Risks to business continuity and performance from the spread of COVID-19
First written in FY2020. 5 of 15 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2026RestatedAnnual report
「The spread of the infectious disease may affect the Group's business activities through restrained personal consumption, requests from local authorities to suspend operations and other factors. The Group will respond to changes in society and values premised on the continued spread of the infection, while making the safety of customers and employees its top priority and working to maintain each business segment and secure earnings through initiatives based on requests from the government and local authorities.」
The company continued to address the risks of restrained personal consumption and requests to suspend operations resulting from the spread of the infectious disease, as well as safety assurance and business continuity. - FY2024-Q2MitigatedAnnual report
「At the restaurants managed under contract in Meguro-ku, Tokyo, which form the core of this business segment, the lifting of COVID-19 activity restrictions led to an increase in visitors to the area, including inbound visitors and domestic travelers, providing a tailwind for operating performance, which rose above pre-COVID levels.」
Against the backdrop of the lifting of activity restrictions and the recovery in foot traffic, the operating performance of the restaurants managed under contract exceeded pre-COVID levels. The infectious-disease impact on business continuity and performance eased from the previous fiscal year. - FY2024-Q1MitigatedAnnual report
「At the restaurant operated under contract in Meguro-ku, Tokyo, the core of this business segment, operating performance recovered to pre-pandemic levels amid moves toward the normalization of economic activity, including the lifting of restrictions on activities related to COVID-19.」
Against the backdrop of the lifting of restrictions on activities and the normalization of economic activity, the operating performance of the restaurants managed under contract recovered to pre-COVID levels. The infectious-disease impact on business continuity and performance eased from the previous fiscal year. - FY2023MitigatedAnnual report
「The spread of COVID-19 may affect the Group's business activities through restrained personal consumption, requests from local authorities to suspend operations and other factors. The Group will respond to changes in society and values premised on the continued spread of the infection, while making the safety of customers and employees its top priority and working to maintain each business segment and secure earnings through initiatives based on requests from the government and local authorities.」
The company continued to disclose its response to infectious-disease risks and measures to ensure safety and business continuity, but recorded no losses from temporary closures during the current consolidated fiscal year, reducing the direct impact on profit and loss from the previous fiscal year. - FY2023-Q3MitigatedAnnual report
「Cumulative period of the current third quarter of the consolidated fiscal year (from 1 April 2022 to 31 December 2022) There are no applicable matters.」
No losses from temporary cinema closures were recorded during the cumulative period of the current third quarter of the consolidated fiscal year. The impact of the infectious disease and measures to prevent its spread continued, but no losses from temporary closures had been incurred since the same period of the previous year. - FY2023-Q1RestatedAnnual report
「Under these circumstances, the Group continued to conduct business activities in line with guidance from the government and the Tokyo Metropolitan Government while continuing to implement various measures to prevent the spread of COVID-19.」
The impact of the infectious disease and the continuation of measures to prevent its spread were disclosed. No losses from temporary closures were recorded in the current quarter; although the risk remained, the direct impact recorded in profit and loss changed from the previous fiscal year. - FY2022MitigatedAnnual report
「The company recorded ¥24 million in special gains as “Employment adjustment subsidies and other subsidies related to COVID-19” and ¥6 million in extraordinary losses as “Losses from temporary closures,” among other items,」
Losses from temporary closures due to the infectious disease decreased from ¥54.969 million in the previous fiscal year to ¥6.954 million. Temporary closures and their impact on performance remained, but the full-year loss amount decreased. - FY2022-Q3RestatedAnnual report
「In response to government policies and requests from local authorities related to the spread of COVID-19, the Group temporarily closed its cinemas. Personnel expenses, rent, depreciation and other costs related to the facilities during the temporary closures were recorded as extraordinary losses under “Losses from temporary closures.”」
Temporary cinema closures and the recording of losses from temporary closures continued, and the business continuity and performance risk from the infectious disease continued to be disclosed. - FY2022-Q2RestatedAnnual report
「In response to government policies and requests from local authorities related to the spread of COVID-19, the Group temporarily closed its cinemas. Personnel expenses, rent, depreciation and other costs related to the facilities during the temporary closures were recorded as extraordinary losses under “Losses from temporary closures.”」
Temporary cinema closures due to the infectious disease continued, along with the recording of ¥6.954 million in extraordinary losses from the temporary closures, and the business continuity and performance risk continued to be disclosed. - FY2022-Q1RestatedAnnual report
「In response to government policies and requests from local authorities related to the spread of COVID-19, the Group temporarily closed its cinemas. Personnel expenses, rent, depreciation and other costs related to the facilities during the temporary closures were recorded as extraordinary losses under “Losses from temporary closures.”」
Temporary cinema closures due to the infectious disease continued, along with the recording of ¥6.954 million in losses from temporary closures, and the business continuity and performance risk continued to be disclosed. - FY2021WorsenedAnnual report
「The company recorded ¥34 million in special gains as “Employment adjustment subsidies and other subsidies related to COVID-19,” ¥54 million in extraordinary losses as “Losses from temporary closures,” and ¥247 million in impairment losses related to the movie exhibition business asset group,」
The company recorded ¥54.96 million in losses from temporary closures due to the infectious disease, and also incurred ¥247.29 million in impairment losses on movie exhibition business assets. The business continuity and performance impact of the infectious disease had a specific effect on full-year profit and loss. - FY2021-Q3WorsenedAnnual report
「The company recorded ¥30 million in special gains as “Employment adjustment subsidies and other subsidies related to COVID-19” and ¥54 million in extraordinary losses as “Losses from temporary closures,”」
The company recorded ¥54.969 million in losses from temporary closures due to the infectious disease and received ¥30.514 million in employment adjustment subsidies and other subsidies. Business continuity and performance risks from operating restrictions at cinemas and the resurgence of the infectious disease continued to have a specific impact on profit and loss. - FY2021-Q2WorsenedAnnual report
「The company recorded ¥25 million in special gains as “Employment adjustment subsidies and other subsidies related to COVID-19” and ¥54 million in extraordinary losses as “Losses from temporary closures,”」
Cumulative losses of approximately ¥55 million were recorded from the temporary closure of cinemas and driving schools, and the business continuity and performance risk from the infectious disease continued to have a specific impact on profit and loss. - FY2021-Q1MaterialisedAnnual report
「In response to government policies and requests from local authorities related to the spread of COVID-19, the company temporarily closed its cinemas and driving schools. As a result, it recorded an extraordinary loss of ¥43 million for the temporary closures, and quarterly net loss attributable to owners of the parent was ¥14 million, compared with quarterly net income attributable to owners of the parent of ¥20 million in the same period of the previous year.」
Temporary closures of cinemas and driving schools due to the infectious disease occurred, resulting in an extraordinary loss of ¥43.69 million and a quarterly net loss of ¥14.65 million. The business continuity and performance risk had a specific impact on quarterly profit and loss. - FY2020First statedAnnual report
「With the global spread of COVID-19, Musashino-kan and Cinema Qualite began selling tickets with wider spacing between seats and implementing various infection-prevention measures in March 2020. They subsequently suspended operations from 4 April to 31 May in response to the government's state of emergency declaration and other measures.」
The spread of COVID-19 resulted in the suspension of operations at cinemas and driving schools, restrictions on seat sales, and declines in admissions and driving-school enrollment, and was described as a new risk expected to affect performance from the following fiscal year onward.