on the video-related business. As a result, revenue for the six months ended the second quarter of the current consolidated fiscal year was ¥45,883 million, down 39.7% year on year, ordinary income was ¥6,338 million, down 58.5%, and quarterly net income attributable to owners of the parent was ¥1,594 million, down 76.9%.」
The effects of postponed releases, theater closures and event cancellations due to the pandemic continued into the second quarter and materialized as a decline in consolidated performance. - FY2021-Q1MaterialisedAnnual report
「In response to various requests from local governments and the government's declaration of a state of emergency, the Company postponed theatrical film releases, suspended operations at multiplex cinemas and other facilities, and cancelled events. At the same time, it pursued prudent operating measures, including further strengthening and efficiently utilizing its content business, centered on the video-related business.」
The pandemic resulted in actual postponements of theatrical releases, suspension of multiplex cinema operations and event cancellations, with consolidated revenue declining 36.0% year on year and quarterly net income attributable to owners of the parent declining 80.2%. - FY2020First statedAnnual report
「Economic activity in Japan and overseas remained constrained by the global COVID-19 pandemic and other factors, and the outlook remained uncertain. The business environment surrounding the Group also remained challenging due to increasingly diverse consumer spending patterns and a stronger preference for economizing.」
The company identified restrictions on economic activity caused by COVID-19 as a new major risk and indicated a broad range of potential impacts, including delays in theatrical releases, temporary closures of theaters and the film village, event cancellations, lower rental income and weak accommodation demand.