Risk of business activity and consumer spending stagnation due to COVID-19
First written in FY2020. 6 of 14 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2026ReframedAnnual report
「If various infectious diseases spread, they may affect the performance of our group. Specifically, this could include a decline in the number of visitors to food-service outlets in the leisure business, a decline in marina visitors, and a temporary reduction or waiver of rents due to tenants' poor business performance in the real estate business, potentially resulting in lower group sales and bad debts from business partners.」
After the specific reference to COVID-19 was removed, the risk was generalized to various infectious diseases, and the potential impact on the food-service, marina, real estate and road-related businesses was reorganized. - FY2024-Q2DroppedAnnual report
「There are no material events or other matters.」
The filing's business and other risks section contains no specific reference to the impact of COVID-19 on the business and states that there are no material events or other matters. - FY2024-Q1MitigatedAnnual report
「In the food-service business, social life without activity restrictions was restored under the “with-COVID” environment, and customer traffic recovered steadily, but」
The filing states that, with regard to COVID-19, social life without activity restrictions was restored and customer traffic in the food-service business recovered steadily. Meanwhile, the challenging environment caused by rising costs remains. - FY2023-Q3RestatedAnnual report
「Although no material events or other matters exist, the Group is continuing to monitor the spread of COVID-19, which could affect its business depending on how the situation develops.」
Although no material events or other matters exist, the Group is continuing to monitor the spread of COVID-19 and has reconfirmed the possibility that the business could be affected depending on how the situation develops. - FY2023-Q2RestatedAnnual report
「Although no material events or other matters exist, the Group is continuing to monitor the spread of COVID-19, which could affect its business depending on how the situation develops.」
Although no material events or other matters exist, the Group is continuing to monitor the spread of COVID-19 and has reconfirmed the possibility that the business could be affected depending on how the situation develops. - FY2023-Q1RestatedAnnual report
「Although no material events or other matters exist, the Group is continuing to monitor the impact of COVID-19, which could affect its business depending on how the situation develops.」
Although no material events or other matters exist, the Group is continuing to monitor the impact of COVID-19 and has reconfirmed the possibility that the business could be affected depending on how the situation develops. - FY2022-Q3RestatedAnnual report
「Although no material events or other matters exist, the Group is continuing to monitor the spread of COVID-19, which could affect its business depending on how the situation develops.」
Although no material events or other matters exist, the Group is continuing to monitor the spread of COVID-19 and has reconfirmed the possibility that the business could be affected depending on how the situation develops. - FY2022-Q2RestatedAnnual report
「Although no material events or other matters exist, the Group is continuing to monitor the spread of COVID-19, which could affect its business depending on how the situation develops.」
Although no material events or other matters exist, the Group is continuing to monitor the spread of COVID-19 and has reconfirmed the possibility that the business could be affected depending on how the situation develops. - FY2022-Q1RestatedAnnual report
「Although no material events or other matters exist, the Group is continuing to monitor the spread of COVID-19, which could affect its business depending on how the situation develops.」
The Group stated that there had been no material changes in business and other risks, while continuing to monitor the spread of the pandemic and reconfirming that the business could be affected depending on how the situation develops. - FY2021WorsenedAnnual report
「Specifically, the risks include a possible decline in Group revenue and bad debts from customers due to temporary restaurant closures and reduced operating hours and fewer marina visitors in the leisure business, as well as temporary rent reductions or waivers caused by poor tenant performance in the real estate business. In the road-related business, if a Group employee contracts COVID-19, the smooth execution of operations could also be impaired by such factors as the suspension of construction work.」
The scope of the pandemic risk has expanded beyond restaurants and marinas to include rent reductions or waivers in the real estate business, customer bad debts and road construction suspensions. Declines in restaurant and marina usage and an impairment loss of ¥324.590 million have also actually occurred. - FY2021-Q3WorsenedAnnual report
「The Group was also significantly affected by the spread of COVID-19, including temporary restaurant closures, reduced operating hours and a decline in marina facility users, affecting the performance of the leisure business. In addition, at some restaurants operated by the Company and some shops at toll roads and other facilities operated by consolidated subsidiaries, expected revenue could no longer be anticipated and recoverability declined due to a renewed increase in COVID-19 cases and other factors. The carrying amounts of fixed assets were therefore reduced to their recoverable amounts, and the decreases were recorded as impairment losses under extraordinary loss.」
The impact of the pandemic continued in the form of restaurant closures, reduced operating hours and fewer marina facility users. In addition, the renewed increase in infections made expected revenue unattainable, resulting in the actual recognition of an impairment loss of ¥321.160 million. - FY2021-Q2WorsenedAnnual report
「The Group was also significantly affected by the spread of COVID-19, including temporary restaurant closures, reduced operating hours and a decline in marina visitors, which affected the performance of the leisure business. Meanwhile, the core road-related business generally operated smoothly because the Group thoroughly implemented infection-control measures and worked to continue routine operations in order to maintain road infrastructure.」
The impact of the pandemic continued in the form of temporary restaurant closures, reduced operating hours and a decline in marina visitors, significantly affecting the leisure business. Meanwhile, the road-related business continued routine operations through infection-control measures and generally operated smoothly, according to the disclosure. - FY2021-Q1WorsenedAnnual report
「The Group was also significantly affected by the spread of COVID-19, including temporary restaurant closures, reduced operating hours and a decline in marina visitors, which affected the performance of the leisure business. Meanwhile, the core road-related business generally operated smoothly because the Group thoroughly implemented infection-control measures and worked to continue routine operations in order to maintain road infrastructure.」
The Company stated that the impact of COVID-19 actually emerged in the form of temporary restaurant closures, reduced operating hours and a decline in marina visitors, significantly affecting the leisure business. - FY2020MaterialisedAnnual report
「COVID-19 is spreading globally and may affect the Group's operating results, although an objective estimate was difficult as of the filing date. In the leisure business, the state of emergency declared in response to the spread of COVID-19 led to measures including the suspension or shortening of restaurant operating hours and the cancellation of marina events. The Group expects this to affect its financial position, operating results and cash flows from the following consolidated fiscal year onward.」
The Group identified the global spread of COVID-19 as a risk to operating results for the first time and stated that measures had actually been taken in response to the state of emergency, including restaurant closures, reduced operating hours and the cancellation of marina events. The amount of the impact was considered difficult to estimate objectively.