Postponement and cancellation of in-person training due to COVID-19 and the market shift
First written in FY2020. 7 of 19 entries say "Restated". Latest entry: FY2026.
Wilson Learning Worldwide moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
0 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「However, uncertainty remains because improving the earnings structure involves new initiatives.」
The explanation continued to be that uncertainty remains over improving the earnings structure, including new initiatives for the post-pandemic era, rather than new impacts from the infection itself. - FY2026-H1RestatedAnnual report
「However, uncertainty remains because improving the earnings structure involves new initiatives for the post-pandemic era.」
The uncertainty surrounding improvements to the earnings structure, including new initiatives for the post-pandemic era, rather than new impacts from the infection itself, has continued. - FY2025RestatedAnnual report
「However, uncertainty remains because improving the earnings structure involves new initiatives, and recovery from the deterioration in business performance caused by the spread of COVID-19 is taking time.」
The explanation continued to be that improving the earnings structure after the shift from in-person training to online and hybrid formats remains uncertain, and that recovery from the deterioration in business performance following the spread of the infection is taking time. - FY2025-H1RestatedAnnual report
「However, uncertainty remains because improving the earnings structure involves new initiatives, and recovery from the deterioration in business performance caused by the spread of COVID-19 is taking time.」
The explanation continued to be that, rather than new outbreaks of the infection or lockdowns, time was required to recover from the deterioration in business performance following the spread of the infection and to transition to a new earnings structure, with uncertainty remaining. - FY2024-Q3RestatedAnnual report
「However, uncertainty remains because improving the earnings structure involves new initiatives, and recovery from the deterioration in business performance caused by the spread of COVID-19 is taking time.」
The explanation continued to be that the issue was not new outbreaks or lockdowns themselves, but the time required to recover from the deterioration in business performance caused by the spread of the infection and to transition to a new earnings structure, with uncertainty remaining. - FY2024-Q2ReframedAnnual report
「However, uncertainty remains because improving the earnings structure involves new initiatives, and recovery from the deterioration in business performance caused by the spread of COVID-19 is taking time.」
The focus shifted from new outbreaks and lockdowns themselves to the time and uncertainty involved in recovering from the deterioration in business performance caused by the spread of COVID-19 and transitioning to a new earnings structure. - FY2024-Q1ReframedAnnual report
「However, uncertainty remains because improving the earnings structure involves new initiatives for the post-pandemic era.」
The focus shifted from new outbreaks of COVID-19 and lockdowns themselves to the time required to recover from the deterioration in business performance caused by the spread of the infection, and the uncertainty surrounding the transition to a new earnings structure in the post-pandemic era. - FY2023-Q3ReframedAnnual report
「However, uncertainty remains because improving the earnings structure involves new initiatives, and the negative impact of the spread of COVID-19 on business performance, including the effects of large-scale outbreaks in China following the abolition of its zero-COVID policy, may continue.」
The focus of the explanation of COVID-19's impact shifted from lockdowns under the zero-COVID policy to the effects of large-scale outbreaks following the policy's abolition. Uncertainty over improving the earnings structure and the possibility of a negative impact on business performance continued. - FY2023-Q2RestatedAnnual report
「However, uncertainty remains because improving the earnings structure involves new initiatives, and the negative impact of the spread of COVID-19 on business performance, including the effects of large-scale lockdowns in China, which continues to pursue a zero-COVID policy, may continue.」
The negative impact of COVID-19 on business performance and uncertainty over improving the earnings structure, including through online delivery, continued. The large-scale lockdowns in China were identified as a specific factor affecting performance. - FY2023-Q1WorsenedAnnual report
「However, uncertainty remains because improving the earnings structure involves new initiatives for the post-pandemic era, and the negative impact of the spread of COVID-19 on business performance, including the effects of large-scale lockdowns in China, may continue.」
Amid continued uncertainty over the transition to a new earnings structure, including online delivery, the impact of large-scale lockdowns in China on performance was noted, along with the possibility that the negative impact of COVID-19 on business performance will continue. - FY2022ReframedAnnual report
「Demand for online training remains strong both in Japan and overseas, and training content continues to shift to synchronous and asynchronous online delivery and hybrid formats.」
While the risk of postponements and reductions in in-person training continued, the market shift toward online training was described as a structural change involving a transition to synchronous, asynchronous and hybrid formats. - FY2022-Q3ReframedAnnual report
「In Japan, a trend toward reducing or postponing training involving physical gatherings emerged toward year-end. The United States has seen a similar trend, but Europe, China and Asia-Pacific are returning to pre-pandemic conditions.」
Against the backdrop of the sixth wave driven by the Omicron variant, in-person training continued to be reduced or postponed in Japan and the United States, while Europe, China and Asia-Pacific were described as regions where recovery toward pre-pandemic conditions was progressing. - FY2022-Q2ReframedAnnual report
「Meanwhile, demand for online training remains firm both in Japan and overseas, and training content continues to shift to synchronous and asynchronous online delivery.」
In addition to the risk of postponements and reductions in in-person training, the market structure was described as one in which demand for online training remains firm in Japan and overseas, with an ongoing shift to synchronous and asynchronous formats. - FY2022-Q1RestatedAnnual report
「However, as improvements to the revenue structure involve new initiatives in the post-COVID era, uncertainty remains. In addition, the negative impact of the spread of COVID-19 on business performance, including the effects of repeated declarations of a state of emergency in Japan, may continue in the future.」
Although training resumed and recovery progressed in Europe and APAC, recovery in Japan and the US was delayed. Uncertainty regarding the post-COVID response and the possibility of negative effects from declarations of a state of emergency and other factors continued. - FY2021WorsenedAnnual report
「The corporate training market was recovering domestically, but overseas it was significantly affected because the spread of the novel coronavirus had not subsided, with second and third lockdowns in Europe and continued restrictions on going out in the United States, among other factors.」
The freezing and scaling back of in-person and workshop-based training continued throughout the fiscal year, and Group sales declined 38.5%. At the same time, the company advanced product development and partnerships in response to the market shift toward online training. - FY2021-Q3WorsenedAnnual report
「During the nine months ended the third quarter of the current consolidated fiscal year, sales declined 46.2% year on year. This was mainly because the implementation of in-person training, the principal business in each country, became impossible as a result of declarations of a state of emergency and lockdowns accompanying the rapid global spread of COVID-19, followed by the freezing and postponement of corporate training plans.」
The inability to conduct in-person training and the freezing and postponement of corporate training plans continued, resulting in a 46.2% year-on-year decline in sales. The assumed duration of the pandemic's impact was also revised in the accounting assumptions to extend until around the end of March 2021. - FY2021-Q2WorsenedAnnual report
「During the six months ended the second quarter of the current consolidated fiscal year, sales declined 54.4% year on year. This was mainly because the implementation of in-person training, the principal business in each country, became impossible as a result of declarations of a state of emergency and lockdowns accompanying the rapid global spread of COVID-19, followed by the freezing and postponement of corporate training plans.」
The freezing and postponement of in-person training and revisions to training plans continued, resulting in a 54.4% decline in sales. The company continued responding to the market shift toward online training. - FY2021-Q1MaterialisedAnnual report
「In the human resources development industry, corporate training requiring people to gather physically was frequently postponed or cancelled because of lockdowns and requests to refrain from going out. In addition, training budgets were reduced and plans were repeatedly reviewed as the economy slowed.」
Postponements and cancellations of in-person training, along with reductions in training budgets and plan revisions, actually occurred at all locations, resulting in a 56.9% decline in sales. - FY2020First statedAnnual report
「The Group's principal products are in-person training programs, and the timing of the containment of COVID-19 in countries around the world will have a significant effect on the Group's business performance. The market has also begun shifting toward online training, which does not require physical contact, and development costs and the speed of the response to changes in the market environment will affect the Group's business performance.」
Postponements and cancellations of in-person training occurred in China, Japan, the US, Europe and elsewhere. The market shift toward online training, along with development costs and response speed, was identified as a new major risk.