Impact of COVID-19 on business activities and earnings
First written in FY2020-Q2. 5 of 16 entries say "Mitigated", first in FY2023-Q1. Latest entry: FY2024.
Horai moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
The whole theme swung hardest in 2020: 25 of 30 companies on the "Worse" side.
13 other companies' latest entry also says "Mitigated".
- FY2024MitigatedAnnual report
「Visitor numbers exceeded the previous period and recovered to approximately 90% of the level in the September 2019 fiscal year, before the spread of COVID-19, resulting in higher revenue than in the previous period.」
The company states that, although the impact of infectious diseases on the tourist facilities remains, visitor numbers have recovered to approximately 90% of the level before the spread of infection. - FY2023MitigatedAnnual report
「COVID-19 has been reclassified as a Class 5 infectious disease, and as economic activity steadily progresses toward living with COVID-19 and the post-COVID-19 period, we are working to build a management foundation capable of responding flexibly and appropriately to this changing business environment and remaining competitive.」
In light of the reclassification of COVID-19 as a Class 5 infectious disease and the progress of economic activity, the focus has shifted from its direct impact on the business to the ability to respond to a changing environment and build a management foundation. - FY2023-Q3MitigatedAnnual report
「As the impact of COVID-19 moved toward containment, visitor numbers at the tourist facilities exceeded those in the same period of the previous year, driven by the effects of the national travel assistance program and stepped-up farm promotions through various media.」
As the impact of infectious diseases moved toward containment, visitor numbers at the tourist facilities exceeded those in the same period of the previous year as a result of the national travel assistance program and farm promotions, indicating that the business impact had eased. - FY2023-Q2MitigatedAnnual report
「As COVID-19 moved toward containment, visitor numbers at the tourism facilities exceeded the same period of the previous year due to the continued promotion of the farm through various media and the effects of the nationwide travel support program, among other factors.」
Despite the continuing impact of infectious diseases, visitor numbers at the tourist facilities exceeded those in the same period of the previous year as a result of farm promotions and the national travel assistance program, indicating that some of the business impact has eased. - FY2023-Q1MitigatedAnnual report
「Although the impact of COVID-19 continued, visitor numbers at the tourism facilities exceeded the same period of the previous year due to the effects of farm promotions through various media and the nationwide travel support program, among other factors.」
Although the impact of infectious diseases continues, visitor numbers at the tourist facilities exceeded those in the same period of the previous year as a result of farm promotions and the national travel assistance program, indicating that some of the impact has eased. - FY2022Infectious disease risk becomes generalized and impact diminishesAnnual report
「If a large-scale outbreak of an infectious disease caused by a novel virus or other pathogen for which no established treatment exists results in a major impact, such as a mass infection among the company's employees, it may affect the company's business and financial condition.」
In addition to the previous impact of COVID-19, the company has classified infectious diseases caused by novel viruses or other pathogens for which no established treatment exists as a company-wide risk. At the same time, it states that a path toward the normalization of economic activity is beginning to emerge with respect to COVID-19. - FY2022-Q3Continuing impact of infectious disease and recovery in visitor numbersAnnual report
「Although difficult conditions continued due to the impact of the spread of COVID-19, including the extension of priority preventive measures associated with the arrival of the sixth wave, visitor numbers at the tourist facilities gradually recovered following the lifting of the priority measures in March,」
Although the business impact of the sixth wave and the extension of priority measures continued, the company states that visitor numbers at Senbonmatsu Farm's tourist facilities gradually recovered after the measures were lifted in March. - FY2022-Q2MaterialisedAnnual report
「Due to the extension of priority preventive measures, including those to prevent the spread of disease, following the resurgence of COVID-19, visitor numbers at the tourist facilities increased by only approximately 5,000 from the same period of the previous year, while revenue declined year on year due to the application of the revenue recognition accounting standard.」
As the resurgence of COVID-19 and the extension of priority preventive measures continued, the recovery in visitor numbers at the tourist facilities was limited, and Senbonmatsu Farm recorded lower revenue year on year. - FY2022-Q1MaterialisedAnnual report
「As the impact of COVID-19 continued to create an uncertain outlook, visitor numbers at the tourism facilities fell below the same period of the previous year, resulting in lower revenue year on year.」
The impact of COVID-19 continued, and the Senbonmatsu Farm tourist facilities actually experienced a decline in visitor numbers and lower revenue. - FY2021Recovery trend amid continuing impactAnnual report
「During the fiscal year, extremely difficult conditions continued, as the business was affected throughout the year by the spread of infections, including those caused by COVID-19 variants. However, performance is on a recovery trend as a result of actively pursuing key measures, including the provision of safe, secure and comfortable services and products that satisfy customers, and the recovery of performance in the Senbonmatsu Farm and golf businesses under the medium-term management plan, known as the Senbonmatsu Renaissance.」
While the impact of infectious diseases on the business continued throughout the fiscal year, the company states that performance entered a recovery trend as a result of its key initiatives. - FY2021-Q3RestatedAnnual report
「Although difficult conditions continued due to the impact of COVID-19,」
While the impact of COVID-19 on the business continued, the company also reported a recovery in visitor numbers at Senbonmatsu Farm's tourist facilities from April onward. - FY2021-Q2MaterialisedAnnual report
「Amid the continuing spread of COVID-19, the state of emergency in the Tokyo metropolitan area was extended through March, and tourist facilities recorded lower revenue than in the same period of the previous year because visitor numbers were approximately 40% below the year-earlier level.」
As the end of the infection situation remained out of sight and the state of emergency continued to be extended, the impact continued in the form of lower visitor numbers and revenue at the tourist facilities of Senbonmatsu Farm. - FY2021-Q1RestatedAnnual report
「While the spread of COVID-19 remained unresolved, visitor numbers fell below the same period of the previous year, although」
The situation in which COVID-19 has not been brought under control continues, as does its impact on visitor numbers at Senbonmatsu Farm. - FY2020WorsenedAnnual report
「Full-year operating results fell into an operating loss, mainly due to the impact of the spread of COVID-19, particularly the significant decline in visitor numbers at the Senbonmatsu business.」
The impact of COVID-19 spread to full-year results, mainly in the Senbonmatsu Farm and golf businesses, and an operating loss actually occurred. - FY2020-Q3MaterialisedAnnual report
「As the spread of COVID-19 led to the declaration of a state of emergency on 7 April 2020, requests from the government and local authorities to refrain from going out, as well as requests to voluntarily suspend business operations and temporarily close facilities, affected the Senbonmatsu business, including the temporary closure of tourist facilities at Senbonmatsu Farm and a decline in visitor numbers, including to the golf business. Following the lifting of the state of emergency, the tourist facilities at Senbonmatsu Farm have resumed operations, but restrictions, including reduced operating hours, have been imposed from the standpoint of preventing infections.」
The company actually experienced temporary closures of tourist facilities, a decline in visitor numbers and reduced operating hours after reopening in connection with the state of emergency and other measures, and states that the impact on business activities and earnings may continue depending on how the infection situation develops. - FY2020-Q2First statedAnnual report
「Although infections with COVID-19 are also spreading in Japan, the company's business activities and ability to secure earnings may be affected depending on how the situation develops. The company has experienced the following impacts, among others, as a result of requests from the government and local authorities to refrain from going out, as well as requests to voluntarily suspend business operations and temporarily close facilities, and the impact on all businesses operated by the company is expected to continue for the foreseeable future.」
The company identified for the first time the possibility that COVID-19 could affect business activities and the ability to secure earnings as a business risk. Senbonmatsu Farm experienced a decline in group visitors, while after the declaration of a state of emergency there were declines in golf visitors and reservations, temporary closures of farm facilities, a slowdown in the conclusion of insurance contracts, and concerns about deteriorating performance among real estate tenants.